News Feed Item

Honeywell Announces Senior Leadership Changes

-- Roger Fradin and Andreas Kramvis Promoted to Vice Chairmen of Honeywell

MORRIS TOWNSHIP, N.J., April 7, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) today announced several senior leadership changes, reflecting further advancement of strong leaders throughout the Company, effective immediately.

"Honeywell is in an enviable position to capitalize on the strength and experience of a highly capable leadership team to support our continued strong performance and commitment to our customers and shareholders," said Honeywell Chairman and CEO Dave Cote.  "These leadership changes will have a positive impact on achieving our new 5-year plan for continued sales and margin rate growth and geographic expansion. Each of these leaders has a strong track record of global leadership, robust business performance, and championing change at Honeywell."

Roger Fradin is promoted to Vice Chairman of Honeywell, a newly created leadership position where he will be primarily responsible for advancing the Company's merger and acquisition strategy toward its recently announced 5-year target of $10 billion, High Growth Regions expansion, and improving internal operations.  Roger will continue to report directly to Cote and will remain an Executive Officer of the Company.  Roger was previously President and CEO of ACS, which more than doubled from an $8 billion, mainly U.S. domestic business to a $17 billion global business during Roger's 10 year tenure.

Andreas Kramvis is promoted to Vice Chairman of Honeywell where he will use his expertise to enable the global deployment of HOS Gold, advance the Company's software initiative by improving the productivity and quality of our software development processes, and drive High Growth Regions expansion, which are all critical components of our recently announced 5-year plan. Andreas will continue to report directly to Cote and will remain an Executive Officer of the Company.  Since 2008, Andreas was President and CEO of PMT, which has grown 30% to become a $7 billion, highly profitable business. 

Honeywell Process Solutions (HPS), with 2013 sales of $3.1 billion, moves from ACS to PMT.  This move provides an opportunity for Honeywell to better and more efficiently leverage important customer and sales synergies, and to build upon our global expertise and breadth of available resources to execute complex process technology and automation projects in the oil and gas, refining, petrochemical, and major manufacturing industries.

Alex Ismail is named President and CEO of ACS, which will comprise Honeywell Building Solutions and the Energy, Safety, and Security (ESS) businesses (Environmental and Combustion Controls, Life Safety, the Security Group, Scanning & Mobility, Sensing and Control). Alex will report directly to Cote and will remain an Executive Officer of the Company.  Alex was previously President of the ESS businesses, a role that will not be replaced in ACS.  Prior to ESS, Alex served as President and CEO of Honeywell Transportation Systems based in Switzerland, successfully positioning the business for terrific growth.

Darius Adamczyk is named President and CEO of PMT, which now includes HPS, UOP, and Advanced Materials (Resins & Chemicals, Fluorine Products, and Specialty Products).  Darius will report directly to Cote and become an Executive Officer of the Company.  Darius was previously President of HPS, where he led a dramatic operational turnaround over the last 2 years, and prior to that, President of Honeywell Scanning & Mobility, a business unit of ACS, where he doubled the size of the business in only 4 years and significantly increased profitability.

Tom Szlosek becomes Senior Vice President and CFO, reporting directly to Cote, and an Executive Officer of the Company.  Tom was previously Vice President of Corporate Finance, and prior to that served as Vice President and CFO of ACS.  Tom brings corporate and business experience to the role and will be responsible for continuing the transformation of the Finance function and helping Honeywell continue to effectively drive profitable growth.

Dave Anderson, Senior Vice President and CFO, will retire after a decade of outstanding service at Honeywell. "Dave has played an integral role in the transformation of Honeywell with significant contributions to our improved financial and operating disciplines, reporting transparency, and credibility with investors. I truly appreciate all that Dave has done for our Company, our shareholders and our customers and wish him the best in his retirement endeavors," commented Cote.

"These changes are terrific examples of our ongoing commitment to evolving as a company, which includes the newly created Vice Chairman positions and the development of our highly capable management bench by presenting them with new and challenging growth opportunities that are aligned with the achievement of our new 5-year plan," concluded Cote.  "These leadership moves are another example of how the best is yet to come for Honeywell."

Starting with second quarter 2014 results, the Company will report financial performance based on the inclusion of HPS in PMT.  During the second quarter of 2014 the Company will revise its historical segment results to align with the new reporting structure for consistency going forward.

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges.  For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.


Investor Relations:

Robert C. Ferris

Elena Doom

(973) 455-3388

(973) 455-2222

[email protected]

[email protected]

SOURCE Honeywell

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
Most people haven’t heard the word, “gamification,” even though they probably, and perhaps unwittingly, participate in it every day. Gamification is “the process of adding games or game-like elements to something (as a task) so as to encourage participation.” Further, gamification is about bringing game mechanics – rules, constructs, processes, and methods – into the real world in an effort to engage people. In his session at @ThingsExpo, Robert Endo, owner and engagement manager of Intrepid D...
WebRTC adoption has generated a wave of creative uses of communications and collaboration through websites, sales apps, customer care and business applications. As WebRTC has become more mainstream it has evolved to use cases beyond the original peer-to-peer case, which has led to a repeating requirement for interoperability with existing infrastructures. In his session at @ThingsExpo, Graham Holt, Executive Vice President of Daitan Group, will cover implementation examples that have enabled ea...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service. Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...