![]() Hassles aside, the fact is that everyone has struggled with the varying complexities of flight planning since the days of the E6B simply because there was no better way. All that just cranks the pre-trip anxiety meter up a few notches. And you have to do it for all the altitudes you may want to request. It takes a lot of time to collect all the information, analyze it, and compile it into a plan then you have to file that plan with ATC with the hope that you’ll hear those magic words: “cleared as filed.”Īnd, while today’s apps have made the process a bit easier, there are still times, especially when planning an international trip, that you have to switch between multiple sources to gather all the routing and weather information you need. "Gary is a welcome addition to our team and will help Honeywell continue to be a leader in connected technologies, building on our great positions in growing industries.Whether you are a dispatcher, Part 135 charter operator, or pilot, creating and filing flight plans is probably one of your least favorite tasks. "Gary has proven himself to be an innovative and energetic leader with a deep understanding of his customers and end markets and the ability to translate this knowledge into technology-differentiated offerings that bring value to customers," Adamczyk said. ![]() in mechanical engineering at Virginia Tech and his M.B.A. Michel has held several other roles, including executive director, Corporate Development, and general manager, Aftermarket Division, for Europe, the Middle East and Africa. Michel has also led Ingersoll-Rand's Club Car Road Development - Construction Technologies and Utility Equipment - Construction Technologies businesses. Most recently, he served as senior vice president and president, Residential HVAC and Supply, which he transformed to deliver substantial improvements in revenue and market share, operating income, commercialization processes, and technology platforms. Michel joins Honeywell from Ingersoll-Rand Company, where he has held a series of large leadership roles over the past 32 years. Michel succeeds Terrence Hahn, who will move to a leadership role reporting to Adamczyk and will help prepare the Homes and ADI businesses for the spin. Michel will report to Adamczyk and serve as a company officer. New Leader Appointed for Home and Building Technologies Business GroupĮffective immediately, Gary Michel will serve as president and CEO of Honeywell's Home and Building Technologies (HBT) strategic business group. ![]() The business is expected to have annualized revenue of approximately $4.5 billion, a high-yield credit rating, approximately 13,000 employees, and financial responsibility for certain Honeywell legacy liabilities. The new Homes and Global Distribution business will be a leader in the home heating, ventilation and air conditioning (HVAC) controls and security markets, and a leading global distributor of security and fire protection products. "The spun businesses will be better positioned to maximize shareowner value through focused strategic decision making and capital allocation tailored for their end markets," Adamczyk said. Honeywell will also have multiple levers for continuing to execute an aggressive capital deployment strategy, including a vigorous and disciplined M&A program. Our simplified portfolio will offer multiple platforms for organic growth and margin expansion through further deployment of our world-class HOS Gold operating system and the Honeywell Sentience Platform. These businesses are best positioned to leverage Honeywell synergies from our technologies, financial and business models, and talent. "The remaining Honeywell portfolio will consist of high-growth businesses in six attractive industrial end markets, each aligned to global mega trends including energy efficiency, infrastructure investment, urbanization and safety. As part of that review, we analyzed numerous criteria, including growth outlook, financial performance, market dynamics, potential for disruption, and, most importantly, assessment of fit as a Honeywell business," said Honeywell President and CEO Darius Adamczyk. ![]() "Today's announcement marks the culmination of a rigorous portfolio review involving a detailed assessment of every Honeywell business. The planned transactions are expected to be completed by the end of 2018. Honeywell today announced the results of its comprehensive portfolio review, including its intention to separately spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies.
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