Honeywell Names Rhonda Germany Vice President, Strategy and Business Development

Business Wire, Oct 25, 2002

Business Editors

MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--Oct. 25, 2002

Honeywell (NYSE:HON) said today that it has appointed Rhonda Germany to the position of Vice President, Strategy and Business Development, and as an Officer of the corporation. Germany will report directly to Honeywell Chairman and CEO Dave Cote.

"Rhonda will be instrumental in building a powerful growth culture within Honeywell," Cote said. "She will focus on our customers and markets, the technologies we have developed, and catalyzing new strategies to enable us to capitalize on the wide range of growth opportunities available to Honeywell."

Germany will be responsible for leading Honeywell's strategic planning process and will work closely with senior leadership to develop a framework for driving growth initiatives worldwide, including assessing the company's current portfolio for expansion into new markets and new product offerings.

Prior to joining Honeywell, she was Vice President, Partner and Board Member of Booz, Allen & Hamilton, a $2 billion management and technology consulting firm specializing in strategy, operations and IT consulting. During her 14 years at the firm, Germany consulted to senior management teams within the energy, chemicals, biotech and pharmaceutical industries. Prior to joining Booz, Allen & Hamilton, Germany ran an independent consulting firm specializing in strategic planning, and turnaround and growth strategies for companies across multiple industries. She has also held a number of management positions at other firms, including Chem Systems Inc. and Union Carbide.

Germany earned an MBA in finance from the University of Connecticut and a BSChE in chemical engineering from the University of Michigan.

Honeywell is a US$24-billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; power generation systems; specialty chemicals; fibers; plastics; and electronic and advanced materials. Honeywell is traded on the New York Stock Exchange under the symbol HON, as well as on the London, Chicago and Pacific stock exchanges. It is one of the 30 stocks that make up the Dow Jones Industrial Average and is also a component of the Standard & Poor's 500 Index. Additional information on the company is available on the Internet at www.honeywell.com.

This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts as further described in our filings under the Securities Exchange Act.