01—Abstract
Summary
Summary of the 8-K filed August 19, 2026. Cited figures are marked; the original filing is the authoritative source.
Honeywell International (HON) filed an 8-K on August 19, 2026 disclosing executive leadership changes across its Process Automation & Technology (PA&T) and Building Automation (BA) businesses, effective October 1, 2026.
Billal Hammoud, currently President and CEO of Building Automation, will become President and CEO of Process Technology (PT), a component of PA&T. Juan Picon, currently President of Building Automation Americas, will succeed Hammoud as President and CEO of Building Automation. Ken West, the current PT President and CEO, is leaving the company on August 31, 2026 to pursue an external opportunity.
The filing is primarily a management-succession event rather than a financial disclosure. No financial results, guidance, compensation terms, or deal terms are included in the 8-K. The press release frames the moves as reflecting the depth of Honeywell's leadership bench and positions Hammoud to drive growth and profitability at PT, a business that the release does not quantify.
Hammoud's record at BA, where the company reports organic sales growth rising from 2%a in 2023 to 8% in 2025, is cited as the basis for his new assignment. For investors, the key items to monitor are execution continuity at PT following West's departure and whether Picon can sustain BA's growth trajectory, particularly in higher-growth verticals such as healthcare, hospitality and data centers. The filing does not indicate any change to financial guidance, and the press release does not state a reason for West's departure beyond an external opportunity.
02—Key points
Key Highlights
- Billal Hammoud, currently CEO of Building Automation, will become President and CEO of Process Technology (part of PA&T) effective October 1, 2026.
- Juan Picon, currently President of Building Automation Americas, will succeed Hammoud as President and CEO of Building Automation effective October 1, 2026.
- Ken West, current President and CEO of Process Technology, departs the company on August 31, 2026 to pursue an external opportunity.
- Hammoud and Picon will both be executive officers reporting to Chairman and CEO Vimal Kapur.
- Management credits Hammoud with lifting Building Automation organic sales growth from 2% in 2023 to 8% in 2025, cited as the basis for his promotion.
- The 8-K contains no financial results, guidance changes, or compensation terms for the appointed executives.
- Hammoud's background includes successful M&A integration, including the $4.95 billion acquisition of Access Solutions.
03—Questions
Frequently Asked Questions
Who is leaving Honeywell and when?
Ken West, President and CEO of Process Technology, will depart the company on August 31, 2026. The press release states he is leaving to pursue an external opportunity.
What are the new roles for Billal Hammoud and Juan Picon?
Hammoud moves from CEO of Building Automation to CEO of Process Technology, a component of the Process Automation & Technology segment. Picon moves from President of Building Automation Americas to CEO of Building Automation. Both changes are effective October 1, 2026.
Does this leadership change affect Honeywell's financial outlook?
The 8-K and press release do not include any updated financial guidance or quantify expected impacts on segment results. The filing is limited to leadership appointments and departures.
What is the track record of the incoming leaders?
Hammoud is credited with accelerating Building Automation's organic growth from 2% in 2023 to 8% in 2025 and leading seven consecutive quarters of high-single-digit organic growth. Picon led creation of a regional structure in the Americas and a shift toward healthcare, hospitality and data center verticals, and previously spent more than 18 years at Honeywell.
Are the executives' compensation or contract terms disclosed?
No. The 8-K does not disclose compensation, equity awards, or employment agreement terms for Hammoud, Picon, or West.
04—Continue