8-KLeadership Changes

HONEYWELL INTERNATIONAL INC 8-K Report, Executive Changes (Jul 26, 2019)

Filed July 26, 2019For Securities:HONHONIV

Summary

This 8-K filing announces a key executive change within Honeywell International Inc. (HON), specifically the appointment of Robert Mailloux as the new Vice President and Controller, and therefore the Company's Principal Accounting Officer. This appointment is effective immediately as of July 26, 2019. Mr. Mailloux brings a wealth of experience, having previously held the role of Corporate Controller and Principal Accounting Officer at Freddie Mac, along with other senior leadership positions focused on operational risk. His background suggests a strong understanding of financial controls and reporting, which is crucial for this role.

Key Highlights

  • 1Robert Mailloux appointed Vice President and Controller, effective immediately.
  • 2Robert Mailloux will also serve as Honeywell's Principal Accounting Officer.
  • 3Mr. Mailloux replaces John J. Tus, who is retiring from the Company.
  • 4Mr. Tus had served as interim Vice President and Controller since June 2018.
  • 5Mailloux joins Honeywell from Freddie Mac, where he held senior financial and accounting leadership roles.
  • 6Mailloux's prior experience includes serving as Corporate Controller and Principal Accounting Officer at Freddie Mac.
  • 7Mailloux will participate in previously disclosed compensation plans.

Frequently Asked Questions

Robert Mailloux has been appointed as the new Vice President and Controller, and will also serve as the Company's Principal Accounting Officer, effective immediately.

His appointment is significant as he will hold the key role of Principal Accounting Officer, responsible for the accuracy and integrity of Honeywell's financial reporting. His prior experience as a Corporate Controller and Principal Accounting Officer at Freddie Mac suggests a strong command of accounting principles and regulatory compliance.

John J. Tus, who served as interim Vice President and Controller since June 2018, is retiring from the Company. Mr. Mailloux succeeds him in this role.

According to the filing, Mr. Mailloux will participate in compensation plans that have been previously disclosed or filed by the Company, indicating no immediate change in his compensation structure relative to standard company practices.