Reported about 6 hours ago
Industrial giant Honeywell is undergoing a significant transformation by splitting into three independent companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials, with the separation expected to occur in late 2026. This decision follows months of speculation and is strategically aimed at pursuing tailored growth for each division, addressing shareholder value and operational improvements amidst pressure from activist investor Elliott Management. Honeywell's current CEO, Vimal Kapur, emphasized a pivot towards growth-oriented markets, reflecting a broader trend in industrial conglomerates.
Source: YAHOO