Honeywell announced several senior leadership changes reflecting its continued evolution, global growth, and development of leadership.
Alex Ismail, President and CEO, Transportation Systems (TS), will become President, Energy, Safety, and Security (ESS), a newly-created leadership position, which includes five businesses -- Environmental and Combustion Controls, Life Safety, Security Group, Scanning & Mobility, and Sensing and Control -- within Automation and Control Solutions (ACS) and represents $8 billion or approximately 50% of total 2012 ACS sales. Alex will report to Roger Fradin, President and CEO of ACS, and will remain an Executive Officer of the company. Building Solutions and Process Solutions will continue to report directly to Roger. Alex will transition from TS to ACS over the next six weeks, with his official start date in ACS on May 20.
Terrence Hahn, who currently serves as Vice President and General Manager, Fluorine Products within Performance Materials and Technologies (PMT), will succeed Alex as President and CEO, Transportation Systems. Terrence will report to Chairman and CEO Dave Cote and become an Executive Officer of Honeywell. He will transition from PMT to TS over the next six weeks and his official start date in TS is May 20.
Tom Szlosek has been named Vice President, Corporate Finance, reporting to Dave Anderson, Senior Vice President and CFO. Tom becomes an Officer of the company and will have responsibility for Treasury, Tax, Investor Relations, Audit, Business Analysis and Planning, and Finance Operations (Functional Transformation). Greg Lewis succeeds Tom as Vice President and CFO of ACS. Greg most recently served as Vice President and CFO for Process Solutions within ACS. Dave will continue as Honeywell CFO with direct responsibility for the Global Finance function of the company and the strategic business groups (SBGs), Controllership, Corporate Development, Pension, and Real Estate.
“These senior leadership changes are terrific examples of our ongoing commitment to evolving as a company, which includes the development of our leaders by presenting them with new and challenging growth opportunities,” continued Cote. “Each of the leaders has a strong track record of global leadership, robust business performance, and championing change at Honeywell. We look forward to their continued contribution in their new roles.”
“Honeywell is on a terrific path forward,” concluded Cote. “Our relentless focus on execution and results has delivered a performance track record that has benefited our employees, customers, and shareowners. The executive moves announced today are a step forward and another example of how the best is yet to come for Honeywell.”
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