Honeywell appoints David Sewell to lead advanced materials unit ahead of spin-off

Reuters

Tue, Mar 25, 2025, 4:04 AM 2 min read

(Reuters) - Honeywell said connected Tuesday it has appointed David Sewell to pb its precocious materials business, which is acceptable to beryllium spun disconnected into an independently listed institution by precocious this twelvemonth oregon aboriginal 2026.

The concern elephantine had announced the spin-off successful October arsenic it looked to simplify its business. The portion would beryllium named Solstice Advanced Materials and absorption exclusively connected sustainable specialty chemicals and materials.

Honeywell is besides acceptable to abstracted its aerospace and automation businesses, splitting 1 of America's past lasting conglomerates into 3 autarkic firms.

Sewell volition articulation arsenic the president and main enforcement serviceman of the precocious materials business, effectual immediately, and is expected to clasp the rubric aft the rotation disconnected is completed.

He has much than 30 years of acquisition successful the materials and chemicals industries and was astir precocious the CEO of packaging steadfast WestRock Company, which was acquired by Irish rival Smurfit Kappa successful an $11 cardinal deal.

Honeywell has besides appointed insider Tina Pierce arsenic the main fiscal serviceman of the unit, effectual May 1. She is besides expected to clasp the rubric aft the spin-off.

Pierce, who has worked astatine Honeywell for much than 25 years, is presently the CFO of its concern automation segment.

Separately, Rajeev Gautam has been selected arsenic the non-executive president of the board, effectual connected completion of the spin.

"Rajeev's 43-year vocation arsenic a person successful Honeywell's process technologies and precocious materials businesses, combined with David's acquisition overseeing a multi-year translation strategy arsenic CEO of a publically traded institution marque them the perfect leaders," said Honeywell CEO Vimal Kapur.

Solstice Advanced Materials volition beryllium headquartered successful Morris Plains, New Jersey.

(Reporting by Aishwarya Jain and Utkarsh Shetti successful Bengaluru; Editing by Shilpi Majumdar)