Honeywell: hires new CFO for Resideo unit before spin-off
(CercleFinance.com) - Honeywell has appointed a chief financial officer to oversee its security and smart home technology unit Resideo, weeks ahead of plans to list the division on the New York Stock Exchange.
Ferroglobe's former CFO Joseph Ragan will take on the role.
At the silicon metal maker, Ragan took responsibility of the merger between FerroAtlantica and Globe Specialty Metals, and was in charge of a significant recapitalization, Honeywell said.
Resideo has also announced its new board of directors, with former Honeywell executive Roger Fradin set to lead the board, the group said.
"With an experienced CFO and skilled board of directors to advise us, we're ready for our spinoff and success as a standalone company," said Mike Nefkens, CEO of Honeywell Homes, which will become Resideo following the deal.
Resideo shares will begin trading on the New York Stock Exchange at a date that has yet to be announced.
Shares of Garrett Motion, Honeywell's former transportation systems unit, are expected to begin trading on the NYSE on or about Monday 17 September.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Ferroglobe's former CFO Joseph Ragan will take on the role.
At the silicon metal maker, Ragan took responsibility of the merger between FerroAtlantica and Globe Specialty Metals, and was in charge of a significant recapitalization, Honeywell said.
Resideo has also announced its new board of directors, with former Honeywell executive Roger Fradin set to lead the board, the group said.
"With an experienced CFO and skilled board of directors to advise us, we're ready for our spinoff and success as a standalone company," said Mike Nefkens, CEO of Honeywell Homes, which will become Resideo following the deal.
Resideo shares will begin trading on the New York Stock Exchange at a date that has yet to be announced.
Shares of Garrett Motion, Honeywell's former transportation systems unit, are expected to begin trading on the NYSE on or about Monday 17 September.
Copyright (c) 2018 CercleFinance.com. All rights reserved.