Tag: Honeywell Aerospace Technologies
Honeywell details company restructuring
February 12, 2025Cory Harris, Editor
CHARLOTTE, N.C.—Honeywell’s Q4 and full-year 2024 results met or exceeded updated guidance, but during a recent conference call, that performance took a back seat to the announcement of a companywide restructuring.
During the call on Feb. 6, the company announced it intends to separate its Automation and Aerospace Technologies business units as part of a comprehensive portfolio evaluation that was launched a year ago by Chairman and CEO Vimal Kapur and was recently completed....
Honey, I shrunk the company
February 12, 2025Ken Showers, Managing Editor
This week in industry news, Honeywell honeycombs into three distinct hives full of busy bees, but the buzz around the move indicates a bumble.
Last week Honeywell made good on months of speculation that the company would bow to pressures from an activist investor and spun out into three separate divisions. Those divisions are its aerospace, advanced materials, and home automation divisions.
So, while this split rolls back the meter a bit on Honeywell’s conglomeration, it is also theoretically...
Honeywell announces creation of three separate companies
February 6, 2025SSN Staff
CHARLOTTE, N.C.—Honeywell has announced the completion of a comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies.
The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed companies with distinct strategies and growth drivers. The separation is intended to be completed in the second...
Elliott Investment Management calls for breakup at Honeywell
November 12, 2024SSN Staff
WEST PALM BEACH, Fla. — Activist investor group Elliott Investment Management has built a $5 billion dollar investment in Honeywell International inc. and is calling for the company to simplify its conglomerate structure.
In a letter addressed to the Honeywell board of directors, Elliott outlined that while the company has been an “…iconic pillar of the American industrial complex,” it has recently shown signs of inconsistent financial performance and uneven...
Honeywell names Mike Stepniak as incoming CFO
September 5, 2024SSN Staff
CHARLOTTE, N.C.—Honeywell International Inc. has announced that Mike Stepniak, who currently serves as vice president and chief financial officer for Honeywell Aerospace Technologies, will succeed Greg Lewis as senior vice president and chief financial officer following the company's announcement of its fourth quarter and full-year financial results for fiscal year 2024.
Until the transition is complete, Stepniak will serve as vice president, corporate finance. Upon...