Honeywell CEO honored by Barron’s
MELVILLE, N.Y.—Honeywell CEO Dave Cote was recently added to the Barron’s World’s Best CEO in 2013 list, according to a company statement.
Cote is credited with building a strong 10-year track record of financial performance, which includes increasing sales by 71 percent to $37.7 billion and free cash flow by 66 percent to $3.7 billion. He also helped deliver a total shareowner return of 240 percent, the statement said.
“At Honeywell, the runway is long and the tail winds are strong,” according to the Barron’s statement. “There has been no letup on the throttle since Cote came on board in 2002, masterfully remaking a money-losing mishmash of businesses into a profitable leader in technology and manufacturing.”
The World’s Best CEOs list was created based on the views of Barron’s reporters and editors, along with insights from investors, analysts and industry executives. Shareholder returns were a key criterion, along with financial soundness, employee motivation, innovation, and maintaining consistent profit growth and shareholder gains, the statement noted.