HONEYWELL ANNOUNCES CFO, BUSINESS UNIT LEADERS FOR HONEYWELL AEROSPACE
Rhea-AI Summary
Honeywell (Nasdaq: HON) announced leadership for the planned Honeywell Aerospace spin-off, naming Josh Jepsen as CFO effective February 23, 2026 and appointing Bob Buddecke, Dave Marinick and Rich DeGraff as presidents and CEOs of three business units.
The aerospace company will be headquartered in Phoenix, trade as HONA and is on track for a standalone public listing in the second half of 2026. As a pure-play aerospace supplier, it reported more than $15 billion in 2024 sales.
Positive
- $15 billion in 2024 sales demonstrating large scale
- Spin-off on track for second half of 2026
- CFO Josh Jepsen joining from Deere effective Feb 23, 2026
Negative
- Separation depends on SEC filings, tax confirmation and approvals
- New leadership roles take effect only upon completion of the spin
News Market Reaction – HON
On the day this news was published, HON declined 0.49%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
HON gained 1.91% while peers showed mixed moves (e.g., MMM -0.79%, SEB +2.17%, OTTR +1.88%), indicating a stock-specific reaction rather than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 14 | IPO plans | Neutral | +1.3% | Planned confidential S-1 submission for Quantinuum IPO. |
| Jan 02 | Earnings scheduling | Neutral | +0.4% | Announcement of Q4 results date and 2026 outlook call. |
| Dec 22 | Guidance and charges | Negative | -1.6% | Guidance reduced and litigation-related charges disclosed. |
| Dec 10 | Board appointment | Positive | +1.0% | Indra Nooyi added to board as Independent Director. |
| Nov 11 | AI collaboration | Positive | +2.2% | AI-assisted control room pilot with TotalEnergies announced. |
Recent news has generally seen modest positive price reactions, including board and strategic announcements, with one decline on guidance and litigation updates.
Over the last few months, Honeywell has reported several strategic updates with mostly positive reception. An AI collaboration on Nov 11, 2025 saw shares rise 2.21%, and the appointment of Indra Nooyi on Dec 10, 2025 coincided with a 0.99% gain. A guidance adjustment and litigation charges on Dec 22, 2025 led to a -1.58% move. In early 2026, an IPO-related Quantinuum announcement and an earnings-date notice produced smaller gains of 1.31% and 0.4%, respectively, suggesting investors often respond constructively to governance and portfolio actions.
Market Pulse Summary
This announcement details the leadership team and structure for Honeywell Aerospace ahead of its planned spin-off, including a new CFO effective February 23 and three business unit CEOs. Honeywell Aerospace reported over $15 billion in 2024 sales and targets separation in the second half of 2026, subject to conditions such as an effective Form 10. Investors may monitor subsequent filings, updated financials, and progress on Honeywell’s broader portfolio optimization, including prior separation of Solstice Advanced Materials.
Key Terms
form 10 registration statement regulatory
AI-generated analysis. Not financial advice.
- Josh Jepsen will join Honeywell Aerospace as CFO; Bob Buddecke, Dave Marinick and Rich DeGraff to lead business units
- These leaders will report to President and CEO Jim Currier, forming the core Honeywell Aerospace leadership team
- Spin-off of Honeywell Aerospace, which will be one of the largest publicly listed pure-play aerospace and defense companies, on track for second half of 2026
Josh Jepsen will join Honeywell Aerospace as Chief Financial Officer, effective February 23. He is currently Senior Vice President & Chief Financial Officer of Deere & Company, overseeing the company's worldwide accounting and finance function and advising on major financial and strategic issues. Prior to this role, he held senior positions across finance, investor relations and accounting at Deere.
Bob Buddecke has been named President and Chief Executive Officer of Electronic Solutions. Buddecke brings more than 27 years of experience at Honeywell, where he has held key leadership roles focused on operational excellence, supply chain performance, strategic growth and cross‑business innovation.
Dave Marinick will become President and Chief Executive Officer of Engines & Power Systems. With more than 37 years at Honeywell, he brings deep expertise in business strategy, engineering leadership and large‑scale program management.
Rich DeGraff will serve as President and Chief Executive Officer of Control Systems. DeGraff's career includes senior roles outside of Honeywell along with more than 17 years at the company where he has held a range of leadership positions emphasizing customer engagement, P&L ownership and business growth.
The business units they will lead are designed to sharpen strategic focus and align leadership with the company's core technology platforms:
- Electronic Solutions (ES) provides integrated avionics, navigation and sensors, electromagnetic defense and high-performance space solutions.
- Engines & Power Systems (E&PS) supplies propulsion systems, auxiliary power units and electric power solutions.
- Control Systems (CS) delivers mission-critical thermal and motion control systems that enable flight, life support and safety across all forms of aircraft.
Buddecke, Marinick and DeGraff will assume their new titles upon completion of the spin. All will report directly to Jim Currier, previously announced in November 2025 as the President and CEO of Honeywell Aerospace.
"These appointments position Honeywell Aerospace for long-term success as we advance toward launching an independent company that will play a vital role in the aerospace and defense industry," said Jim Currier, President and CEO of Honeywell Aerospace. "Each of these leaders brings the skill, operational experience and deep customer focus needed to execute our strategy and drive continued growth as a pure-play aerospace business of our scale."
As a standalone company, Honeywell Aerospace will be one of the largest publicly listed pure-play aerospace suppliers, with more than
Honeywell's Portfolio Optimization
On February 6, 2025, Honeywell announced its intent to pursue a full separation of its Aerospace Technologies business. The separation is expected to be completed in the second half of 2026, subject to certain customary conditions, including, among others, the filing and effectiveness of applicable filings (including a Form 10 registration statement) with the
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology, that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Forward-Looking Statements
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the
1 Sales figures represent 2024 actual results.
Contacts: | ||
Media | Investor Relations | |
Stacey Jones | Sean Meakim | |
(980) 378-6258 | (704) 627-6200 | |
View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-announces-cfo-business-unit-leaders-for-honeywell-aerospace-302668469.html
SOURCE Honeywell
FAQ
What leadership changes did Honeywell announce for Honeywell Aerospace (HON) on Jan 22, 2026?
When will Honeywell Aerospace (HONA) become an independent public company?
What ticker will Honeywell Aerospace use after the spin-off?
Where will Honeywell Aerospace be headquartered after the separation?
How large is Honeywell Aerospace by revenue before the spin-off?
What conditions could delay the Honeywell Aerospace spin-off (HON)?
