Honeywell Names CEO Vimal Kapur To Take On Additional Role Of Chairman When Current Executive Chairman Darius Adamczyk Retires From Board As Of June 7, 2024
Portfolio Pulse from Benzinga Newsdesk
Honeywell announced that CEO Vimal Kapur will also become Chairman when Darius Adamczyk retires from the board on June 7, 2024. William S. Ayer will succeed D. Scott Davis as independent lead director from May 14, 2024.
February 01, 2024 | 11:09 am
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Honeywell's CEO Vimal Kapur is set to take on the additional role of Chairman in June 2024, with leadership changes also including William S. Ayer becoming the independent lead director in May 2024.
Leadership transitions often signal stability and planned succession, which can be positively received by the market. The appointment of experienced executives to key positions suggests a smooth transition and continued strategic direction, likely fostering investor confidence in Honeywell's future.
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