Honeywell Chairman and CEO, Dave Cote, Featured on Fox Business' “Mornings with Maria”
March 17, 2016
When commended on the Company's outperformance compared to peers and 26.5% average in terms of gains and earnings over the last 5 years on average, Cote attributed that success to seed planting. “We've done a lot in the last 14 years to transform the company on portfolio, the work we've done we do on process, and most importantly, the work we've done to improve the culture. We've done a lot of seed planting over this period of time. I've often said, ‚ÄòYou do well this year, not because of what you're doing this year, but because of what you did in the previous 5 years.' We do a pretty good job of that seed planting on products, geographies, and process. We really work on it.”
Although the Company completed $6 billion in acquisitions last year, Cote does not believe there is a need for a “mega deal” in order to be successful and foresees growth in the next 3 years as mostly organic. Looking ahead, Cote identifies the controls, turbochargers, performance materials and aerospace industries as big drivers of growth in the coming year.