Honeywell's New General Counsel: A Shift in Leadership
Honeywell Appoints New General Counsel and Corporate Secretary
In a significant shift in leadership, Honeywell (NASDAQ: HON) has announced the appointment of Su Ping Lu as the new General Counsel and Corporate Secretary, effective soon. This decision comes as Anne Madden transitions to lead Honeywell's Portfolio Transformation.
Su Ping Lu: A Prominent Leader
Su Ping Lu brings a wealth of legal expertise and corporate governance experience to her new role. Prior to this appointment, she served as the Vice President and General Counsel for International at Honeywell. Lu's journey with the company began in 2009, when she became the Vice President and General Counsel for Aerospace Technologies in the Asia Pacific region.
Background and Experience
Having gained valuable experience in various roles, Lu was promoted to her current position in early 2024. She holds a Bachelor's degree in international relations and economics from Stanford University and a Juris Doctor from Columbia University, showcasing her strong educational background.
Anne Madden's New Role
As Lu steps into her new responsibilities, Madden will continue to have a pivotal role in Honeywell's evolution. She will now serve as the Senior Vice President of Portfolio Transformation and Senior Advisor, focusing on strategic initiatives aimed at fueling Honeywell's growth and effectiveness during this transformative era.
Achievements During Madden's Tenure
An influential figure within Honeywell since 1996, Madden has held numerous significant positions. Under her leadership as General Counsel from 2017, the company achieved a remarkable track record, including around 100 acquisitions valued at approximately $15 billion and the divestiture of about 70 non-core businesses worth close to $9 billion.
Future Plans and Strategic Actions
Recently, Honeywell has actively embarked on strategies designed to boost organic growth and streamline their operations. This includes a series of significant acquisitions totaling nearly $12 billion, aimed at enhancing its competitive edge.
Recent Acquisitions
Among the recent acquisitions, Honeywell completed the Access Solutions business acquisition from Carrier Global, acquiring Civitanavi Systems and CAES Systems. These strategic moves not only bolster Honeywell’s portfolio but also position the company to thrive in an evolving marketplace.
A Vision for Growth
Vimal Kapur, Chairman and CEO of Honeywell, expressed his confidence in Lu's capabilities, referring to her leadership and global perspective as essential for steering Honeywell’s future strategies. He emphasized the collaborative nature of her role with both the board of directors and the senior leadership team.
The Importance of Leadership Transition
Such transitions in leadership are critical for corporations, particularly in times of transformation. The company’s ability to adapt and thrive amidst changes speaks volumes about its resilience and innovative spirit.
About Honeywell
Honeywell operates as an integrated enterprise, addressing diverse industry needs worldwide. The company’s focus lies in automation, aviation, and energy transition, all supported by advanced technologies. Through its varied business segments, Honeywell is committed to offering solutions that make the world a safer, smarter, and more sustainable place.
Frequently Asked Questions
What role will Su Ping Lu take on at Honeywell?
Su Ping Lu has been appointed as the new General Counsel and Corporate Secretary.
What position is Anne Madden moving to?
Anne Madden will transition to a new role as Senior Vice President of Portfolio Transformation and Senior Advisor.
What notable achievements did Anne Madden accomplish at Honeywell?
During her tenure, Madden oversaw nearly 100 acquisitions totaling about $15 billion and divested 70 businesses valued around $9 billion.
How many acquisitions has Honeywell made recently?
Honeywell has announced nearly $12 billion in recent acquisitions to drive growth and streamline its portfolio.
What is the strategic focus of Honeywell moving forward?
Honeywell is concentrating on automation, energy transition, and enhancing its environmental impact through innovative solutions.
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