Honeywell Chairman and CEO Dave Cote was recently added to the prestigious Barron’s World’s Best CEOs in 2013 list. One of only thirty CEOs chosen from companies around the world, Cote is credited with transforming Honeywell and building a strong ten-year track record of financial performance, which includes increasing sales by 71% to $37.7 billion, EPS* by 197% to $4.48, and free cash flow by 66% to $3.7 billion, in addition to delivering a total shareowner return of 240%. Cote has also become a strong presence in Washington, D.C., focusing on bringing solutions to the toughest challenges facing the U.S.
In the article, Barron’s says, “At Honeywell, the runway is long and the tail winds are strong. There has been no letup on the throttle since Cote came on board in 2002, masterfully remaking a money-losing mishmash of businesses into a profitable leader in technology and manufacturing.”
The World’s Best CEOs list was created based on the views of Barron’s reporters and editors with insights from investors, analysts, and industry executives. Shareholder returns were a key criterion, in addition to financial soundness, employee motivation, innovative products, and maintaining consistent profit growth and shareholder gains.
For more information, read the March 24 issue.
*Proforma, EPS and V% exclude pension mark-to-market