Industrial Automation Magazine India

Honeywell names Vimal Kapur to succeed Darius Adamczyk as CEO

Published on : Wednesday 15-03-2023

Under Adamczyks leadership, Honeywell continued to outperform market and peers, growing market capitalisation from $88 bn in 2016 to $145 bn in 2022, a 9% CAGR.

India, March 14, 2023 – Honeywell has announced that Vimal Kapur, President and Chief Operating Officer, will succeed Darius Adamczyk as Chief Executive Officer on June 1, 2023. Adamczyk, who became Chief Operating Officer in 2016, Chief Executive Officer in 2017 and Chairman in 2018, will continue to serve as Executive Chairman of Honeywell. Kapur was also appointed to the companys board of directors effective March 13, 2023. These moves ensure a seamless leadership transition and position Honeywell for continued outperformance versus peers.

Vimal is absolutely the right person to lead our company to the next level of growth and stellar performance, Adamczyk said. Vimal brings 34 years of deep knowledge about our businesses, end markets and customer needs. His ability to drive our key sustainability and digitalization strategic initiatives, along with his advancement of our world class operating system – Honeywell Accelerator – throughout the organisation, gives him an outstanding platform to drive continued outperformance for our shareowners. Honeywells next operational evolution, under Vimals leadership, will be the incorporation of Accelerator and standardisation of global business models to enable maximal performance in each business segment.

It is truly an honor to have the opportunity to serve as CEO of Honeywell under Darius leadership and the leadership of our world class board of directors, Kapur said. I have had the privilege to work in a variety of businesses and functions over my three decades with Honeywell. Our high-performance culture and exceptional talent set Honeywell apart from other companies, and our innovation inspires me every day by bringing technologies to market that impact the world in a positive way. Honeywell is playing a major role in making the world a better place, and I am both proud and humbled to take on the CEO role of this great company. I am looking forward to continuing to work with Darius and our board to continue to create value for our shareowners and our customers.

Honeywell delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Honeywell technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.