American conglomerate Honeywell has announced the company’s ‘veteran’ Vimal Kapur as its next chief executive officer.
Currently working as the president and chief operating officer, the Indian-origin business executive will assume his new role on June 1, succeeding Darius Adamczyk who will stay at the company as its chairman.
Kapur now joins the growing number of Indian-origin executives appointed to key positions in multinationals based in the West, led by Google and Alphabet CEO Sundar Pichai, Microsoft chief executive Satya Nadella and Arvind Krishna of IBM.
Last month, Neal Mohan was appointed to the corner office of Google’s video-sharing platform YouTube.
Kapur, who specialises in instrumentation, “is absolutely the right person” to lead Honeywell “to the next level of growth and stellar performance,” Adamczyk said on Tuesday (14).
A graduate in electronics engineering from Thapar Institute of Engineering in India’s Patiala, Kapur, 57, joined Honeywell soon after his education. His career at the company has spanned more than three decades during which he held several key positions.
He was named president and chief operating officer in July of last year and has overseen the integration of the Honeywell Accelerator across the organisation.
Kapur previously worked as the president and CEO of Honeywell’s Performance Materials Technologies (PTM) which is involved in the development of high-performance products and solutions.
Kapur has demonstrated that he can “nimbly evolve business strategies to fit any circumstances,” Adamczyk said.
Having brought “34 years of deep knowledge about our businesses”, Kapur is capable of driving Honeywell’s “sustainable innovation and solidifying our position to lead in the energy transition,” Adamczyk said.
Honeywell, based in North Carolina, is a Fortune 100 company with a global workforce of 97,000. The 117-year-old company, which clocked a revenue of 35.47 billion (£29.37 bn) in 2022, is involved in aerospace, performance materials & technologies, building technologies and safety & productivity solutions.
