Honeywell on Monday announced that Jim Currier, the current president and CEO of Honeywell Aerospace Technologies, will continue to lead the business once it is spun off as an independent company some time next year.
Currier has led Honeywell’s aerospace division since 2023. He has served in a number of senior roles at the company, including as president of its electronic solutions business, president of the aftermarket organization across Europe, Middle East, Africa, and India, and vice president of airlines for North America.
Honeywell also said that Craig Arnold, currently the head of the board of directors of Medtronic, has been selected to serve as chairman of the board.
Arnold has significant experience in leadership at industrial- and technology-focused companies, including General Electric and Eaton Corp., according to Honeywell executives.
“Together, Jim and Craig bring extensive leadership experience and complementary industry expertise across aerospace and industrial operations that make them the ideal fit to lead Honeywell Aerospace in this new chapter,” Honeywell CEO and chairman Vimal Kapur said in a statement. “As a pure-play aerospace supplier with a highly focused leadership team, Honeywell Aerospace will not only have greater flexibility to advance innovative new technologies but also to sharpen its strategic focus and optimize capital allocation as it delivers for stakeholders while continuing to shape the future of aviation.”
Honeywell began evaluating a potential separation of the aerospace business in 2024 and announced plans for a spinoff in February. Kapur said at the time that the split would better position each entity to pursue future growth. The separation is expected to be complete by the second half of 2026.
Honeywell Aerospace will be one of the largest pure-play aerospace suppliers in the world, with over $15 billion in sales based on 2024 figures. The company will be headquartered in Phoenix.
The legacy Honeywell business will continue to focus on automation technology.
