MORRIS TOWNSHIP, NJ, January 7, 2010 – Honeywell (NYSE: HON) today
announced that Kevin Burke, 59, chairman, president, and chief executive
officer of Consolidated Edison, Inc. (Con Edison), has been elected to its
Board of Directors. He will serve on the Audit and Retirement Plans
Committees.
“Kevin’s extensive public company management experience and background in
engineering and law make him a valuable addition to our Board of Directors,”
said Honeywell Chairman and Chief Executive Officer Dave Cote. “His analytical
business approach can help Honeywell build on its core strengths and further
establish our great positions in good industries. Adding his customer-focused
mindset to our already strong Board is important as we continue to
differentiate Honeywell through our technology offerings and build on our
leadership position in energy efficiency products and services.”
Nearly 50% of Honeywell’s product portfolio company-wide is linked to energy
efficiency. The company estimates that U.S. energy consumption could be reduced
by 15 to 20% by using existing Honeywell technologies.
Burke joined Con Edison in 1973 and has held positions of increasing
responsibility in system planning, engineering, law, nuclear power,
construction, and corporate planning. He served as senior vice president, with
responsibility for customer service and for Con Edison's electric transmission
and distribution systems.
In 1999, Burke was elected president of Orange and Rockland Utilities, Inc., a
subsidiary of Con Edison. He was elected president and chief operating officer
of Consolidated Edison Company of New York in 2000, was appointed president and
chief executive officer of Consolidated Edison, Inc. in 2005, and elected
chairman in 2006.
Burke serves on the boards of directors of a number of industry organizations,
including the American Gas Association, the Edison Electric Institute, and the
New York State Energy Research and Development Authority.
Burke holds a master's degree in business policy from Columbia University, a
juris doctor from Fordham University, a master's degree in engineering from
Rensselaer Polytechnic Institute, and a bachelor's degree in engineering from
The Cooper Union. He completed the Advanced Management Program at Harvard
University in 2005.
Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology
and manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in Morris
Township, N.J., Honeywell’s shares are traded on the New York, London, and
Chicago Stock Exchanges. For more news and information on Honeywell, please
visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking
statements” within the meaning of Section 21E of the Securities Exchange Act of
1934. All statements, other than statements of historical fact, that address
activities, events or developments that we or our management intends, expects,
projects, believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain assumptions
and assessments made by our management in light of their experience and their
perception of historical trends, current economic and industry conditions,
expected future developments and other factors they believe to be appropriate.
The forward-looking statements included in this release are also subject to a
number of material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors affecting our
operations, markets, products, services and prices. Such forward-looking
statements are not guarantees of future performance, and actual results,
developments and business decisions may differ from those envisaged by such
forward-looking statements.
Contacts:
Media
Robert C. Ferris
(973) 455-3388
rob.ferris@honeywell.com
Investor Relations
Elena Doom
(973) 455-2222
elena.doom@honeywell.com