Nov 3 (Reuters) - Honeywell ( HON ) on Monday named Jim
Currier as president and CEO of its aerospace unit, which will
become an independent publicly traded company following its
planned spinoff.
Currier has held the same roles at Honeywell's ( HON ) aerospace
business since 2023 and has spent nearly two decades in senior
roles at the company.
Earlier this year, Honeywell ( HON ) decided to breakup its large
conglomerate structure to create three independent companies
focused on automation, aerospace and advanced materials. The
spinoffs are expected to be completed in 2026.
Its aerospace business has been pressured by higher costs
and tariffs, but has managed to keep pricing steady, a trend
expected to change next year.
The company has also shed some of its smaller units, to
focus on sprucing up its automation business, which has been a
drag on earnings lately.
The advanced materials unit, Solstice, began trading
independently on the Nasdaq on October 30.
In its most recent quarter, the company raised its 2025
profit forecast banking on robust aerospace demand.
The company on Monday named Craig Arnold as chairman of the
Honeywell Aerospace board. He will take up the role after the
spinoff, but will join the board effective immediately.