Honeywell Announces CFO Transition
Honeywell International Inc. (NASDAQ: HON) has revealed an important shift in its leadership team, with Mike Stepniak set to take over as the Senior Vice President and Chief Financial Officer, succeeding Greg Lewis. Stepniak, who has been serving as the Vice President and Chief Financial Officer for Honeywell Aerospace Technologies, is anticipated to assume his new role after the company announces its upcoming financial results.
Meet Mike Stepniak
Mike Stepniak brings a wealth of experience to his new position, having spent over twenty years in finance roles across various sectors, particularly within the industrial domain. His areas of expertise include financial planning, analysis, corporate auditing, and business transformation. Currently, he manages global finance for Honeywell's Aerospace Technologies division and has previously held the position of CFO at Honeywell Building Technologies.
A Smooth Transition Ahead
This leadership transition aims to maintain continuity and stability within the organization. Stepniak will work closely with Greg Lewis, who has been the CFO since 2018. Lewis will transition into a new role as Senior Vice President of Honeywell Accelerator and will also serve as a Senior Advisor to Vimal Kapur, the Chairman and CEO.
Message from Leadership
Vimal Kapur shared his excitement regarding Stepniak's promotion, highlighting his impressive track record in driving profitable growth across various industrial operations. Kapur also took the opportunity to acknowledge Greg Lewis's significant contributions during his time as CFO, emphasizing his role in steering the company through numerous changes and challenges.
Looking Forward
Honeywell is optimistic that Stepniak's extensive knowledge of the business and its stakeholders will support ongoing strategic growth and enhance the company’s commitment to capital deployment. As Honeywell prepares for this leadership change, it does not foresee any adverse effects on its performance or outlook, reinforcing its commitment to effective succession planning.
About Honeywell
Honeywell is a globally integrated operating company that caters to a wide range of industries and market demands. The company strategically aligns itself with three major megatrends: automation, the future of aviation, and energy transition, which are bolstered by innovative platforms like Honeywell Accelerator and Honeywell Forge IoT. Honeywell is a trusted partner for many organizations, delivering solutions that tackle complex challenges across its diverse business segments.
For more information, please visit the Honeywell newsroom.
Frequently Asked Questions
Who is Mike Stepniak?
Mike Stepniak is the new Chief Financial Officer of Honeywell, taking over from Greg Lewis, and brings extensive expertise in finance and operations.
What roles has Mike Stepniak held at Honeywell?
Prior to becoming CFO, he served as Vice President and Chief Financial Officer for Honeywell Aerospace Technologies and was previously the CFO for Honeywell Building Technologies.
When will the transition take place?
The transition is expected to happen after Honeywell announces its fourth quarter and full-year financial results.
What is Greg Lewis's new role?
Greg Lewis will transition to become Senior Vice President of Honeywell Accelerator and will act as a Senior Advisor to the company's Chairman and CEO.
How does Honeywell view this transition?
Honeywell anticipates no negative impact on its performance or outlook as a result of this leadership change, viewing it as a positive move towards sustained growth.
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