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Honeywell Names Alexandre Ismail President and CEO of Honeywell Transportation Systems; Adriane Brown Named Senior Vice President Energy Strategy

Posted on: Wednesday, 29 April 2009, 09:18 CDT

MORRIS TOWNSHIP, N.J., April 29 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today announced that Alexandre Ismail has been named President and CEO of its $4.6 billion Transportation Systems (TS) business, effective immediately.

Ismail, 44, succeeds Adriane Brown who will move into a newly created role as Senior Vice President Energy Strategy. She will be responsible for developing and coordinating energy policy and marketplace strategies across all Honeywell's businesses and functions. Both Ismail and Brown will report to Honeywell's Chairman and CEO Dave Cote.

"We continue to build depth and strengthen our management team with leaders that have industry, technical, and business expertise," said Cote. "We're counting on both Adriane and Alex to continue to make significant contributions to the long-term success of the company."

"Alex is a veteran of the transportation industry," continued Cote. "He joined Honeywell Turbo Technologies in 1999, and was appointed President, Global Passenger Vehicles in 2006. Alex has helped manage the business during periods of tremendous growth, positioning Honeywell as the world's leading manufacturer of turbochargers. He will continue to drive growth of turbochargers globally, while improving their adoption in the United States, where turbochargers are found only on 5% of light vehicles compared to 51% in Europe."

"Alex's experience will best guide the business through this challenging period and position the entire TS business -- Turbo Technologies, Consumer Products Group, and Friction Materials -- for improved and sustained performance over the long-term," said Cote.

Ismail was previously President of Honeywell Turbo Technologies, a position he has held since November 2008 when the business combined its passenger and commercial vehicle divisions into a single global structure. He has also served Honeywell Turbo Technologies as Worldwide Director, Marketing and Business Development; Vice President EMEA, Sales and Customer Management; and Vice President and General Manager for EMEA and India.

Ismail also spent several years in Honeywell's aerospace businesses where he held senior marketing and strategic planning positions. He holds a B.A. in Finance from the University of Dauphine (France), and an MBA from the HEC School of Management in France. He is a certified Six Sigma Black Belt.

"Adriane has made many terrific contributions to TS since 2005, even as the automotive industry faced one of the most challenging periods in its history," concluded Cote. "With 50% of Honeywell's product portfolio delivering energy efficiency benefits, we're excited for Adriane to lead a Honeywell-wide initiative to expand our opportunities in this exciting and fast growing segment of the global economy."

As Senior Vice President Energy Strategy, Adriane will ensure alignment and coordination of Honeywell's energy efficiency activities across the company's entire business portfolio. She will also help to identify and promote new opportunities that can be leveraged across the businesses or in new markets and product areas.

Honeywell offers many energy efficiency solutions across its four businesses. In fact, if the U.S. could just immediately and comprehensively adopt the products Honeywell has already designed and are in the marketplace today, the country's energy consumption could be reduced by 15 - 20%. These energy savings can be achieved without reducing services to end customers and will result in a reduction in Green House Gas Emissions commensurate with the reduction in energy consumption.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.

Contacts: Media Investor Relations Robert C. Ferris Murray Grainger (973) 455-3388 (973) 455-2222 rob.ferris@honeywell.com murray.grainger@honeywell.com

SOURCE Honeywell

Source: PR Newswire

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