Honeywell Names Mike Madsen To Lead Aerospace Business Group, Tim Mahoney To Drive Enterprise Transformation, Jeff Kimbell Joins Company As Chief Commercial Officer

CHARLOTTE, N.C., Oct. 15, 2019

Madsen and Mahoney will work closely over the coming weeks to ensure a smooth transition of responsibilities. Both will serve as company officers, reporting to Chairman and CEO Darius Adamczyk and based in Phoenix, Ariz.

Honeywell Aerospace is a technology and services leader with products and services found on virtually every commercial, defense and space aircraft in the world.

"Mike's tenure in Honeywell Aerospace has allowed him to gain leadership experience in major business units as well as core support functions, including operations. He is an extremely effective leader and change agent who is passionate about the aerospace industry and serving customers at the highest level," Adamczyk said. "Under Mike's leadership, we expect continued acceleration in our development of advanced technologies that blend hardware and software to create more fuel-efficient aircraft, more direct and on-time flights, and safer skies and airports.

"We are fortunate to have someone with Mike's level of experience and extensive exposure to our end markets ready to take the helm of Honeywell Aerospace, and equally fortunate to have the benefit of Tim's expertise and continued presence on our senior leadership team that will help ensure we transition the role comprehensively and seamlessly," Adamczyk said. "I would like to thank Tim for his multiple decades of leadership which placed Honeywell at the forefront of the aerospace industry. Tim is taking on an extremely important Enterprise Transformation role as we continue the process of digitizing and modernizing our global support functions across the board. We have a big opportunity in front of us to enhance core processes to greatly benefit our customers, employees and all Honeywell stakeholders. We have made substantial progress to date and anticipate Tim will accelerate our efforts and generate even more value."

Most recently, Madsen served as Vice President, Integrated Supply Chain, for Honeywell Aerospace, with broad responsibility for the business group's global supply chain and manufacturing facilities. Previously, he was President, Honeywell Aerospace Defense and Space, a unit that served original equipment manufacturers (OEMs) along with the aftermarket, military, government agency and commercial helicopter customers internationally. He also held leadership positions within the Air Transport and Regional business. Madsen began his career at Honeywell as an engine performance engineer supporting the TFE731, ATF3 and CFE738 engines. He also led development activities on a wide range of products ranging from solar dynamic power systems to cryogenic valves, launch vehicle actuation systems and aircraft pneumatic components. He earned a B.S. in aerospace engineering from Arizona State University and an M.B.A. from Duke University.

Mahoney joined Honeywell in 1997 after a 20-year career at United Technologies within the Commercial Customer Segment of Sikorsky Aircraft. He led multiple business units within Honeywell Aerospace and also served as Chief Technology Officer. Mahoney earned a B.S. in mechanical engineering from the University of South Florida. He later graduated from the Defense Systems Management College and Harvard Business School's Program for Management Development.