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CHARLOTTE, N.C. - Honeywell (NASDAQ: HON), a $137.38 billion market cap industrial conglomerate currently trading near its InvestingPro Fair Value, has appointed Stephen Williamson, Senior Vice President and Chief Financial Officer of Thermo Fisher Scientific, as an independent Director and member of the Audit Committee, effective today.
Williamson, 58, has served as CFO of Thermo Fisher since August 2015, overseeing finance, tax, M&A, treasury, and global business services. His tenure at Thermo Fisher began in July 2001, where he advanced through several finance leadership roles. His previous experience includes various finance positions at Honeywell, including Vice President and CFO for Asia Pacific, and corporate development and operational finance roles. Williamson’s career started with Price Waterhouse in their transaction support group and audit practice.
Vimal Kapur, Chairman and CEO of Honeywell, expressed enthusiasm about Williamson’s addition to the board, citing his "extensive financial expertise and significant international business experience." Kapur highlighted Williamson’s industry knowledge and M&A experience as particularly beneficial for Honeywell’s global growth and innovation strategies.
Williamson is a University of Wales alumnus with a bachelor’s degree in accounting and finance and is a member of the Institute of Chartered Accountants of England and Wales.
Honeywell is an integrated operating company that addresses megatrends such as automation, the future of aviation, and energy transition through its diverse business segments. The company aims to provide solutions and innovations for a smarter, safer, and more sustainable world. With a strong financial profile including a 38.09% gross profit margin and 14 consecutive years of dividend increases, Honeywell maintains a FAIR financial health rating according to InvestingPro analysis, which offers 8 additional key insights about the company’s performance and prospects.
This board appointment announcement is based on a press release statement from Honeywell. The company’s forward-looking statements involve risks and uncertainties, including macroeconomic and geopolitical challenges, and there is no guarantee that the plans or projections will be realized. Investors seeking deeper insights can access Honeywell’s comprehensive Pro Research Report, available exclusively on InvestingPro, which provides detailed analysis of the company’s financial health, valuation metrics, and growth prospects.
In other recent news, Honeywell International Inc. has announced the acquisition of Sundyne from Warburg Pincus for $2.16 billion in cash. This acquisition is expected to enhance Honeywell’s Energy and Sustainability Solutions segment by integrating Sundyne’s engineered pumps and gas compressors into its offerings. The deal is projected to immediately contribute to Honeywell’s sales growth, segment margins, and adjusted earnings per share in the first year following the acquisition. Additionally, Honeywell has unveiled leadership changes for its upcoming spin-off, Solstice Advanced Materials, with Dr. Rajeev Gautam as Chairman and David Sewell as President and CEO. The spin-off, which reported nearly $4 billion in revenue last year, is set to focus on specialty chemicals and materials. In executive transitions, Mike Stepniak has been appointed as Honeywell’s new Senior Vice President and CFO, while Gregory P. Lewis transitions to Senior Vice President, Transformation and Senior Advisor. Honeywell’s strategic moves, including the planned separation of its Aerospace Technologies business, reflect its ongoing portfolio transformation efforts. These developments are part of Honeywell’s broader strategy to drive growth and align with industry megatrends.
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