Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company™s CEO, effective March 31, 2017.
Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell™s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with the firm, the company said Tuesday.
œDarius is absolutely the right person to lead our company into a new era where we will need to keep evolving to become even more global, more of a software company, and more nimble, said Cote, who has been chairman and CEO since 2002.
Adamczyk previously served as president and CEO of Honeywell™s performance materials and technologies business prior to his appointment as president and COO in April.
He also served as president of Honeywell™s process solutions business and was appointed to lead the company™s scanning and mobility business following the acquisition of Metrologic in 2008.
Adamczyk began his career at General Electric (NYSE: GE) as an electrical engineer, held management positons at Ingersoll Rand (NYSE: IR) and served as a senior associate at Booz Allen Hamilton (NYSE: BAH).
Chico Pardo, a member of the board of directors at Honeywell, has been selected by the company™s board to serve as lead director for a two-year term and will work with other members of the board™s management development and compensation committee to make changes to the firm™s compensation plans.
Honeywell dropped its plans to merge with United Technologies Corp. (NYSE: UTX) in March citing disagreement over the characterization of customer and regulatory risks related to the proposed deal.
