Dave Cote is chairman and CEO of Honeywell, a $40 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. He was elected president, CEO, and a member of Honeywell's Board in February 2002, and named chairman of the Board on July 1, 2002.
During Cote's fifteen years of leadership at Honeywell, the company has delivered strong growth in sales, earnings per share, segment profit, and cash flow. Honeywell’s stock has risen more than 380% and the Company has had a total shareowner return of more than 575%, which is 2.5 times greater than the S&P 500’s return of approximately 225%. Honeywell’s market cap has grown from $20 billion in 2003 to about $90 billion today.
Today, Honeywell has great positions in good industries and technologies that address some of the world’s toughest challenges such as safety and security, clean energy generation, energy efficiency, customer productivity, and expanding global wealth per capita. More than 50 percent of the company’s sales are outside the U.S., and the company’s approximately 130,000 employees, including 23,000 engineers, of which about half are focused on software, who are developing innovative products and solutions that help Honeywell’s customers – and their customers – improve performance and productivity.
Cote was elected in March 2014 as a Class B director to the Federal Reserve Bank of New York to represent the interests of the public. In 2012-2013 Cote served as a founding member of the steering committee of the Campaign to Fix Debt, a bi-partisan effort to build support for a comprehensive U.S. debt reduction plan. Cote was named Vice Chair of the Business Roundtable (BRT) in 2011 and also chaired its Energy and Environment Committee. In 2010, Cote was named by President Barack Obama to serve on the bipartisan National Commission on Fiscal Responsibility and Reform, also known as the Simpson-Bowles Commission. Cote was named co-chair of the U.S.-India CEO Forum by President Obama in 2009, and has served on the Forum since July 2005.
Cote was named a recipient of the 2016 Deming Cup by the W. Edwards Deming Center at Columbia Business School for his operational excellence and for fostering a culture of continuous improvement at Honeywell. He was also named the 2016 CEO Coach of the Year by the American Football Coaches Foundation, which supports football coaches at all levels through ongoing education, interaction and networking to drive a safer and better game.
In 2014, Cote was selected for the prestigious Horatio Alger Award, which recognizes dedicated community leaders who have accomplished remarkable achievements through honesty, hard work, self-reliance, and perseverance over adversity. Also in 2014, Cote was named Institutional Investor’s Best CEO in the Capital Goods/Industrial – Electrical Equipment & Multi-Industry category. He has been recognized as one of the World’s Best CEOs by Barron’s for four straight years (2013-2016) and was named Executive of the Year – Conglomerates at the 2015 American Business “Stevie” Awards. In 2013, Cote was named CEO of the Year by Chief Executive, presented the Australian Association’s Award for Excellence, named one of the 100 CEO Leaders in STEM by StemConnectors.org, and received the Corporate Leadership Award from TechAmerica. He received the Asia Society's Global Leadership Award, the Peter G. Peterson Award for Business Statesmanship from the Committee for Economic Development in 2012, and the Distinguished Achievement Award from B’nai B’rith International in 2011. Cote also received the Corporate Social Responsibility Award from the Foreign Policy Association in 2007.
Cote earned a bachelor’s degree in business administration from the University of New Hampshire, and, in 2011, the University presented him with an honorary Doctor of Humane Letters. In 2009, Cote was made an honorary professor at the Beihang University of Aeronautics and Astronautics in Beijing, China. In 2001, Cote received an honorary Doctor of Laws degree from the Graziadio School of Business and Management, Pepperdine University.