Retired Vice Chairman of Honeywell, Andreas Kramvis, was honored with the 2017 SCI Chemical Industry Medal
by the Society of Chemical Industry at a dinner in his honor at the Plaza Hotel in New York earlier this month.
Established in 1933, the SCI Chemical Industry Medal honors individuals whose leadership, commitment and contributions have been responsible for substantial growth in the chemical industry. Past recipients include John Hopkins University Provost, Sunil Kumar, The Dow Chemical Company President and CEO, Andrew N. Liveris, former Celanese Corporation CEO, David N. Weidman, retired Eastman Chemical Chairman and CEO, J. Brian Ferguson, former Arch Chemicals Chairman and CEO, Michael E. Campbell, and former Nova Chemicals CEO, Jeffrey M. Lipton.
"We are honored to award this year's Chemical Industry Medal to Andreas Kramvis," said Fred Festa, chairman and chief executive officer of W. R. Grace & Co. and chair of SCI. "Andreas has had a highly successful career, driving terrific performance in the businesses that he has led. He is also well known as a thought leader in management methodology. His progressive ideas have helped to change the way business is conducted, using no additional resources. His contributions to our industry cannot be overstated."
Andreas began his career in Europe and held leadership positions at Cadbury-Schweppes and Comtech before joining Pittway, which was acquired by Honeywell in 2000. He served as President of Honeywell’s Environmental and Combustion Controls (ECC) business and later as President and CEO of Performance Materials and Technologies (PMT).
Under Andreas’ direction, PMT expanded into several new industries, including gas processing, and launched many new products, including its Solstice® line of low-global-warming refrigerants, blowing agents, aerosols, and solvents. He successfully guided the business through the recession, increasing sales by approximately 30 percent to become a $7 billion business.
“Both ECC and PMT were turnaround situations, and Andreas delivered big time,” said Darius Adamczyk
, president and chief operating office of Honeywell. “His insights and structured approach to managing large business units enabled PMT to grow organic revenues at an average annual rate of 3.3 percent and expand margins by more than 400 basis points during his six-year tenure. Andreas’ plainspoken, no-nonsense management style has had an enormous impact on how all of Honeywell’s business units are managed, and his management operating system, Business Decision Week, has been widely adopted.”
“For the past three years as Vice Chairman, Andreas has helped advance HOS Gold and position Honeywell as a premier software-industrial company,” Adamczyk continued. “Andreas left Honeywell in far better shape than it was, and his impact on so many employees has been indelible.”
The event featured a reception and seated dinner, with remarks by Dr. Rajeev Gautam
, President and CEO of Honeywell Performance Materials and Technologies. Introduced by Festa, Andreas was welcomed to the stage to accept the medal and express his appreciation.
Andreas retired from his post as vice chairman of Honeywell in February, 2017.