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.