Honeywell names Cote president and CEO; Bossidy to remain chairman through June

MORRIS TOWNSHIP, N.J. –- Honeywell’s board of directors has elected David M. Cote, 49, to serve as president, CEO and member of the board effective immediately. He succeeds Lawrence A. Bossidy, 66, who will remain chairman and a member of the Board of Honeywell until he retires on June 30, 2002.

Cote previously was chairman, president and CEO of TRW, the $16 billion Cleveland-based products and services provider for the space, defense and automotive markets. Before joining TRW, Cote spent 25 years in various management and leadership positions at General Electric.