MORRIS PLAINS, N.J.,
Feb. 14, 2018 /PRNewswire/ -- Honeywell (NYSE: HON) today
announced that its Board of Directors has nominated President and
CEO Darius Adamczyk to serve as
Chairman when current Chairman Dave
Cote retires at the end of April
2018. In addition, Duncan B.
Angove, 51, President of Infor, Inc. has been elected to
Honeywell's Board as an independent Director and will stand for
re-election at Honeywell's Annual Shareowners' Meeting on
April 23.
"We have a long track record of outstanding performance under a
unified leadership structure in which the roles of Chairman and CEO
were combined," said Jaime Chico
Pardo, Honeywell's Lead Director. "Following an evaluation
of the strength of Darius's character, the quality of his
leadership and the likelihood that his service as both Chairman and
CEO will enhance company performance, the Board concluded that
Darius will provide decisive strategic leadership and strong
execution of Honeywell's significant portfolio change and
deployment of our core technological strengths related to software,
data analytics and the Industrial Internet of Things. We are
confident that our highly independent Board and strong Lead
Director role can provide the appropriate support and oversight of
a combined Chairman and CEO."
Cote, who was Honeywell's Chairman and CEO until March 2017, said, "Darius has demonstrated the
ability to lead decisively in his prior roles at Honeywell and more
recently as CEO, where his strategic vision and clarity of purpose
have been amply displayed. The flawless transition to Darius's
leadership over the past two years has played a major role in
Honeywell's continued outperformance. I have no doubt that Darius
has the integrity, leadership attributes, skills and intellect to
lead Honeywell successfully as Chairman and CEO for many years to
come."
"It is a privilege and honor to be named Chairman with the full
support of Dave and our strong and capable Board," Adamczyk said.
"I look forward to working with our outstanding Board and
leadership team and our talented global workforce to continue to
accelerate Honeywell's organic growth, drive margin expansion and
provide increased value as the world's leading software-industrial
company. We are uniquely positioned to blend advanced software with
leading physical products to focus on high-growth end markets."
Adamczyk, 52, was named President and Chief Executive officer on
March 31, 2017, after having served
as Chief Operating Officer since early 2016. Prior to that, he
served as President and CEO of Honeywell Performance Materials and
Technologies (PM&T), a global leader in the development of
high-performance products and solutions, leading technologies for
the global refining and petrochemicals industry, and process
solutions. Before that, he was President of Honeywell Process
Solutions (HPS), a global leader in automation and control systems.
He became President of Honeywell Scanning & Mobility in 2008
when Metrologic, where he was Chief Executive Officer, was acquired
by Honeywell.
Prior to Honeywell, Adamczyk held several general management
assignments at Ingersoll Rand, served as a Senior Associate at Booz
Allen Hamilton and started his career as an electrical engineer at
GE. Adamczyk earned a bachelor's degree in electrical engineering
at Michigan State University, a
master's degree in computer engineering at Syracuse University, and an M.B.A. at Harvard
University.
Duncan Angove has served since
2010 as President of Products and Support at Infor Inc. (formerly
Infor Global Solutions), a privately-held $2.8 billion provider of enterprise software
products and services. Angove is responsible for R&D,
engineering, support, design agency, data science lab and Infor's
cloud business. Angove also held senior management roles at Oracle
Corporation (ORCL) and Retek after starting his career at Andersen
Consulting. He previously served on the Board of Directors of
8thBridge, Inc.
"Duncan is a proven leader in the technology industry, with
global experience in software and digital transformation for more
than two decades," Adamczyk said. "During his tenure at Infor, he
has continuously positioned the company for new growth, guided it
through changes in software distribution models and helped propel
it to become an industry innovator with results-driven data. Duncan
brings exceptional leadership and strong business acumen to
Honeywell's Board. We are confident in Duncan's abilities to
contribute to Honeywell's mission of building a smarter, safer and
more sustainable world."
Honeywell (www.honeywell.com) is a Fortune 100
software-industrial company that delivers industry specific
solutions that include aerospace and automotive products and
services; control technologies for buildings, homes, and industry;
and performance materials globally. Our technologies help
everything from aircraft, cars, homes and buildings, manufacturing
plants, supply chains, and workers become more connected to make
our world smarter, safer, and more sustainable. For more news and
information on Honeywell, please visit
www.honeywell.com/newsroom.
Contacts:
|
|
Media
|
Investor
Relations
|
Scott
Sayres
|
Mark
Macaluso
|
(480)
257-8921
|
(973)
455-2222
|
scott.sayres@honeywell.com
|
mark.macaluso@honeywell.com
|
View original
content:http://www.prnewswire.com/news-releases/honeywell-announces-darius-adamczyk-to-assume-chairman-title-in-april-2018-names-duncan-b-angove-to-board-of-directors-300598833.html
SOURCE Honeywell