(Reuters) -Honeywell ( HON ) said on Monday it has appointed Jim Currier as president and CEO of its aerospace unit, which will become an independent publicly traded company following its planned spin-off.

The company also named Craig Arnold as chairman of the Honeywell Aerospace board, effective upon completion of the planned spin-off. In the meantime, he will join Honeywell's ( HON ) board of directors, effective immediately.

Honeywell ( HON ) is separating into three independent companies focused on automation, aerospace and advanced materials, with spin-offs expected to complete in 2026.

The advanced materials unit, Solstice, began trading independently on the Nasdaq on October 30.