Summary
Honeywell International Inc. announced a significant leadership transition within its Performance Materials and Technologies (PMT) segment and its Honeywell Building Technologies (HBT) segment. Rajeev Gautam, the current CEO of PMT, will retire on August 13, 2021, but will remain with the company in a President Emeritus role until January 2022 to ensure a smooth transition and support the Honeywell UOP business. This transition is aimed at facilitating continuity and maintaining growth. The company has appointed Vimal Kapur, formerly CEO of HBT, to succeed Mr. Gautam as CEO of PMT. Mr. Kapur brings extensive experience within both the PMT and HBT segments, having previously led Honeywell Process Solutions (HPS) within PMT and most recently HBT. Concurrently, Doug Wright, who joined Honeywell in July 2020 and led HBT's Fire and Security business, has been appointed as the new CEO of HBT, succeeding Mr. Kapur. These appointments are effective immediately and are designed to leverage existing leadership strengths to drive future performance.
Key Highlights
- 1Rajeev Gautam, CEO of Performance Materials and Technologies (PMT), announced his retirement effective August 13, 2021.
- 2Mr. Gautam will transition to a President Emeritus role until the end of January 2022, focusing on customer transitions and growth in the Honeywell UOP business.
- 3Vimal Kapur has been appointed as the new President and CEO of PMT, succeeding Mr. Gautam.
- 4Mr. Kapur previously served as CEO of Honeywell Building Technologies (HBT) and held leadership roles within PMT, including leading Honeywell Process Solutions (HPS).
- 5Doug Wright has been appointed as the new President and CEO of HBT, succeeding Mr. Kapur.
- 6Mr. Wright joined Honeywell in July 2020 and previously led HBT's Fire and Security business, with prior experience at United Technologies.
- 7The appointments of Mr. Kapur and Mr. Wright are effective immediately.