Reported about 6 hours ago
Honeywell's CEO, Vimal Kapur, is spearheading a significant transformation of the industrial giant, focusing on making the company more growth-oriented through a portfolio reshuffle. This includes plans to split Honeywell into two independent publicly traded entities, managing its automation and aerospace divisions separately. Amidst pressure from activist investor Elliott Management, which holds a $5 billion stake, Kapur emphasizes the need for innovation and adaptation in a changing market. The company is expected to provide further updates during its upcoming earnings call.
Source: YAHOO