Honeywell International Inc. (HON, Financial) has announced a significant leadership transition effective May 5, 2025. Su Ping Lu, currently serving as Vice President and Corporate Secretary, will succeed Anne T. Madden as Senior Vice President and General Counsel. This change is subject to the approval of the company's Board of Directors.
Ms. Madden, who has been with Honeywell for several years, will transition to a newly created role as Senior Vice President, Portfolio Transformation and Senior Advisor. Both Ms. Lu and Ms. Madden will continue to report to Chairman and CEO Vimal Kapur.
Ms. Lu joined Honeywell in 2009 and has held various senior roles within the company's legal team. Her extensive experience includes serving as General Counsel for Aerospace Technologies in the Asia Pacific region. She holds a B.A. in international relations and economics from Stanford University and a J.D. from Columbia University.
In her new role, Ms. Madden will receive a base salary of $750,000, with a target annual incentive compensation opportunity equal to 100% of her base salary. Additionally, she will be eligible for annual long-term incentive awards with a target value of $2,000,000.
This executive transition marks a strategic move for Honeywell as it continues to focus on portfolio transformation and growth. For more detailed insights and updates on Honeywell International Inc., visit GuruFocus.com.
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