SecurityWorldMarket

12/06/2018

New President and CEO of Honeywell Building Technologies

Morris Plains, NJ

Vimal Kapur has been named as President and CEO of Honeywell's Building Technologies. He will succeed Gary Michel, who has announced plans to leave Honeywell to become CEO of a non-competing publicly traded company. Kapur will serve as a Company officer and report to Chairman and CEO Darius Adamczyk.

Kapur, a long-time Company leader with an established track record of success within Honeywell Process Solutions (HPS) as well as business units within Building Technologies, will also oversee Honeywell's Homes business, with newly appointed President and CEO Michael G. Nefkens reporting to him until that business spins later this year. Building Technologies will be a strategic business group that remains with Honeywell after the anticipated Homes spin.

"Vimal is an outstanding leader who has proven his ability to consistently drive outstanding business results by thoroughly understanding the markets he serves and generating tremendous value for his customers," Adamczyk said. "He has been a big leader of our transformation to becoming a premier software-industrial company with his focus on expanding our Connected Plant offerings and driving breakthrough growth areas such as our rapidly growing Cyber Security business. He has also been effective in integrating businesses such as Elster and Thermal Solutions into the Process Solutions portfolio – all to the benefit of our customers. I have no doubt that Vimal will apply his insights and experience to the Buildings industry and spearhead a wide range of growth platforms for Honeywell."

Adamczyk added, "We regret losing a talented leader like Gary Michel, who has made significant strides in improving the performance of Home and Building Technologies since joining Honeywell last year. Gary is excited about the opportunity to be CEO of a public company, and we wish him all the best in his new endeavour."

Honeywell also announced that John Rudolph will succeed Kapur as HPS President.


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