honeywell international inc. (LON:HON) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 31, 2018, Honeywell International Inc. (the “Company”) announced that Vimal Kapur has been named President and CEO of Building Technologies, effective immediately. Mr. Kapur will serve as a Company officer and report to Chairman and CEO Darius Adamczyk.

Mr. Kapur, a long-time Company leader with an established track record of success within Honeywell Process Solutions (HPS) as well as business units within Building Technologies, will also oversee Honeywell’s Homes business, with newly appointed President and CEO Michael G. Nefkens reporting to him until that business spins later this year. Building Technologies will be a strategic business group that remains with Honeywell after the anticipated Homes spin.

Mr. Kapur was named in 2014 as President of HPS, a pioneer in providing automation control, software, field devices and services to process manufacturers in industries such as oil and gas, refining, pulp and paper, petrochemicals, and metals, minerals and mining. Under Mr. Kapur’s leadership, HPS has expanded margins while outperforming its peer group substantially. Mr. Kapur led HPS through a tough oil and gas downturn in 2015, and the business emerged as an even stronger competitor with a pipeline of innovative new offerings.

Previously, Mr. Kapur served as Vice President/General Manager of the Advanced Solutions line of business for HPS, where he built the foundation of a very strong software business that now is being transformed as Honeywell Connected Plant. Mr. Kapur has held several other key leadership positions during his 29 years at Honeywell, including Managing Director for Honeywell Automation India Limited (HAIL), where he led the former Automation and Control Solutions business, which was a forerunner of Building Technologies. In this role, Mr. Kapur led rapid growth in India of Honeywell Business Services (HBS) and Environmental and Combustion Controls (ECC), which are both components of Building Technologies. Mr. Kapur graduated from Thapar Institute of Engineering in Patiala, India, as an electronics engineer with a specialization in instrumentation.

Mr. Kapur succeeds Gary Michel, who communicated on May 30, 2018 his intention to leave Honeywell to become CEO of a non-competing publicly traded company.