Honeywell Names Sewell as CEO of Advanced Materials Business
1. Honeywell to split into three independent companies by late 2025. 2. David Sewell appointed CEO of advanced materials unit, Solstice Advanced Materials. 3. Advanced materials unit had almost $4 billion in revenue last year. 4. Rajeev Gautam named non-executive chairman of the new advanced materials unit. 5. Honeywell shares gained around 5% over the past 12 months.