MORRIS TOWNSHIP, N.J., April 29, 2009 -- Honeywell (NYSE: HON) today
announced that Alexandre Ismail has been named President and CEO of its $4.6
billion Transportation Systems (TS) business, effective immediately.
Ismail, 44, succeeds Adriane Brown who will move into a newly created role as
Senior Vice President Energy Strategy. She will be responsible for developing
and coordinating energy policy and marketplace strategies across all
Honeywell’s businesses and functions. Both Ismail and Brown will report to
Honeywell’s Chairman and CEO Dave Cote.
“We continue to build depth and strengthen our management team with leaders
that have industry, technical, and business expertise,” said Cote. “We’re
counting on both Adriane and Alex to continue to make significant contributions
to the long-term success of the company.”
“Alex is a veteran of the transportation industry,” continued Cote. “He joined
Honeywell Turbo Technologies in 1999, and was appointed President, Global
Passenger Vehicles in 2006. Alex has helped manage the business during periods
of tremendous growth, positioning Honeywell as the world’s leading manufacturer
of turbochargers. He will continue to drive growth of turbochargers globally,
while improving their adoption in the United States, where turbochargers are
found only on 5% of light vehicles compared to 51% in Europe.”
“Alex’s experience will best guide the business through this challenging period
and position the entire TS business -- Turbo Technologies, Consumer Products
Group, and Friction Materials -- for improved and sustained performance over
the long-term,” said Cote.
Ismail was previously President of Honeywell Turbo Technologies, a position he
has held since November 2008 when the business combined its passenger and
commercial vehicle divisions into a single global structure. He has also served
Honeywell Turbo Technologies as Worldwide Director, Marketing and Business
Development; Vice President EMEA, Sales and Customer Management; and Vice
President and General Manager for EMEA and India.
Ismail also spent several years in Honeywell’s aerospace businesses where he
held senior marketing and strategic planning positions. He holds a B.A. in
Finance from the University of Dauphine (France), and an MBA from the HEC
School of Management in France. He is a certified Six Sigma Black Belt.
“Adriane has made many terrific contributions to TS since 2005, even as the
automotive industry faced one of the most challenging periods in its history,”
concluded Cote. “With 50% of Honeywell’s product portfolio delivering energy
efficiency benefits, we’re excited for Adriane to lead a Honeywell-wide
initiative to expand our opportunities in this exciting and fast growing
segment of the global economy.”
As Senior Vice President Energy Strategy, Adriane will ensure alignment and
coordination of Honeywell’s energy efficiency activities across the company’s
entire business portfolio. She will also help to identify and promote new
opportunities that can be leveraged across the businesses or in new markets and
product areas.
Honeywell offers many energy efficiency solutions across its four businesses.
In fact, if the U.S. could just immediately and comprehensively adopt the
products Honeywell has already designed and are in the marketplace today, the
country’s energy consumption could be reduced by 15 - 20%. These energy savings
can be achieved without reducing services to end customers and will result in a
reduction in Green House Gas Emissions commensurate with the reduction in
energy consumption.
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
Murray Grainger
(973) 455-2222
murray.grainger@honeywell.com