Honeywell Names Chief Operating Officer For Safety And Productivity Solutions Segment

CHARLOTTE, N.C., Jan. 5, 2022 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that George Koutsaftes, an executive with over 13 years of leadership experience within its Performance Materials and Technologies (PMT) segment, has been named as Chief Operating Officer within its Safety and Productivity Solutions (SPS) segment. Koutsaftes, 52, will become President and Chief Executive Officer of SPS and a Honeywell Executive Officer on April 1. He will succeed John Waldron, who will be appointed to another senior leadership role within Honeywell at that time. Waldron and Koutsaftes will work together closely on the transition over the next three months.

For the past four years, Koutsaftes has led Advanced Materials, a $3 billion business unit within Honeywell PMT that provides solutions to the automotive, construction, life science, and semiconductor industries. During his tenure, Advanced Materials substantially expanded its operating margin and free cash flow, and increased revenue from new products by over 50%. Koutsaftes also served for the second half of 2019 as interim Business Development / M&A leader for Honeywell.

Prior to joining Honeywell in 2008, Koutsaftes was a senior-level M&A advisor who was a key player in transactions with over $7 billion in aggregate value. He worked for Young and Partners LLC, Eureka Capital Markets LLC, and Arthur Andersen Corporate Finance LLP. He joined PMT in 2008 as Director, Mergers and Acquisitions, and was instrumental in the acquisition of Thomas Russell Co., a leading provider of natural gas processing and treating technology and equipment solutions. He also led Procurement and Trade Compliance for PMT before leading the Fluorine Products global business enterprise, followed by Advanced Materials. He earned a B.S. in accounting from Marist College and an M.B.A. in finance from Fordham University.

Honeywell SPS provides products, software, and connected solutions that improve productivity, workplace safety, and asset performance for customers around the world. In response to the COVID-19 pandemic, Honeywell SPS rapidly established eight new greenfield production sites worldwide for personal protective equipment, enabling the addition of more than 1 billion units of mask capacity in 2020 to help front-line medical workers battle the virus. At the same time, Honeywell SPS rapidly increased production of sensors and switches used in critical medical equipment, including ventilators and oxygenators.

Honeywell (www.honeywell.com/us/en) is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/us/en/news.

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