Welcome!

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.

Media:

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
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
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 smart...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.