Nov 3 (Reuters) - Honeywell 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 aerospace business since 2023 and has spent nearly two decades in senior roles at the company.
Earlier this year, Honeywell 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.
Reporting by Abhinav Parmar in Bengaluru; Editing by Leroy Leo
Source: Reuters