New York: It’s yet another Indian-origin business executive who has occupied the corner office of a top American MNC.
Honeywell International said on Tuesday that Vimal Kapur, who has more than three decades of experience in leading the diversified manufacturer’s various businesses, will succeed Darius Adamczyk as chief executive.
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 specialization in instrumentation.
He has held several key positions in the company, including CEO of its building technologies as well as performance materials and technologies units. Kapur also oversees the company’s operating model, Honeywell Accelerator, which uses various tools, processes and best practices to improve efficiency.
“Honeywell’s next operational evolution, under Vimal’s leadership, will be the incorporation of Accelerator and standardization of global business models to enable maximal performance in each business segment,” Adamczyk said in a statement.
Adamczyk, who has been Honeywell’s CEO since 2017, will continue to serve as executive chairman and draw a base salary of $1.3 million, the company said in a regulatory filing. Kapur’s base salary as CEO will be $1.5 million, Honeywell said. He has also served as managing director for Honeywell Automation India (HAIL).