8-KOther Events

HONEYWELL INTERNATIONAL INC 8-K Report (Feb 19, 2002)

Filed February 19, 2002For Securities:HONHONIV

Summary

Honeywell International Inc. announced a significant leadership transition with the immediate election of David M. Cote as President, CEO, and a member of the Board of Directors, effective February 18, 2002. Cote, previously the Chairman, President, and CEO of TRW, brings extensive experience from his 25-year tenure at General Electric. This move is a key development for the company's strategic direction and operational leadership. Lawrence A. Bossidy will continue as Chairman and a Board member until June 30, 2002, at which point he is expected to retire, and Cote will assume the Chairman role. This planned succession indicates a focus on continuity while bringing in new leadership to guide Honeywell's future growth and performance.

Key Highlights

  • 1David M. Cote appointed President, CEO, and Board member, effective immediately (February 18, 2002).
  • 2Cote was formerly Chairman, President, and CEO of TRW, a major player in space, defense, and automotive markets.
  • 3Cote has a strong background, having spent 25 years in various leadership roles at General Electric.
  • 4Lawrence A. Bossidy to remain Chairman until June 30, 2002, followed by retirement.
  • 5David M. Cote will assume the Chairman role after Bossidy's retirement on June 30, 2002.
  • 6This 8-K filing marks a formal announcement of a planned leadership succession at the highest levels of Honeywell.

Frequently Asked Questions

David M. Cote has been elected President, CEO, and a member of the Board of Directors of Honeywell, effective immediately.

David M. Cote most recently served as Chairman, President, and CEO of TRW. Prior to that, he held various management and leadership positions at General Electric for 25 years.

Lawrence A. Bossidy will remain Chairman until June 30, 2002, at which point he will retire. David M. Cote will then assume the role of Chairman.

This announcement signals a major leadership transition at Honeywell. The appointment of David M. Cote, with his extensive experience at TRW and GE, suggests a focus on strategic direction and operational performance under new leadership. The planned succession with Bossidy indicates a structured transition to ensure continuity.