Honeywell Names Roger Fradin President and CEO Automation and Control Solutions

Business Wire, Jan 5, 2004

Business Editors

MORRIS TOWNSHIP, N.J.--(BUSINESS WIRE)--Jan. 5, 2004

Honeywell (NYSE: HON) announced today that Roger Fradin has been named President and CEO of its $7 billion Automation and Control Solutions (ACS) business. Fradin will report to Chairman and CEO Dave Cote and become an Executive Officer of the company. He succeeds Kevin Gilligan, who resigned from Honeywell to pursue leadership opportunities outside the company.

"Roger is superbly qualified and his track record of success in leading several ACS enterprises puts him in terrific position to drive growth across our entire portfolio of automation and control businesses," said Cote. "Roger will undoubtedly bring a strong focus on growth and performance to a business group that is already well positioned in industries with growing demand for its products and services, which provide comfort, safety, security, and productivity to customers around the world. When I joined Honeywell two years ago, Kevin agreed to remain as leader of ACS for a period of time to instill a renewed focus on growth and performance, and to identify his successor and work toward an orderly transition. As a result of Kevin's efforts, Roger is well-prepared to lead ACS, and he will build on a solid foundation. I would like to thank Kevin for his strong leadership during his 26 years with the company and wish him much success in the future."

Most recently, Fradin served as President of Automation and Control Products (ACP), a diverse business unit that encompassed Honeywell's Sensing and Control; Security; Fire; and Environmental and Combustion Controls enterprises. Previously, Fradin was President of Honeywell's Security and Fire Solutions enterprise, a title he held since February 2000, when he joined Honeywell following the acquisition of the Pittway Corporation. Fradin first joined the former Pittway business in 1976 and served as President of ADEMCO from 1985 to 2000.

Fradin earned his B.S. in economics, summa cum laude, and his M.B.A. from The Wharton School of the University of Pennsylvania.

In a realignment of the ACS management structure intended to eliminate redundancy and increase focus on growth, the leaders of the ACP businesses - Sensing and Control; Honeywell Security; Honeywell Fire; and Environmental and Combustion Controls - will report to Fradin along with the leaders of Honeywell Building Solutions Americas, Honeywell Building Solutions EMEA (Europe, Middle East and Africa), Honeywell Process Solutions, and ACS Asia Pacific. Fradin will be based in Minneapolis.

Honeywell International is a $22 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; specialty chemicals; fibers; and electronic and advanced materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, 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. For additional information, please visit 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.