Uday Yadav appointed new CEO of TK Elevator

Uday Yadav has been appointed as CEO of TK Elevator. Former CEO Peter Walker has taken the decision to retire after over 25 years of service at the company.

He joins from the global power management company Eaton, where he served as President and Chief Operating Officer of the company’s electrical sector. In this role, he was responsible for the company’s global electrical business with 55,000 employees and revenues of USD 14 billion. He was also in charge of corporate responsibility for Europe, Middle East and Africa operations at Eaton. Y

Commenting on the announcement Hans Lotter, Chairman of the Supervisory Board of TK Elevator said: "In light of the transformation of the company and the related challenges for TK Elevator, Uday's industry and end-market knowledge, his global experience and track record of creating value by delivering superior performance make him the ideal choice to lead the company as CEO. He will further develop TK Elevator as a stand-alone company and continue to drive the implementation of its ambitious strategic goals."

A number of senior positions

Before Uday Yadav became President and Chief Operating Officer of Eaton’s electrical sector, he held the same role in the company’s industrial sector comprising of Eaton’s aerospace, vehicle, hydraulics and e-mobility segments.

In addition to this, he was President of Eaton’s aerospace group, Executive Vice President of the Eaton Business System, President of the hydraulics Asia-Pacific region and held a number of senior positions across global offices including India.

He is also a member of the Board of Directors of Xylem Inc., a leading global water technology company, and Hopewell, a non-profit organization which provides support for adults with serious mental illness. In addition to this, he is a board member of Gotta Sports, a tennis analytics start-up. Yadav has a double degree with honors in engineering and business from Nottingham Trent University in the United Kingdom.

Peter Walker has retired

After the carve-out from thyssenkrupp, former CEO Peter Walker has taken the decision to step down from the position and has elected to retire from the company. The 59-year-old has spent the past 20 years abroad and has decided to return home to Australia for his retirement. He led TK Elevator in 2020 when it became private and helped develop its comprehensive strategy.

During the sale of the former elevator division of industrial group thyssenkrupp to the private equity consortium led by Advent International and Cinven, Walker and his leadership team "successfully guided TK Elevator through the largest transaction in the elevator industry", stresses the company.

More information: tkelevator.com