Cote Named World's Best CEO for the Second Time
March 25, 2014
For the second consecutive year, Honeywell Chairman and CEO Dave Cote was named to the prestigious World’s Best CEOs list compiled by Barron’s magazine.
One of only thirty CEOs chosen from companies around the world, Cote is credited with transforming Honeywell and building a strong track record of financial performance, which includes increasing sales by 77 percent to $39.1 billion, EPS1 by 229 percent to $4.97, and free cash flow2 by 72 percent to $3.8 billion, delivering a total shareowner return of 249 percent within the past ten years.
Cote has also become a strong presence in Washington, D.C., focusing on bringing solutions to the toughest challenges facing the U.S. This month, he was elected as a director of the New York Federal Reserve, one of six serving on behalf of the public.
The World’s Best CEOs list was created based on the views of Barron’s reporters and editors with insights from investors, analysts, and industry executives. Shareholder returns were a key criterion, in addition to financial soundness, employee motivation, innovative products, and maintaining consistent profit growth and shareholder gains.
1 Proforma, EPS and V% exclude pension mark-to-market adjustment ; 2 Free Cash Flow shown prior to any NARCO trust establishment payments, cash pension contributions, and cash taxes relating to the sale of available for sale investments