01—Abstract
Summary
Summary of the 8-K filed September 5, 2024. Cited figures are marked; the original filing is the authoritative source.
Honeywell International Inc. (HON) has announced a significant leadership transition in its financial department.
Effective after the company's Q4 and full-year 2024 results announcement, Michael Stepniak will assume the role of Senior Vice President and Chief Financial Officer, succeeding Greg Lewis. This change represents a planned succession and an internal promotion for Mr. Stepniak, who currently holds the position of Vice President and Chief Financial Officer for Honeywell's Aerospace Technologies segment. Investors should note that Mr. Stepniak's prior experience within a key business segment like Aerospace Technologies could bring valuable insights to his new role overseeing the company's overall financial strategy.
02—Key points
Key Highlights
- Michael Stepniak appointed as the new Senior Vice President and Chief Financial Officer (CFO).
- Greg Lewis will transition from CFO to Senior Vice President, Honeywell Accelerator and Senior Advisor.
- The leadership change is scheduled to occur after Honeywell announces its fourth quarter and full-year 2024 financial results.
- Mr. Stepniak currently serves as CFO of Honeywell's Aerospace Technologies segment.
- Mr. Stepniak will serve as Vice President, Finance from October 7, 2024, until the formal transition.
- This is a planned succession, indicating internal development and continuity.
03—Questions
Frequently Asked Questions
What is the primary reason for this leadership change at Honeywell?
This is a planned succession. Michael Stepniak is being promoted to CFO, taking over from Greg Lewis, who will move into a new strategic advisory role. The transition is designed to ensure continuity and leverage internal talent.
When will this CFO transition officially take place?
The transition is expected to occur following Honeywell's announcement of its fourth quarter and full-year financial results for the 2024 fiscal year.
What is Michael Stepniak's background, and how might it benefit Honeywell as CFO?
Michael Stepniak currently serves as the Vice President and Chief Financial Officer of Honeywell's Aerospace Technologies segment. His experience in a major, high-growth segment of the company is expected to provide him with deep operational and financial understanding that will be valuable in his new role as Chief Financial Officer.
What will Greg Lewis be doing after stepping down as CFO?
Following the transition, Greg Lewis will assume the role of Senior Vice President, Honeywell Accelerator and Senior Advisor. This suggests he will continue to contribute to the company in a strategic capacity.
04—Continue