CHARLOTTE, N.C., Dec. 6, 2019 /PRNewswire/ -- Honeywell
(NYSE: HON) today announced that Jaime
Chico Pardo, 69, a 20-year member of its Board of Directors
who has served as independent Lead Director since 2016, will retire
from the Board effective at the time of the next Annual Shareowners
Meeting on April 27, 2020. At that
time, he will be succeeded as independent Lead Director by D.
Scott Davis, 67, a 14-year Honeywell
Board member who has chaired the Management Development and
Compensation Committee (MDCC) since 2010. Davis also chaired the
Honeywell Audit Committee from 2006-2010.
"Jaime has been instrumental in the transformation of Honeywell
over the past two decades into one of the world's largest, most
admired and successful industrial companies, and his leadership and
strategic contributions have laid the groundwork for our active
transformation into a software-industrial company," said Honeywell
Chairman and Chief Executive Officer Darius
Adamczyk. "While serving with tireless commitment with four
CEOs, Jaime helped Honeywell globalize and bring its offerings to
many new markets. He was relentless in opening doors to pursue new
customer relationships, many of which have been very fruitful and
sustaining. On a personal note, Jaime was instrumental in my
transition into my current role through his deep understanding of
the company and through his outstanding communication and
leadership skills, which have helped align broad sets of
stakeholders in support of our key business strategies. I am
grateful for everything Jaime has done to make Honeywell the highly
successful company that it is today."
Adamczyk continued: "In Scott Davis, we have another world-class
business leader with significant expertise in management, strategy,
finance and operations gained over his distinguished career at UPS.
He has led global organizations in regulated industries that are
aligned with Honeywell's strategic end markets and where innovation
is a critical enabler. He also led the transformation of UPS into a
technology company. As Honeywell MDCC Chair, Scott consistently set
the right tone for our culture of integrity and ethics at
Honeywell. Scott is well-regarded by his fellow Board members and
has the utmost respect of our management team. I have no doubt he
will continue to contribute significantly to Honeywell's ability to
outperform its peers and deliver unparalleled value to our
customers."
Chico Pardo was elected as a
Board member to the former Honeywell, Inc., in September 1998, and was elected on December 1, 1999, to the new Board for Honeywell
International Inc. at the time of the AlliedSignal-Honeywell
merger. He served on the Retirement Plans Committee from 1999 until
it was dissolved in 2019. He was elected to the Corporate
Governance and Responsibility Committee in 1999 and remains a
member through his retirement date.
In addition, Chico Pardo became
Honeywell's independent Lead Director on January 1, 2016, and was re-elected on
December 8, 2017. Honeywell's
independent Lead Director plays an important role in the company's
governance structure, serving as de facto leader of the independent
Directors and as the single focal point charged with ensuring that
the Board as a whole is providing appropriate independent oversight
of management. Over the past several years, the Board has
continually taken action to strengthen the role of independent Lead
Director.
Outside of Honeywell's Board, Chico
Pardo has served as President and Chief Executive Officer of
ENESA, S.A. de C.V., a private fund that invests in the Mexican
energy and health sectors since 2010. He previously served as
Co-Chairman of the Board of Telefonos de Mexico, S.A.B. de C.V. (TELMEX), a
telecommunications company based in Mexico City. He also held additional senior
management positions in telecommunications, manufacturing and
investment banking.
Davis held a series of senior leadership positions over three
decades at United Parcel Service, Inc., a leading global provider
of package delivery, specialized transportation and logistics
services. He served as Chairman and Chief Executive Officer from
January 1, 2008, to September 2014, and after that served nearly two
additional years as Non-Executive Chairman of UPS. Prior to joining
UPS, Davis was Chief Executive Officer of II Morrow Inc., a
technology company and developer of general aviation and marine
navigation instruments.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help everything from aircraft, buildings, manufacturing plants,
supply chains, and workers become more connected to make our world
smarter, safer, and more sustainable. For more news and information
on Honeywell, please visit www.honeywell.com/newsroom.
Contacts:
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Media
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Investor
Relations
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Nina
Krauss
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Mark
Bendza
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(704)
627-6035
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(704)
627-6200
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nina.krauss@honeywell.com
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mark.bendza@honeywell.com
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SOURCE Honeywell