[Avionics Magazine 06-29-2016] Honeywell has announced that its current President and Chief Operating Officer, Darius Adamczyk, will succeed Dave Cote as CEO on March 31, 2017. Cote, who has been Honeywell’s chairman and CEO since 2002, will continue as executive chairman until the company's annual shareowners meeting in April 2018. After that, Cote will start a five-year consulting and non-compete agreement with Honeywell.
Darius Adamczyk. Photo: Honeywell International.
"We have a long runway to accelerate organic growth and drive margin expansion with new offerings that blend our leading domain expertise with our advanced software capabilities to improve the quality of lives, enhance safety and comfort, and drive energy efficiency and productivity — all global macro trends that are big today and will only get bigger tomorrow. Software will represent a big portion of our growth over the next several years, which is why about half of our 23,000 engineers globally are software engineers," Adamczyk said.
Adamczyk, 50, was named president and chief operating officer earlier this year. Prior to that, he served as president and CEO of Honeywell Performance Materials and Technologies (PM&T).