Press release
Honeywell Elects Vimal Kapur as Chairman and William S. Ayer as Independent Lead Director
Kapur to commence new role, effective June 2024Ayer, former Chair and CEO of Alaska Airlines, to succeed D. Scott Davis as Independent Lead Director,
About this update from Honeywell International Inc.
[{"type":"text","content":"Kapur to commence new role, effective June 2024Ayer, former Chair and CEO of Alaska Airlines, to succeed D. Scott Davis as Independent Lead Director, effective May 2024Executive Chairman Darius Adamczyk to step down from the board, effective June 2024CHARLOTTE, N.C., Feb. 1, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that its Board of Directors has elected CEO Vimal Kapur to take on the additional role of chairman when current executive chairman Darius Adamczyk retires from the board as of June 7, 2024. William S. Ayer has also been elected to succeed D. Scott Davis as independent lead director beginning as of the company's annual meeting on May 14, 2024. Davis, who has served as lead director since 2020, will continue to serve as an independent director and as Chair of the Audit Committee.\n\n \n \n \n \n \n \n\n \n\"The board is unified in its view that Vimal will provide decisive strategic leadership and strong execution of Honeywell's growth plans, capital deployment, succession planning and continuing operational excellence,\" said Davis, Honeywell's independent lead director. \"Additionally, we are confident that the robust governance authorities and responsibilities of our independent lead director, combined with Bill's thoughtful and extensive leadership, will enable our highly independent, diverse, and experienced board to provide effective support and oversight.\"\nAdamczyk, who was Honeywell's chairman and CEO until June 2023 when he became executive chairman, said, \"I would like to thank Scott for his service to Honeywell as lead director. His independent perspectives and counsel as Honeywell successfully navigated the unprecedented macro challenges of the past four years, and his leadership throughout the CEO succession planning and smooth transition process have been invaluable to me, Vimal and the entire management team.\"\n\"It is a privilege and honor to be named chairman with the full support of Darius and our independent directors,\" Kapur said. \"I look forward to working with Bill, our outstanding board and leadership team and our talented people to continue accelerating Honeywell's growth aligned with three powerful megatrends--automation, the future of aviation and energy transition--each of which is underpinned by robust digitalization capabilities and solutions.\"\nHe added, \"Accelera...