Honeywell International (HON) said Tuesday its advanced materials business will be named Solstice Advanced Materials after its spinoff, which will be completed by late 2025 or early 2026.
David Sewell has been named president and chief executive officer of Solstice, effective immediately, while Rajeev Gautam will be non-executive chairman of its board of directors. Tina Pierce has been tapped to become chief financial officer, effective May 1.
The company also said Solstice Advanced Materials will be headquartered in Morris Plains, New Jersey.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.