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HONEYWELL APPOINTS STEPHEN WILLIAMSON TO BOARD OF DIRECTORS

1. Honeywell's board elects Stephen Williamson as new independent director. 2. Williamson has extensive finance experience, enhancing Honeywell's oversight. 3. His past work at Honeywell includes CFO roles in Asia Pacific. 4. Williamson's expertise in M&A will support Honeywell’s growth strategy. 5. The leadership change aims to drive innovation and transformation.

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FAQ

Why Bullish?

The appointment of an experienced director like Williamson can enhance investor confidence. Historical examples include improved stock performances following strategic board appointments.

How important is it?

The board appointment signifies a strategic move to foster growth and innovation, reflecting a proactive governance approach that may lead to positive company performance.

Why Long Term?

Long-term value is likely as Williamson's expertise aligns with Honeywell's growth objectives. Previous strategic appointments have resulted in sustained operational improvements.

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TMOGE
, /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors has elected Stephen Williamson, 58, current Senior Vice President and Chief Financial Officer of Thermo Fisher Scientific Inc., to its Board of Directors as an independent Director and Audit Committee member, effective April 1, 2025.  Williamson was named Senior Vice President and Chief Financial Officer of Thermo Fisher Scientific in August 2015 and is responsible for the company's finance, tax, M&A, treasury and global business services functions.  After joining Thermo Fisher Scientific in July 2001, he held a variety of finance leadership roles including Vice President of Financial Operations, leading the finance support function company-wide, and Vice President, European Financial Operations, overseeing integration activities across Europe.  Prior to working at Thermo Fisher Scientific, Williamson held various finance positions at Honeywell, including Vice President and Chief Financial Officer, Asia Pacific and other corporate development and operational finance roles.  Williamson began his career with Price Waterhouse in the transaction support group and the audit practice.     "We are delighted to welcome Stephen to our Board of Directors. He brings extensive financial expertise and significant international business experience," said Vimal Kapur, Chairman and Chief Executive Officer of Honeywell. "Stephen's broad industry knowledge and M&A experience will be invaluable to Honeywell as we pursue our transformational objectives and continue to drive growth and innovation globally."  Williamson holds a bachelor's degree in accounting and finance from the University of Wales and is a member of the Institute of Chartered Accountants of England and Wales. About Honeywell Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer, as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.  We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time. SOURCE Honeywell WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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