Honeywell has appointed two new leaders for its Performance Materials and Technologies (PMT) and Honeywell Building Technologies (HBT) segments, and a new Chief Operating Officer of Global High Growth Regions.
Vimal Kapur has been named President and Chief Executive Officer of Performance Materials & Technologies, based in Houston. Kapur is a 32-year veteran of Honeywell who most recently led the Honeywell Business Technologies segment and previously led the Process Solutions business within PMT.
Kapur succeeds Rajeev Gautam, who has decided to retire after a 43-year career with Honeywell. Following his retirement and through the end of January, Gautam will work closely on the transition with Kapur and will serve as President Emeritus, Honeywell PMT, with responsibility for ensuring smooth customer transitions and helping enable growth within Honeywell UOP, where he spent several decades in leadership positions.
Succeeding Kapur is Doug Wright, who has been named President and CEO of Honeywell Building Technologies, based in Atlanta. Wright joined Honeywell in mid-2020 as the leader of HBT’s Fire and Security business.
Both Kapur and Wright will serve as company officers and report to Chairman and CEO Darius Adamczyk. The changes are effective immediately.
In addition, Ben Driggs has been named Chief Operating Officer of Global High Growth Regions, a transition role that will lead him to become President of Global High Growth Regions on January 1, 2022. Driggs will succeed Shane Tedjarati, who has decided to retire at the end of 2021 after a 17-year career at Honeywell leading the company’s growth efforts in emerging regions. Tedjarati will remain in an advisory capacity to Honeywell over the next three years. Driggs will be based in Shanghai.
“Today’s announcement is a demonstration of both the outstanding quality of our leadership and our ability to develop capable and ready-now successors for executive-level roles,” said Darius Adamczyk, Chairman and Chief Executive Officer of Honeywell. “Throughout Vimal’s more than three decades with Honeywell, he has proven his outstanding leadership capabilities and deep knowledge of our end markets. Doug’s extensive experience in the controls industry has enabled him to drive better customer and market alignment in the fire and security business. Ben brings exceptional customer focus and extensive global experience to our Global High Growth Regions organisation. Honeywell will continue to be well positioned for global growth under leaders such as Vimal, Doug, and Ben, not to mention the rest of our management team.”
Since 2018, Kapur has led HBT, where he guided the business through a period of significant change and instilled an intense operational and customer focus. He drove a growth mindset in HBT, focusing on new products, outcome-based offerings like Healthy Buildings, and Connected solutions.