Honeywell Appoints Marc Steinberg to Board of Directors
Honeywell announced
that its Board of Directors has elected Marc Steinberg, a Partner at
Elliott Investment Management, L.P., to its Board of Directors as an
independent Director and Audit Committee member, effective May 31, 2025.
As a Partner at
Elliott, Steinberg is responsible for public and private equity investments
across a range of industries, including the industrials sector. Prior to
joining Elliott in 2015, he worked at investment bank Centerview Partners. His
extensive financial expertise spans capital markets, corporate finance,
investor relations, mergers and acquisitions, and capital allocation.
"We welcome
Marc's valuable perspectives and collaboration, which will complement the
experience of our current board," said Vimal Kapur, Chairman and CEO
of Honeywell. "I greatly appreciate the constructive insights that Marc
has shared with Honeywell over the past months and recognize a shared vision
for the opportunity ahead. On behalf of the board, I look forward to working
with Marc to help realize that opportunity and unlock significant value for our
shareholders."
"Honeywell is
among the world's most important industrial companies,"
said Steinberg. "As one of its largest investors, we welcome the
opportunity to partner with Vimal and the Board as Honeywell executes a
separation into three independent, industry-leading companies. This portfolio
transformation will position Honeywell to drive meaningful operational improvements
and unlock a significant value-creation opportunity. Over the past several
months, we have forged a productive partnership with the Company, and I look
forward to helping Honeywell realize its full potential."
Steinberg currently
serves on the boards of Etsy, Inc. and Pinterest, Inc. as well as two private
companies: Syneos Health and Nielsen Holdings, plc. Steinberg holds an A.B.
from Harvard College, from which he graduated magna cum laude and Phi Beta
Kappa.
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