Honeywell announced several senior leadership changes, reflecting further advancement of strong leaders throughout the Company, effective immediately. "Honeywell is in an enviable position to capitalize on the strength and experience of a highly capable leadership team to support our continued strong performance and commitment to our customers and shareholders," said Honeywell Chairman and CEO Dave Cote. "These leadership changes will have a positive impact on achieving our new 5-year plan for continued sales and margin rate growth and geographic expansion. Each of these leaders has a strong track record of global leadership, robust business performance, and championing change at Honeywell." Roger Fradin is promoted to Vice Chairman of Honeywell, a newly created leadership position where he will be primarily responsible for advancing the Company's merger and acquisition strategy toward its recently announced 5-year target of $10 billion, High Growth Regions expansion, and improving internal operations. Roger will continue to report directly to Cote and will remain an Executive Officer of the Company. Roger was previously President and CEO of ACS, which more than doubled from an $8 billion, mainly U.S. domestic business to a $17 billion global business during Roger's 10 year tenure.
Andreas Kramvis is promoted to Vice Chairman of Honeywell where he will use his expertise to enable the global deployment of HOS Gold, advance the Company's software initiative by improving the productivity and quality of our software development processes, and drive High Growth Regions expansion, which are all critical components of our recently announced 5-year plan. Andreas will continue to report directly to Cote and will remain an Executive Officer of the Company. Since 2008, Andreas was President and CEO of PMT, which has grown 30% to become a $7 billon, highly profitable business. Honeywell Process Solutions (HPS), with 2013 sales of $3.1 billion, moves from ACS to PMT. This move provides an opportunity for Honeywell to better and more efficiently leverage important customer and sales synergies, and to build upon our global expertise and breadth of available resources to execute complex process technology and automation projects in the oil and gas, refining, petrochemical, and major manufacturing industries. Alex Ismail is named President and CEO of ACS, which will comprise Honeywell Building Solutions and the Energy, Safety, and Security (ESS) businesses (Environmental and Combustion Controls, Life Safety, the Security Group, Scanning & Mobility, Sensing and Control). Alex will report directly to Cote and will remain an Executive Officer of the Company. Alex was previously President of the ESS businesses, a role that will not be replaced in ACS. Prior to ESS, Alex servedas President and CEO of Honeywell Transportation Systems based in Switzerland, successfully positioning the business for terrific growth.
