Darius Adamczyk, president and chief operating officer at Honeywell (NYSE: HON), will serve as the technology and manufacturing company’s CEO, effective March 31, 2017.
Adamczyk will succeed Dave Cote, who will continue to serve as Honeywell’s executive chairman through April 2018 and then commence a five-year noncompete and consulting agreement with the firm, the company said Tuesday.
“Darius is absolutely the right person to lead our company into a new era where we will need to keep evolving to become even more global, more of a software company, and more nimble, †said Cote, who has been chairman and CEO since 2002.
Adamczyk previously served as president and CEO of Honeywell’s performance materials and technologies business prior to his appointment as president and COO in April.
He also served as president of Honeywell’s process solutions business and was appointed to lead the company’s scanning and mobility business following the acquisition of Metrologic in 2008.
Adamczyk began his career at General Electric (NYSE: GE) as an electrical engineer, held management positons at Ingersoll Rand (NYSE: IR) and served as a senior associate at Booz Allen Hamilton (NYSE: BAH).
Chico Pardo, a member of the board of directors at Honeywell, has been selected by the company’s board to serve as lead director for a two-year term and will work with other members of the board’s management development and compensation committee to make changes to the firm’s compensation plans.
Honeywell dropped its plans to merge with United Technologies Corp. (NYSE: UTX) in March citing disagreement over the characterization of customer and regulatory risks related to the proposed deal.
