Honeywell, a U.S. industrial conglomerate, announced plans to split into three independent companies. The move follows pressure from shareholders to simplify the company's structure and allow each segment to operate more freely. Honeywell will separate its automation and aerospace technologies businesses, joining the previously announced spinoff of its advanced materials business.
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The board of Honeywell International Inc. had been exploring strategic options for the company since earlier in 2024. The separation of the automation and aerospace technologies businesses is expected to be completed in the second half of 2026. The spinoff of the advanced materials business is anticipated to be completed by the end of this year or early next year.
Iconic CEOs like Jack Welch of General Electric spent years building corporate American behemoths with the belief that with scale came power. Yet those massive companies were forced to compete with upstarts with a narrow focus and a more clearly defined set of goals.
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