Vimal Kapur, who has more than three decades of expertise managing the diverse manufacturer's numerous operations, will succeed Darius Adamczyk as CEO, according to Honeywell International.
The 57-year-old Kapur will take over the top role on June 1, roughly 10 months after he was appointed Honeywell’s president and chief operating officer. Kapur joined the company after completing his education in India. He graduated from the Thapar Institute of Engineering in Patiala as an electronics engineer with a specialisation in instrumentation.
He formerly served as the CEO of the business units for performance materials and technologies as well as building technology. In addition, Kapur is in charge of the Honeywell Accelerator operating system, which employs a number of tools, procedures, and best practices to boost productivity.
“Honeywell’s next operational evolution, under the incorporation of Accelerator and standardisation of global business models to enable maximum performance segment,” Adamczyk said in a statement.
According to a regulatory filing from the business, Adamczyk, who has been Honeywell's CEO since 2017, will continue to hold the position of executive chairman and receive a base compensation of $1. 3 million. According to Honeywell, Kapur's base pay as CEO will be $1. 5 million. Also, he has held the position of managing director for Honeywell Automation India (HAIL).