1、2024ANNUAL REPORTOver the past century,a spirit of transformation has driven Honeywells ability to deliver for customers and produce value for all stakeholders.Looking ahead,this gives me great confidence in our plans for separating into three industry-leading,publicly traded companies with a sharp
2、focus and strong potential for sustained value creation.I am incredibly excited to continue leading us forward to write the next chapter in Honeywells storied history.As I look back on my formative years in India,the need for adaptability and flexibility was constant.I grew up in a small town,where
3、my family did not have a climate-controlled house,a car or a refrigerator many of the basic amenities that people now consider essential.As I grew up and experienced a better and safer life,I learned that driving dramatic improvements often requires embracing change.Everything my upbringing instille
4、d in me about the value of transformation was ultimately put into practice when I joined Honeywell,at the young age of 24 years,as part of a joint venture in India that had to find its future in a highly competitive environment requiring growth,innovation and results.All of these experiences informe
5、d the four beliefs,which I practice in every business I have run:simplify,innovate to grow,transform continuously and have an operating system.In my first major role as President of Honeywells Process Solutions business in 2014,everything came full circle,and I made a focus on transformation a key o
6、perating principle.Our results in the subsequent years were impressive.When I was then tasked with leading Honeywells Building Automation business in 2018,I instilled a similar set of principles that once again generated strong performance.As Chairman and CEO,I have come to believe that our ability