Honeywell Announces CFO Transition
Honeywell International Inc. (NASDAQ: HON) has announced a significant change in its leadership team as Mike Stepniak is set to succeed Greg Lewis as the Senior Vice President and Chief Financial Officer. Stepniak, who has been the Vice President and Chief Financial Officer for Honeywell Aerospace Technologies, is expected to take over following the company's upcoming financial results announcement.
Meet Mike Stepniak
Mike Stepniak is recognized for his substantial experience, having accumulated over two decades in finance roles across various sectors, particularly in the industrial field. His expertise encompasses financial planning, analysis, corporate audit, and business transformation. Presently, he oversees global finance within Honeywell's Aerospace Technologies division and has previously served as the CFO of Honeywell Building Technologies.
A Smooth Transition Ahead
The leadership transition is designed to ensure continuity and stability within the organization. Stepniak will collaborate closely with Greg Lewis, who has held the CFO position since 2018. Lewis will transition to a new role as Senior Vice President of Honeywell Accelerator and serve as a Senior Advisor to Vimal Kapur, the Chairman and CEO.
Message from Leadership
Vimal Kapur expressed enthusiasm about Stepniak's advancement, commenting on his strong track record in fostering profitable growth across various industrial operations. Kapur also acknowledged Greg Lewis's contributions during his tenure as CFO, noting his role in guiding the company through several changes and challenges.
Looking Forward
Honeywell is confident that Stepniak's deep understanding of both the business and its stakeholders will facilitate further strategic growth and bolster its commitment to capital deployment. As the company prepares for this change in leadership, there are no anticipated impacts on its performance or outlook, reinforcing its dedication to effective succession planning.
About Honeywell
Honeywell is a globally integrated operating company that addresses a vast array of industries and market needs. The company is strategically aligned with three key megatrends: automation, the future of aviation, and energy transition, which are supported by innovative platforms such as Honeywell Accelerator and Honeywell Forge IoT. Honeywell is a trusted partner for many organizations, providing solutions that navigate 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, succeeding Greg Lewis, with extensive finance and operations expertise.
What roles has Mike Stepniak held at Honeywell?
Before becoming CFO, he was Vice President and Chief Financial Officer for Honeywell Aerospace Technologies and previously served as CFO for Honeywell Building Technologies.
When will the transition take place?
The transition is expected to occur after Honeywell's announcement of its fourth quarter and full-year financial results.
What is Greg Lewis's new role?
Greg Lewis will become Senior Vice President of Honeywell Accelerator and serve as a Senior Advisor to the company's Chairman and CEO.
How does Honeywell view this transition?
Honeywell expects no negative impact on its performance or outlook due to this leadership change, and sees it as a positive step towards continued growth.
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