Seven growth quarters put Hammoud in new Honeywell (HON) role
Rhea-AI Filing Summary
Honeywell International Inc. (HON) announced leadership changes effective October 1, 2026. Billal Hammoud, currently President and CEO of the Building Automation (BA) segment, will become President and CEO of Process Technology (PT), part of the Process Automation & Technology segment, succeeding Ken West, who will leave the company on August 31, 2026. Juan Picon, currently President of Building Automation Americas, will succeed Hammoud as President and CEO of BA; both Hammoud and Picon will serve as executive officers reporting to Chairman and CEO Vimal Kapur.
The company highlights Hammoud’s record of improving BA’s performance, including increasing annual organic sales percent change from 2% in 2023 to 8% in 2025 and delivering seven consecutive quarters of high-single-digit organic growth and margin expansion. An attached appendix reconciles BA’s reported and organic sales growth and explains Honeywell’s use of non-GAAP measures such as organic sales percentage.
Positive
- Building Automation organic growth accelerated: BA organic sales percent change improved from 2% in 2023 to 8% in 2025, supported by a 13% reported sales percent change in 2025 and focus on higher-growth verticals.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Building Automation reported sales percent change 2025: 13%
Building Automation reported sales percent change 2023: 1%
Building Automation organic sales percent change 2025: 8%
+4 more
7 metrics
Building Automation reported sales percent change 2025
13%
Twelve months ended December 31, 2025 for Building Automation segment
Building Automation reported sales percent change 2023
1%
Twelve months ended December 31, 2023 for Building Automation segment
Building Automation organic sales percent change 2025
8%
Twelve months ended December 31, 2025, after adjusting for FX, acquisitions and other items
Building Automation organic sales percent change 2023
2%
Twelve months ended December 31, 2023, adjusted for FX, acquisitions and other items
Impact of acquisitions on 2025 BA reported sales percent change
5%
Adjustment used in reconciling 2025 reported to organic sales percent change for BA
Effective date of new PT and BA leadership roles
October 1, 2026
Date when Hammoud and Picon assume new President and CEO roles
Ken West departure date
August 31, 2026
Date current PT President and CEO leaves the company
Key Terms
organic sales percent change, non-GAAP financial measures, foreign currency translation, divestitures, +1 more
5 terms
organic sales percent change financial
"We define organic sales percentage as the year-over-year change in reported sales"
non-GAAP financial measures financial
"This release contains financial measures presented on a non-GAAP basis"
Non-GAAP financial measures are numbers companies use to show their financial performance that exclude certain expenses or income. They help investors see how the company might perform without one-time costs or other unusual items, giving a different perspective from official reports. However, since they can be adjusted, they don’t always tell the full story and should be looked at alongside standard financial figures.
foreign currency translation financial
"excluding the impact on sales from foreign currency translation, acquisitions"
Foreign currency translation is the process of converting financial statements prepared in one currency into another currency so they can be combined or compared. Investors care because exchange rate swings can change reported revenue, profit and asset values even when a company’s underlying business hasn’t changed — like converting vacation spending back to your home money and seeing the total rise or fall depending on the day’s exchange rate.
divestitures financial
"adjusted for the impact of divestitures to the prior period"
Divestitures are the process of a company selling or getting rid of a part of its business, like selling a division or a product line. This often helps the company focus on its core activities or improve its financial health. For investors, divestitures can signal strategic changes or influence the company's value and future growth prospects.
Process Automation & Technology technical
"Process Technology, a component of the company’s Process Automation & Technology"
FAQ
What leadership changes did HON announce for Process Technology and Building Automation?
Honeywell International Inc. appointed Billal Hammoud as President and CEO of Process Technology and Juan Picon as President and CEO of Building Automation, both effective October 1, 2026, with Hammoud succeeding Ken West, who departs August 31, 2026.
How has Honeywell’s Building Automation segment (HON) performed under Billal Hammoud?
Under Hammoud, Building Automation’s organic sales percent change rose from 2% in 2023 to 8% in 2025, with seven consecutive quarters of high-single-digit organic growth and margin expansion, reflecting stronger execution and focus on higher-growth verticals.
What experience does Juan Picon bring to his new role at HON?
Juan Picon has more than two decades of Honeywell experience plus leadership roles at Sensata Technologies, WESCO Distribution, and General Cable. He led Building Automation Americas, strengthened customer engagement, focused on higher-growth verticals, and earned Honeywell’s Chairman’s Award in 2025.
When will Ken West leave Honeywell International Inc. (HON)?
Ken West, the current President and CEO of Process Technology, will leave Honeywell on August 31, 2026 to pursue an external opportunity, after which Billal Hammoud will assume leadership of the Process Technology business on October 1, 2026.
How does Honeywell (HON) define and use organic sales percent change?
Honeywell defines organic sales percentage as year-over-year reported sales change adjusted for divestitures, and excluding foreign currency translation, acquisitions in their first 12 months, and certain unusual or non-recurring items, to better analyze ongoing operating trends alongside GAAP results.
What was Honeywell’s reported sales percent change for Building Automation in 2025?
For the twelve months ended December 31, 2025, Building Automation reported a 13% sales percent change, compared with 1% in 2023, with a 5% contribution from acquisitions in 2025 and no reported impact from divestitures or foreign currency translation that year.
Does Honeywell (HON) provide reconciliations for its non-GAAP financial measures?
Yes. Honeywell provides reconciliations of non-GAAP financial measures, including organic sales percent change, to the most directly comparable GAAP measures in an appendix, explaining adjustments such as divestitures, foreign currency translation, acquisitions, and unusual or non-recurring items.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT – August 19, 2026
(Date of earliest event reported)
(Exact name of Registrant as specified in its Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
......(Address of principal executive offices).................................................(Zip Code)
Registrant’s telephone number, including area code: (704 ) 627-6200
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On August 19, 2026, Honeywell International Inc. (the “Company”) announced the appointment of Mr. Billal Hammoud, age 54, as President and CEO of Process Technology (“PT”), a component of the Company’s Process Automation & Technology reportable business segment, effective October 1, 2026. Mr. Hammoud currently serves as President and CEO of the Company’s Building Automation reportable business segment (“BA”), a position he has held since 2023. Prior to that role, he served as President and CEO of the Company’s Building Technologies reportable business segment and President and General Manager of the Company’s Smart Energy and Thermal Solutions businesses. He holds an MBA and a B.S. degree in Mechanical Engineering from Wayne State University. Mr. Hammoud will continue to be an executive officer of the Company, reporting to the Company’s Chairman and CEO, Mr. Vimal Kapur.
The Company also announced that Mr. Juan Picon, age 57, has been appointed to succeed Mr. Hammoud as President and CEO of BA, effective October 1, 2026. Mr. Picon currently serves as President of the Company’s Building Automation business in the Americas, a position he has held since October 2024. Prior to that role, Mr. Picon served in executive leadership roles at Sensata Technologies, WESCO Distribution, and General Cable and previously served more than 18 years at Honeywell in a variety of leadership positions across the Company's business segments, including its automation and controls business. Mr. Picon will be an executive officer of the Company, reporting to Mr. Kapur.
The current President and CEO of PT, Mr. Ken West, age 49, will depart from the Company on August 31, 2026.
Item 7.01 Regulation FD Disclosure
The Company issued the press release attached hereto as Exhibit 99.1 with respect to the matters set forth in Item 5.02 above.
The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibits are filed as part of this report:
Exhibit # | Description | |||||||
| 99.1 | Press release issued by Honeywell International Inc. on August 19, 2026 | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | August 19, 2026 | HONEYWELL INTERNATIONAL INC. | |||||||||||||||
By: /s/ Su Ping Lu | |||||||||||||||||
| Su Ping Lu | |||||||||||||||||
| Senior Vice President, General Counsel and Corporate Secretary | |||||||||||||||||
Exhibit 99.1
Contacts: | |||||
Media | Investor Relations | ||||
Stacey Jones | Mark Macaluso | ||||
(980) 378-6258 | (704) 627-6118 | ||||
Stacey.Jones@honeywell.com | Mark.Macaluso@honeywell.com | ||||
Honeywell Technologies Announces Leadership Updates for Process Technology and Building Automation
•Appointment of Honeywell Technologies veterans will strengthen leadership across the company’s businesses and support its long-term growth outlook
•Billal Hammoud transitions to serve as President and CEO of Process Technology, part of the company’s Process Automation & Technology (PA&T) reportable business segment
•Juan Picon, formerly President of highly successful Building Automation (BA) Americas business, will succeed Hammoud as President and CEO of Building Automation
CHARLOTTE, N.C., Aug. 19, 2026 -- Honeywell Technologies (Nasdaq: HON) announced the appointment of Billal Hammoud as President and CEO of Process Technology, a component of the company’s Process Automation & Technology reportable business segment, effective Oct. 1, 2026. A veteran of Honeywell Technologies, Hammoud will succeed Ken West who is leaving the company to pursue an external opportunity as of Aug. 31, 2026.
Juan Picon, President of Building Automation Americas, will succeed Hammoud as President and CEO of Building Automation, also effective Oct. 1, 2026. Hammoud and Picon will both report to Vimal Kapur, Chairman and CEO of Honeywell Technologies.
“Billal elevated Building Automation into one of our clearest examples of accelerated growth, disciplined transformation, customer-centered execution and new product innovation. His deep experience in strategy execution, track record of driving operational rigor to deliver strong results and successful M&A integration ─ including our $4.95 billion acquisition of Access Solutions ─ makes him the ideal choice to lead Process Technology into its next phase of growth and profitability.
“Juan brings more than two decades of Honeywell Technologies experience combining measurable business impact with a clear commitment to our customers and culture. Most recently, he led the creation of a regional structure in the Americas, pivoted the business towards higher growth verticals such as healthcare, hospitality and data centers as well as accelerating the adoption of Forge to deliver strong results,” said Vimal Kapur, Chairman and CEO of Honeywell Technologies.
"Both Billal and Juan’s appointments demonstrate the depth and strength of our leadership bench across Honeywell Technologies,” added Kapur. “We are also grateful to Ken for his contributions and his leadership in helping position Process Technology for future growth over the long term, and wish him every success in his new endeavor.”
About Billal Hammoud
Since 2023, Hammoud has served as President and CEO of Building Automation, transforming the business by accelerating annual organic growth* from 2% in 2023 to 8% in 2025. With a sharper focus on higher-growth verticals, empowering local teams through a regional structure and bringing innovative new products to customers ─ including Honeywell Technologies Forge Connected Buildings ─ Hammoud led Building Automation to seven consecutive quarters of high-single-digit organic growth and margin expansion.
Prior to leading Building Automation, Hammoud served as President and General Manager of Smart Energy and Thermal Solutions for Honeywell Technologies Performance Materials and Technologies, leading a portfolio focused on energy management, electrification and thermal solutions. Earlier in his career, he held senior leadership roles including Vice President and General Manager of Thermal Solutions and Vice President and General Manager of Combustion Controls. Outside of Honeywell Technologies, Hammoud held leadership roles at ESAB (formerly part of Colfax). He holds an MBA and a B.S. degree in Mechanical Engineering from Wayne State University.
About Juan Picon
Since rejoining Honeywell Technologies in 2024 as President of the Fire Life Safety business, Picon has continued to expand his leadership impact across the company. As President of Building Automation Americas, he has strengthened customer engagement throughout the region while increasing the business' focus on higher-growth verticals. Prior to returning to Honeywell Technologies in 2024, Picon served in executive leadership roles at Sensata Technologies, WESCO Distribution and General Cable.
Picon previously spent more than 18 years at Honeywell Technologies in a variety of leadership positions across the company’s business segments, including its automation and controls business. His accomplishments earned him the company’s annual Chairman’s Award in 2025, the highest recognition awarded to employees for superior performance. He holds an MBA from Arizona State University, a master’s degree in European Union Law from the University of Carlos III of Madrid, a Diploma in Business from the Centro de Estudios de Comercio of Madrid and a Law degree from the University Complutense of Madrid.
About Honeywell Technologies
Honeywell Technologies is a global, pure-play automation company with a legacy of innovating to help solve the world’s most mission-critical challenges, enhancing the quality of life for people and communities around the world. We serve the building, industrial, and process sectors with a broad portfolio of services, solutions, and products, underpinned by our Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. By combining the deep domain expertise of our more than 50,000 employees with decades of data from our global installed base, we are uniquely positioned to lead the industrial sector’s transition from automation to autonomy. For more news and information on Honeywell Technologies, please visit Honeywell Technologies Newsroom.
* This release contains financial measures presented on a non-GAAP basis. Honeywell Technologies' non-GAAP financial measures used in this release are as follows:
•Organic sales growth;
Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.
Appendix
Non-GAAP Financial Measures
The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which reconciliations are attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP).
Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure.
Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's and Honeywell Technologies’ businesses.
Honeywell International Inc.
Reconciliation of Organic Sales Percent Change
(Unaudited)
Twelve Months Ended December 31, | |||||||||||
2025 | 2023 | ||||||||||
Building Automation | |||||||||||
Reported sales percent change | 13% | 1% | |||||||||
Less: Impact of divestitures to the prior period | —% | —% | |||||||||
Reported sales percent change, adjusted for impact of divestitures | 13% | 1% | |||||||||
Less: Foreign currency translation | —% | (1)% | |||||||||
Less: Acquisitions | 5% | —% | |||||||||
Less: Other | —% | —% | |||||||||
Organic sales percent change | 8% | 2% | |||||||||
We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.