Darius Adamczyk Explained

Darius Adamczyk
Birth Date:8 February 1966
Birth Place:Poland
Education:Michigan State University (BS)
Syracuse University (MS)
Harvard University (MBA)
Chairman of Honeywell
Term:April 2020 – present
Predecessor:David M. Cote
Successor:Vimal Kapur

Darius Adamczyk (born February 8, 1966) is a Polish-American businessman. He is the chairman (and former CEO) of Honeywell, an American multinational conglomerate.[1]

Early life and education

Adamczyk was born in Poland on February 8, 1966, and immigrated to the US at the age of 11, speaking no English.[2] [3] [4] His family settled in Grand Rapids, Michigan. He went to Michigan State University to study electrical and computer engineering, where he received his bachelor's degree.[5] He received a master's degree in computer engineering from Syracuse University, and an MBA from Harvard University.[6]

Career

Adamczyk started his career with General Electric in 1988, as an electrical engineer.[3] He later spent four years at Booz Allen Hamilton, a consulting firm, followed by positions at Ingersoll-Rand PLC and Metrologic.

In 2008, Adamczyk was CEO of Metrologic Inc when Honeywell purchased the holding company for $720 million.[7] After the purchase, Adamczyk joined Honeywell's executive team. He became president of Honeywell Process Solutions in 2012. After two years in this role, he then became president and CEO of Honeywell Performance Materials and Technologies in 2014. In June 2016, it was announced that David M. Cote would step down as CEO of Honeywell at the end of March 2017 and Adamczyk would succeed him. Cote continued as executive chairman through April 2018, when he stepped down and Adamczyk was elected chairman.[8] [1]

Fortune Magazine reported on Adamczyk’s leadership style, "Adamczyk used a similar strategy in his various roles: apply analytical rigor to identify areas of potential growth, chop deadweight, and lean into software and automation."[9] After assuming his post, Adamczyk ordered a comprehensive portfolio review process that included input from industry experts and stakeholders.[10] The company announced two major divestments that represented about $7.5 billion in revenues. The company also became the first major American public company to disclose its ratio of CEO pay to median employee.[11] Adamczyk is also noted for building on the company's Sentience platform and expanded it into Honeywell Forge, a cloud-based IoT platform and product development framework for the development of scalable software.[12]

Awards and memberships

The Carnegie Corporation of New York honored Adamczyk with 2019 Great Immigrant Award.[13] Adamczyk was awarded the Foreign Policy Association’s Corporate Social Responsibility Award.[14] He is a member of The Business Roundtable,[15] The Business Council,[16] and Council on Foreign Relations.[17] President Trump selected Adamczyk to join the Great American Economic Revival Industry Groups.[18]

On June 1, 2023 Adamczyk became Executive Chairman of Honeywell and was succeeded by Vimal Kapur as CEO.[19]

See also

External links

Notes and References

  1. Web site: Board of Directors - Honeywell. investor.honeywell.com. 23 April 2018.
  2. Web site: Darius Adamczyk President and CEO. Honeywell. 7 September 2017.
  3. Web site: Honeywell Names New President & COO | Water Quality Products . Wqpmag.com . April 4, 2016 . May 3, 2017.
  4. Web site: Executive Profile | Honeywell International Inc. | Darius Adamczyk | Customer Intelligence . Boardroominsiders.com . April 28, 2017 . May 3, 2017 . September 7, 2017 . https://web.archive.org/web/20170907171209/https://www.boardroominsiders.com/executive-profiles/1004923/Honeywell-International-Inc./Darius-Adamczyk . dead .
  5. News: Challenge for Honeywell's New CEO: Keep Up the Winning Streak. Gryta. Thomas. 2017-09-26. The Wall Street Journal. 2018-05-18. en-US. 0099-9660.
  6. Web site: Darius Adamczyk. carnegie.org. 2019-12-22.
  7. Web site: Francisco Partners wraps up $720M sale of Metrologic Instruments. www.bizjournals.com. 2018-05-18.
  8. Web site: Mann . Ted . Honeywell CEO Cote to Step Down in March . The Wall Street Journal . June 28, 2016 . June 29, 2016.
  9. Web site: Honeywell lasers in on tech. 2020-08-03. Fortune. en.
  10. Book: Greene, Jeffrey R. . The Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats . Krouskos . Steve . Hood . Julie . Basnayake . Harsha . Casey . William . John Wiley & Sons . 2018 . 978-1-119-41813-9 . en.
  11. Book: Mallin, Christine . Corporate Governance, Sixth Edition . Oxford University Press . 2018 . 978-0-19-253873-4 . Oxford . 260 . en.
  12. Book: Cote, David M. . Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term . HarperCollins Leadership . 2020 . 978-1-59951-021-7 . New York . 181 . en.
  13. Web site: York. Carnegie Corporation of New. Darius Adamczyk. 2020-08-03. Carnegie Corporation of New York. en.
  14. Web site: Foreign Policy Association. 2020-08-03. www.fpa.org.
  15. Web site: Members. 2020-08-03. www.businessroundtable.org. en.
  16. Web site: Admin. Member List. 2020-08-03. The Business Council. en-US.
  17. Web site: Council on Foreign Relations. 2020-08-03. Council on Foreign Relations. en.
  18. Web site: President Donald J. Trump Announces Great American Economic Revival Industry Groups. 2020-08-03. National Archives. whitehouse.gov. en-US.
  19. Web site: Honeywell Names 34-Year Honeywell Veteran Vimal Kapur To Succeed Darius Adamczyk As CEO On June 1, 2023; Kapur Elected To Company's Board Of Directors; Adamczyk To Serve As Executive Chairman. March 14, 2023. honeywell.com. November 30, 2023.