The big industrial company giant Honeywell announced new business segments and some new business segment leaders.
Investors in Honeywell International could soon find out whether a slate of new names and a potential shift in focus can boost a stock price.
Kimal took over from former CEO Darius Adamczyk on June 1 after being named to the top post back in March. Now he is putting his stamp on the organization. Building Technologies makes the controls and software required to make commercial buildings, be they hospitals, schools, or office towers, work. It generated $6 billion in 2022 sales. About $3.6 billion came from hardware, with the rest from software and solutions.
Building Automation will essentially be the old Building Technologies. The megatrend in play here is also the shift toward sustainability, as seen in efforts to allow building operators to use less energy and save money in the process.
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