Honeywell (HON -0.4%) CFO Dave Anderson is retiring after a decade at the company and will be replaced by Tom Szlosek, who was previously VP of Corporate Finance.
The move is part of a reshuffle of Honeywell's leadership, with senior execs Andreas Kramvis and Roger Fradin being promoted to the newly created positions of Vice Chairmen. Kramvis was the head of the company's Performance Materials & Technologies (PMT) division, while Fradin ran Automation & Control Solutions (ACS).
Honeywell is also moving its Process Solutions operations from ACS to PMT, which includes UOP and Advanced Materials as well.
ACS will comprise Honeywell Building Solutions and Energy, Safety & Security. (PR)