Summary
This Form 8-K filing by Honeywell International Inc. (HON) on July 9, 2009, primarily announces a significant change in its senior finance leadership. Effective July 20, 2009, Kathleen A. Winters has been appointed as the new Vice President and Controller, and will assume the role of the company's principal accounting officer. Ms. Winters brings extensive internal experience to this position, having been with Honeywell since 2002 in various finance and planning roles. This appointment signifies a transition in key financial oversight for Honeywell. Investors should note that Ms. Winters' compensation will align with previously disclosed company plans. The report also notes the departure of the previous Controller, Talia M. Griep, who held the position since August 2007. This leadership change at the controller level is the main event reported in this filing and may be of interest to investors monitoring executive stability and financial reporting structure.
Key Highlights
- 1Kathleen A. Winters appointed Vice President and Controller, effective July 20, 2009.
- 2Ms. Winters will also serve as Honeywell's principal accounting officer.
- 3The appointment fills the vacancy left by Talia M. Griep, who held the role since August 2007.
- 4Ms. Winters has been a Honeywell employee since January 2002, holding various finance positions.
- 5Her prior roles include Corporate Vice President--Business Analysis and Planning and Vice President--Finance of the Specialty Materials business.
- 6Ms. Winters' compensation arrangements are consistent with previously disclosed company plans.