Honeywell revamps senior leadership team

22 Apr '14

5 min read

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 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.

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