Honeywell International HON announced that company current president and chief operating officer, Vimal Kapur, will succeed Darius Adamczyk as the new chief executive officer (CEO), effective Jun 1. He has also been named to the board of directors of HON as of March 13. He has 34 years of experience working for Honeywell across multiple business models, sectors, geographic locations, and economic cycles. “The adoption of Accelerator and standardisation of global business models to enable maximal performance in each business segment” will be Kapur’s primary areas of attention as CEO.
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Adamczyk, meanwhile, was appointed chairman in 2018 and CEO in 2017. He will stay on as executive chairman of Honeywell. HON’s market capitalization increased by 9% CAGR from $88 billion to $145 billion under his leadership. Adamczyk will support company development, enterprise strategic planning, portfolio shaping, and international government interactions as executive chairman.
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