Kevin Burke, Consolidated Edison Chairman, President, and CEO, Joins Honeywell's Board of Directors
January 07 2010 - 9:00AM
PR Newswire (US)
MORRIS TOWNSHIP, N.J., Jan. 7 /PRNewswire-FirstCall/ -- Honeywell
(NYSE: HON) today announced that Kevin Burke, 59, chairman,
president, and chief executive officer of Consolidated Edison, Inc.
(Con Edison), has been elected to its Board of Directors. He will
serve on the Audit and Retirement Plans Committees. "Kevin's
extensive public company management experience and background in
engineering and law make him a valuable addition to our Board of
Directors," said Honeywell Chairman and Chief Executive Officer
Dave Cote. "His analytical business approach can help Honeywell
build on its core strengths and further establish our great
positions in good industries. Adding his customer-focused mindset
to our already strong Board is important as we continue to
differentiate Honeywell through our technology offerings and build
on our leadership position in energy efficiency products and
services." Nearly 50% of Honeywell's product portfolio company-wide
is linked to energy efficiency. The company estimates that U.S.
energy consumption could be reduced by 15 to 20% by using existing
Honeywell technologies. Burke joined Con Edison in 1973 and has
held positions of increasing responsibility in system planning,
engineering, law, nuclear power, construction, and corporate
planning. He served as senior vice president, with responsibility
for customer service and for Con Edison's electric transmission and
distribution systems. In 1999, Burke was elected president of
Orange and Rockland Utilities, Inc., a subsidiary of Con Edison. He
was elected president and chief operating officer of Consolidated
Edison Company of New York in 2000, was appointed president and
chief executive officer of Consolidated Edison, Inc. in 2005, and
elected chairman in 2006. Burke serves on the boards of directors
of a number of industry organizations, including the American Gas
Association, the Edison Electric Institute, and the New York State
Energy Research and Development Authority. Burke holds a master's
degree in business policy from Columbia University, a juris doctor
from Fordham University, a master's degree in engineering from
Rensselaer Polytechnic Institute, and a bachelor's degree in
engineering from The Cooper Union. He completed the Advanced
Management Program at Harvard University in 2005. Honeywell
International (http://www.honeywell.com/) is a Fortune 100
diversified technology and manufacturing leader, serving customers
worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive
products; turbochargers; and specialty materials. Based in Morris
Township, N.J., Honeywell's shares are traded on the New York,
London, and Chicago Stock Exchanges. For more news and information
on Honeywell, please visit http://www.honeywellnow.com/. This
release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception of historical trends, current
economic and industry conditions, expected future developments and
other factors they believe to be appropriate. The forward-looking
statements included in this release are also subject to a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. Contacts: Media Investor Relations Robert C. Ferris
Elena Doom (973) 455-3388 (973) 455-2222 DATASOURCE: Honeywell
CONTACT: Media, Robert C. Ferris, +1-973-455-3388, , or Investor
Relations, Elena Doom, +1-973-455-2222, Web Site:
http://www.honeywell.com/
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