Summary
Honeywell International Inc. (HON) announced a significant leadership change within its Aerospace segment through an 8-K filing. Effective October 15, 2019, Michael Madsen has been appointed as the new President and CEO of Honeywell Aerospace. Mr. Madsen brings a wealth of experience to this role, having previously served as Vice President of Integrated Supply Chain for the Aerospace division and leading its Defense and Space unit. His deep operational and engineering background within Honeywell, spanning over two decades, positions him well to lead this critical business segment. Concurrently, Timothy Mahoney, the outgoing President and CEO of Honeywell Aerospace, has been appointed to the newly created role of Senior Vice President, Enterprise Transformation. This new position will see Mr. Mahoney spearhead Honeywell's global digitization initiative, focusing on enhancing customer service and operational efficiency. This strategic realignment signals Honeywell's ongoing commitment to innovation and operational excellence across its enterprise, with a particular emphasis on digital transformation.
Key Highlights
- 1Michael Madsen appointed President and CEO of Honeywell Aerospace, effective October 15, 2019.
- 2Madsen has extensive experience within Honeywell Aerospace, including leadership roles in Integrated Supply Chain and Defense and Space.
- 3Madsen's background includes engineering expertise and leadership in various product development areas.
- 4Timothy Mahoney transitions from President and CEO of Honeywell Aerospace to Senior Vice President, Enterprise Transformation.
- 5Mahoney will lead Honeywell's global digitization initiative, focusing on customer service and efficiency improvements.
- 6This leadership change is effective October 15, 2019.