CHARLOTTE, N.C. - Honeywell International Inc. (NASDAQ: NASDAQ:HON), a $143 billion industrial conglomerate with a strong financial health rating according to InvestingPro, has announced the appointment of Stacey Bernards as Senior Vice President, Head of Global Government Relations, effective March 1, 2025. She will be taking over from the retiring Jim Carroll and will report to Anne Madden, Senior Vice President and General Counsel.
Bernards, who is transitioning from her role as Vice President Government Relations for Honeywell Energy and Sustainability Solutions, has a long history of working at the intersection of the private sector and government. Her career includes a 12-year tenure on Capitol Hill before joining Honeywell in November 2011. She has since held various leadership positions within the company's Government Relations across different regions and business units.
Vimal Kapur, Honeywell Chairman and Chief Executive Officer, praised Bernards for her extensive experience and achievements, citing her deep understanding of policy and her track record in advancing Honeywell's priorities globally.
Jim Carroll, who joined Honeywell in 2017, will continue to serve as a Senior Advisor to Madden and the Government Relations team until the end of May 2025 to support the transition. Kapur recognized Carroll's contributions to Honeywell, highlighting his strategic mindset and the significant policy outcomes and commercial wins he helped secure for the company.
Honeywell, known for its diversified technology and manufacturing, operates in various sectors, including aerospace technologies, industrial automation, building automation, and energy and sustainability solutions. With annual revenue of $37.85 billion and a track record of 40 consecutive years of dividend payments, the company aligns its business with megatrends like automation, the future of aviation, and energy transition, leveraging its Honeywell Accelerator operating system and Honeywell Forge IoT platform. According to InvestingPro analysis, Honeywell maintains a moderate debt level and strong liquidity position, with current assets exceeding short-term obligations.
This leadership change comes as Honeywell continues to focus on providing innovative solutions to complex global challenges, aiming to enhance safety, security, and sustainability. With a healthy gross profit margin of 37.6% and strong return metrics, the company appears well-positioned for future growth. InvestingPro subscribers have access to 12 additional key insights about Honeywell's financial position and market outlook through detailed Pro Research Reports, helping investors make informed decisions about this prominent industrial player.
The information in this article is based on a press release statement from Honeywell International Inc.
In other recent news, Honeywell International is considering strategic changes, including a possible separation of its Aerospace division, a move positively received by Elliott Investment Management, which holds a $5 billion stake in the company. This is part of a broader portfolio evaluation initiated by Honeywell's CEO, Vimal Kapur. The company has also disclosed plans to sell its personal protective equipment business to Protective Industrial Products for approximately $1.33 billion and has expanded its portfolio through strategic acquisitions, including Carrier's security business and CAES Systems.
Jefferies has maintained a Hold rating on Honeywell, raising the price target to $260 from $220, while BofA Securities and RBC Capital have reiterated their Neutral and Sector Perform ratings, respectively. These decisions follow a series of strategic moves by Honeywell, including the potential separation of its Aerospace segment, which accounts for a significant portion of the company's sales and EBIT.
Further details on these strategic decisions will be provided in Honeywell's upcoming Q4 earnings report. These developments highlight the company's ongoing efforts to enhance shareholder value and optimize its business structure.
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