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Investing.com -- Ahead of its planned division into three separate entities, Honeywell International (NYSE:NASDAQ:HON) is expected to appoint an executive from Elliott Investment Management to its board, the Wall Street Journal reported on Wednesday.
Marc Steinberg, a partner at Elliott, is slated to join Honeywell’s board as an independent director and member of the audit committee, the report said.
Steinberg’s appointment is set to become effective by the end of this month.
In addition to Steinberg’s appointment, Honeywell and Elliott have agreed to a cooperation pact, the report said, adding that this agreement will provide Honeywell with standard protections regarding confidentiality and other related matters for a specified duration.
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