CHARLOTTE, N.C.- Honeywell has announced that Vimal Kapur will succeed Darius Adamczyk as Chief Executive Officer on June 1, 2023. Adamczyk will continue to serve as Executive Chairman of Honeywell. Kapur is currently President and Chief Operating Officer at the company. He was also appointed to the company’s board of directors effective March 13, 2023. These moves ensure a seamless leadership transition and position Honeywell for continued outperformance versus peers.
“Vimal is absolutely the right person to lead our company to the next level of growth and stellar performance,” Adamczyk said. “Vimal brings 34 years of deep knowledge about our businesses, end markets and customer needs. His ability to drive our key sustainability and digitalization strategic initiatives, along with his advancement of our world class operating system. Honeywell’s next operational evolution, under Vimal’s leadership, will be the incorporation of Accelerator and standardization of global business models to enable maximal performance in each business segment.”
“In his role as COO, Vimal has driven continued operational execution on our proven value creation framework, all of which is underpinned by Accelerator. We have also made significant strides in advancing our digital solutions – both to enhance our own internal operations and decision-making and in support of our customers to benefit their digitization transformations. The rigor of our digital solutions is a real differentiator for Honeywell and will enable us to achieve consistent and sustained outperformance.”
About Vimal Kapur:
Kapur, 57, was named President and Chief Operating Officer in July of 2022. He has been leading the creation of new solutions to help customers drive their sustainability transformations. As COO, Kapur has also overseen the continued integration of Honeywell Accelerator across the organization. Further, its adoption as an operational system for everything that Honeywell does.
Prior to leading PMT, Kapur served as President and CEO of HBT. It is a $6 billion global leader in building technology offerings. It improve energy performance, air quality and the safety and security of commercial buildings.
Before leading HBT, Kapur also held the role of President of Honeywell Process Solutions. He successfully led the business through the oil and gas downturn. Prior to that, Kapur was Vice President and General Manager of the Advanced Solutions line of business. In This role he built the foundation of an outcome-driven software business, successfully integrating the Matrikon acquisition into Honeywell.
Adamczyk, 57, was named COO in 2016, CEO in 2017 and Chairman and CEO in 2018. He has led Honeywell to significantly and consistently outperform peer companies, the S&P 500 and the XLI. Under Adamczyk’s leadership, from 2016 through 2022, Honeywell’s market capitalization grew from $88 billion to $145 billion, a 9% CAGR.