On June 20, the TechAmerica Foundation honored Honeywell Chairman and CEO Dave Cote with the Corporate Leadership Award at the 2013 Technology and Government Dinner in Washington, D.C. The award recognizes visionary CEOs for their leadership in setting the model for creating and driving successful technology enterprises as well as their outstanding involvement and contributions to the U.S. technology sector.
"Dave Cote has had an immeasurable impact on the U.S. technology industry and the country as a whole, lending his expertise and passion to solidifying our country's fiscal future," said TechAmerica Foundation Chairman Shawn Osborne. "His influence on innovation is evidenced by the impact he and Honeywell have had by helping make the world safer and more secure, more comfortable and energy efficient, and more innovative and productive. Dave and Honeywell epitomize why this award was created."
Over the past decade, Mr. Cote’s vision and leadership has helped transform the company into a growing, global, technology leader. Under Mr. Cote, Honeywell has made more than 80 acquisitions and approximately 50 divestitures, building on its great positions in good industries. Since 2003, the company's sales have increased 71 percent to $37.7 billion, earnings per share by 197 percent to $4.48, and free cash flow by 66 percent to $3.7 billion, while delivering a total shareowner return of 240 percent. Earlier this year, Cote’s leadership was also recognized by Chief Executive magazine when he was named 2013 CEO of the Year. To view a list of Honeywell’s recent awards and recognition, click here.
The TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the Foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, which is the leading voice and resource for the U.S. technology industry.