Honeywell International Inc. HON has appointed 34-year company veteran Vimal Kapur to succeed Darius Adamczyk as CEO. Kapur will assume the company’s reins on June 1 and was appointed to the company’s board of directors effective March 13, 2023, Honeywell said, in a statement released before market open. Adamczyk will continue to serve as the industrial company’s executive chairman. Honeywell’s stock rose 0.5% before market open. Kapur has been Honeywell’s COO since July 2022 and has also served as president and CEO of Honeywell Building Technologies and president of Honeywell Process Solutions. “Vimal brings 34 years of deep knowledge about our businesses, end markets and customer needs,” said Adamczyk, in the statement. “His ability to drive our key sustainability and digitalization strategic initiatives, along with his advancement of our world class operating system – Honeywell Accelerator – throughout the organization, gives him an outstanding platform to drive continued outperformance for our shareowners.” Honeywell’s stock has fallen 9.9% this year, compared with the S&P 500 Index’s SPX gain of 0.4%.
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