MOSCOW (MRC) -- Honeywell says that president and COO Darius Adamczyk will succeed Dave Cote as CEO on 31 March 2017, said the company in its press release.
Cote, who has been chairman and CEO of Honeywell since 2002, will continue as executive chairman until the company’s annual meeting in April 2018.
Adamczyk, 50, was named president and COO earlier this year. Prior to that, he served as CEO of Honeywell Performance Materials and Technologies (PM&T), the company’s USD9.3-billion materials, chemicals and process solutions business.
Adamczyk will take up his new role on March 31, while Cote, who has led Honeywell for 14 years, will continue as executive chairman until the annual shareowners meeting in April 2018.
Honeywell, a U.S. manufacturer of aerospace parts and climate control systems, earlier this year bid for United Technologies Corp but the offer was rebuffed.
As MRC infromed earlier, in mid-June, Honeywell UOP has opened a new production line at its catalyst manufacturing facility in Shreveport, Louisiana.
Honeywell UOP has an 80-year history in China, beginning in 1937 when it built one of China’s first refineries in Yumen. It was one of the first American companies invited back to China during the 1970s, to help modernize the Chinese petroleum industry. More recently, Honeywell UOP hydroprocessing and Platforming technology has helped China develop cleaner-burning transportation fuels to combat air pollution.
MRC