Summary
Honeywell International Inc. (HON) announced on February 28, 2020, a significant addition to its Board of Directors: Retired U.S. Army General Raymond T. Odierno. This appointment brings a seasoned leader with extensive experience to the company's governing body. General Odierno, age 65, has been appointed as an independent Director and is expected to contribute to the Corporate Governance and Responsibility Committee upon his re-election at the upcoming 2020 Annual Meeting of Shareowners. Investors should note that General Odierno's appointment is part of Honeywell's ongoing efforts to strengthen its board's expertise and oversight. His compensation will align with the company's standard practices for non-employee directors, indicating a commitment to transparent and consistent governance. The company has provided a press release detailing this appointment as an exhibit to the filing, offering further context for stakeholders interested in the strategic implications of this board enhancement.
Key Highlights
- 1Appointment of Retired U.S. Army General Raymond T. Odierno to the Board of Directors as an independent Director.
- 2General Odierno's appointment is effective immediately as of February 28, 2020.
- 3He is expected to stand for re-election at the 2020 Annual Meeting of Shareowners on April 27, 2020.
- 4General Odierno is slated to join the Corporate Governance and Responsibility Committee upon re-election.
- 5His compensation will follow the company's standard non-employee director compensation practices.
- 6A press release detailing the appointment is attached as Exhibit 99.1.