The division of business groups resonates with the three major development trends

The updated organizational structure will include four business groups, supported by the Honeywell Accelerator operating system and the Honeywell Connected Enterprise integrated software platform, enabling Honeywell to better serve its customers. And enable the company to perform well in any environment.

Aerospace Technologies: Honeywell’s aerospace products are used on virtually every commercial aircraft platform in the world and will continue to lead the future of aviation, including advancing advanced air mobility and achieving greater sustainability through aircraft electrification.

Industrial Automation: Building on a more than 50-year history in industrial automation, Honeywell empowers process industrial operations to build leading sensor technology that facilitates supply chain automation, makes warehouses smarter, and improves worker safety. Building on our core strengths in control and automation technologies, this combined business will help customers achieve better business outcomes and drive Honeywell’s growth.

Building Automation: Through hardware, software, sensors and data analytics, Honeywell helps customers transform buildings into integrated, safe and more sustainable assets. Honeywell’s solutions and services are used in more than 10 million buildings worldwide, and the Smart Building Technologies Group will continue to strengthen Honeywell’s position in end markets such as hospitals, airports, educational facilities and data centers.

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Energy and Sustainability Solutions: For decades, Honeywell has focused on sustainability to help drive the energy transition, increase resilience and efficiency, reduce greenhouse gas emissions, and promote a circular economy. Honeywell’s expertise in this area will continue to help solve the toughest global challenges in all end markets.

Appointment of leaders of the new business group

Effective January 1, 2024, Lucian Boldea will serve as President and Chief Executive Officer of the Intelligent Industrial Technologies Group, and Ken West will serve as President and Chief Executive Officer of the Energy and Sustainable Technologies Group. Both Lu Cheng and Wei Sicheng will report to Ke Weimao and serve as senior executives of the company.

Billal Hammoud will continue as president and CEO of the Smart Building Technologies Group, and Jim Currier will continue as president and CEO of the renamed Aerospace Technologies Group. Kevin Dehoff will continue to serve as President and Chief Executive Officer of Honeywell’s Enterprise Intelligence business.

“Our business group leaders will be well positioned to lead Honeywell through organic and non-organic growth.” “They have deep insight into their customers and end markets and are able to deliver strong performance across their industries. With their extensive experience and drive to create value for customers and shareholders, they will be a strong driver of Honeywell’s future growth.”