Honeywell Technologies – Honeywell Technologies announces leadership updates for Process Technology and Building Automation

August 19, 2026

Appointment of Honeywell Technologies veterans will strengthen leadership across the company’s businesses and support its long-term growth outlook
Billal Hammoud transitions to serve as President and CEO of Process Technology, part of the company’s Process Automation & Technology (PA&T) reportable business segment
Juan Picon, formerly President of highly successful Building Automation (BA) Americas business, will succeed Hammoud as President and CEO of Building Automation

CHARLOTTE, N.C.–(BUSINESS WIRE)–Aug. 19, 2026– Honeywell Technologies (Nasdaq: HON) announced the appointment of Billal Hammoud as President and CEO of Process Technology, a component of the company’s Process Automation & Technology reportable business segment, effective Oct. 1, 2026. A veteran of Honeywell Technologies, Hammoud will succeed Ken West who is leaving the company to pursue an external opportunity as of Aug. 31, 2026.

Juan Picon, President of Building Automation Americas, will succeed Hammoud as President and CEO of Building Automation, also effective Oct. 1, 2026. Hammoud and Picon will both report to Vimal Kapur, Chairman and CEO of Honeywell Technologies.

“Billal elevated Building Automation into one of our clearest examples of accelerated growth, disciplined transformation, customer-centered execution and new product innovation. His deep experience in strategy execution, track record of driving operational rigor to deliver strong results and successful M&A integration ─ including our $4.95 billion acquisition of Access Solutions ─ makes him the ideal choice to lead Process Technology into its next phase of growth and profitability.

“Juan brings more than two decades of Honeywell Technologies experience combining measurable business impact with a clear commitment to our customers and culture. Most recently, he led the creation of a regional structure in the Americas, pivoted the business towards higher growth verticals such as healthcare, hospitality and data centers and accelerated the adoption of Forge to deliver strong results,” said Vimal Kapur, Chairman and CEO of Honeywell Technologies.

“Both Billal and Juan’s appointments demonstrate the depth and strength of our leadership bench across Honeywell Technologies,” added Kapur. “We are also grateful to Ken for his contributions and his leadership in helping position Process Technology for future growth over the long term and wish him every success in his new endeavor.”

About Billal Hammoud

Since 2023, Hammoud has served as President and CEO of Building Automation, transforming the business by accelerating annual organic growth* from 2% in 2023 to 8% in 2025. With a sharper focus on higher-growth verticals, empowering local teams through a regional structure and bringing innovative new products to customers, including Honeywell Technologies Forge Connected Buildings, Hammoud led Building Automation to seven consecutive quarters of high-single-digit organic growth and margin expansion.

Prior to leading Building Automation, Hammoud served as President and General Manager of Smart Energy and Thermal Solutions for Honeywell Technologies Performance Materials and Technologies, leading a portfolio focused on energy management, electrification and thermal solutions. Earlier in his career, he held senior leadership roles including Vice President and General Manager of Thermal Solutions and Vice President and General Manager of Combustion Controls. Outside of Honeywell Technologies, Hammoud held leadership roles at ESAB (formerly part of Colfax). He holds an MBA and a B.S. degree in Mechanical Engineering from Wayne State University.

About Juan Picon

Since rejoining Honeywell Technologies in 2024 as President of the Fire Life Safety business, Picon has continued to expand his leadership impact across the company. As President of Building Automation Americas, he has strengthened customer engagement throughout the region while increasing the business’ focus on higher-growth verticals. Prior to returning to Honeywell Technologies in 2024, Picon served in executive leadership roles at Sensata Technologies, WESCO Distribution and General Cable.

Picon previously spent more than 18 years at Honeywell Technologies in a variety of leadership positions across the company’s business segments, including its automation and controls business. His accomplishments earned him the company’s annual Chairman’s Award in 2025, the highest recognition awarded to employees for superior performance. He holds an MBA from Arizona State University, a master’s degree in European Union Law from the University of Carlos III of Madrid, a Diploma in Business from the Centro de Estudios de Comercio of Madrid and a Law degree from the University Complutense of Madrid.

* This release contains financial measures presented on a non-GAAP basis. Honeywell Technologies’ non-GAAP financial measures used in this release are as follows:

Organic sales growth;

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.

Appendix

Non-GAAP Financial Measures

The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which reconciliations are attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP).

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes.

Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell’s and Honeywell Technologies’ businesses.

Honeywell International Inc.

Reconciliation of Organic Sales Percent Change

(Unaudited)

We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

SourceHoneywell Technologies

EMR Analysis

More information on Honeywell Technologies: See the full profile on EMR Executive Services

Honeywell Technologies, following the spin-off—of Honeywell Aerospace, is organized into three main business segments. It functions as a pure-play automation leader focused on industrial software, IoT, and the shift toward fully autonomous operations

Building Automation (BA)
Industrial Automation (IA)
Process Automation and Technology (PA&T)

More information on Vimal Kapur (Chairman and Chief Executive Officer, Honeywell Technologies): See the full profile on EMR Executive Services

More information on Mike Stepniak (Senior Vice President and Chief Financial Officer, Honeywell Technologies): See the full profile on EMR Executive Services

More information on Honeywell Building Automation Segment (BA) by Honeywell Technologies: https://buildings.honeywell.com/us/en/home + Through hardware, software, sensors, and analytics, Honeywell helps customers convert buildings into integrated, safe, and more sustainable assets. With solutions and services used in more than 10 million buildings worldwide, Building Automation will continue to strengthen Honeywell’s position in attractive end markets like hospitals, airports, education, and data centers.

More information on Billal Hammoud (President and Chief Executive Officer, Building Automation Segment (BA), Honeywell Technologies till October 1, 2026 + President and Chief Executive Officer, Process Technology, Process Automation and Technology (PA&T) Segment, Honeywell Technologies as from October 1, 2026): See the full profile on EMR Executive Services

More information on Juan Picon (President, Building Automation Americas, Building Automation Segment (BA), Honeywell Technologies till October 1, 2026 + President and Chief Executive Officer, Building Automation Segment (BA), Honeywell Technologies as from October 1, 2026): See the full profile on EMR Executive Services

More information on Process Technology by Process Automation and Technology (PA&T) Segment by Honeywell Technologies (previously named Energy and Sustainability Solutions Segment (ESS)): https://ess.honeywell.com/us/en + With a decades-long focus on sustainability, Honeywell enables the energy evolution, improves resiliency and efficiency, reduces emissions, and facilitates the circular economy. Honeywell’s expertise in this area will continue helping solve the world’s toughest challenges across our end markets.

More information on Ken West (President and Chief Executive Officer, Process Technology, Process Automation and Technology (PA&T) Segment, Honeywell Technologies till August 31, 2026): See the full profile on EMR Executive Services

More information on Global Access Solutions – LenelS2 by Honeywell Building Automation Segment (BA) by Honeywell Technologies: https://www.lenels2.com/en/ + Leader in commercial and enterprise access solutions. LenelS2 is the global leader in advanced physical security solutions, including access control, video surveillance and mobile credentialing. We innovate products, systems and services to address the most complex, evolving needs of some of the world’s most demanding organizations. Whether you’re operating a small- to medium-sized business or the largest global enterprise, our solutions are built to solve your unique challenges.

More information on Global Access Solutions – Onity by Honeywell Building Automation Segment (BA) by Honeywell Technologies: https://www.onity.com/en/us/ + Electronic locks, specifically hospitality access and mobile credentials. For over 80 years, we have understood the opportunity and potential that doors hold. As a worldwide leader in the access control industry, we have continually expanded our services and solutions to become a leading provider of innovative facility technologies, including mobile access technology, electronic locking systems, and electronic in-room safes.

More information on Global Access Solutions – Supra by Honeywell Building Automation Segment (BA) by Honeywell Technologies: https://www.suprasystems.com/ + Cloud-based electronic lockboxes and scheduling software. Supra has brought efficiency and peace of mind to the real estate industry since 1955 – providing a range of leading access solutions. Today, Supra offers easy-to-use lockboxes, digital key solutions and a showing management platform that allows agents to focus on their clients.

More information on Forge by Honeywell Technologies: https://www.honeywell.com/us/en/honeywell-forge + Forge is an IOT platform delivering AI-enabled applications and services for intelligent, efficient and more secure operations. Honeywell Forge tackles nine key business outcomes across industrial, buildings and aerospace applications and digital services, all accessed through an integrated portal. We’ve baked decades of operational experience and data into AI-based insights designed to help enhance productivity, optimize operations and support safety and security.

More information on ESAB Corporation: https://esabcorporation.com/ + Founded in 1904, ESAB Corporation is a premier narrowly diversified global leader in connected fabrication technology and gas control solutions. Our rich history of innovative products, workflow solutions, and business system, ESAB Business Excellence, enables our purpose of Shaping the World We Imagine™. ESAB Corporation is based in North Bethesda, Maryland and employs approximately 10,000 associates and serves customers in approximately 150 countries.

Industry leaders that shape the world, leverage ESAB’s broad portfolio of solutions to bring the next great idea into reality.

Our flagship brand, ESAB, was founded 120 years ago in the shipyards of Gothenburg, Sweden with the invention of the first welding electrode. Since then, we have been driving innovation across the global fabrication and gas control industries in automation, digital solutions, and robotics for light and heavy industrial companies, research, and healthcare.

Our portfolio includes the most respected names in fabrication, gas control, and advanced inspection and monitoring, including Thermal Dynamics, Victor, Cigweld, InduSuite, GCE, Ohio Medical, Bavaria, EWM and Eddyfi Technologies.

More information on Shyam P. Kambeyanda (Chief Executive Officer, ESAB Corporation): https://investors.esabcorporation.com/governance/executive-management/default.aspx + https://www.linkedin.com/in/esabceoshyam/

More information on Sensata Technologies: https://www.sensata.com/ + Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient, and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 16,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets.

More information on Stephan von Schuckmann (Chief Executive Officer, Sensata Technologies): https://investors.sensata.com/governance/executive-team/default.aspx + https://www.linkedin.com/in/stephan-von-schuckmann/

More information on Wesco: See the full profile on EMR Executive Services

More information on Anixter by Wesco: See the full profile on EMR Executive Services

More information on John J. Engel (Chairman, President & Chief Executive Officer, Wesco): See the full profile on EMR Executive Services

More information on Prysmian: See the full profile on EMR Executive Services

More information on Massimo Battaini (Group Chief Executive Officer and General Manager, Prysmian Group):

More information on General Cable by Prysmian: See the full profile on EMR Executive Services

EMR Additional Notes:

Main Academic Degrees and Professional Credentials:
- Undergraduate Degrees & Certificates:
  - Vocational and Technical Certificates (typically 6 Months to 2 Years): Career-focused credentials providing practical, hands-on training for specific occupations or technical fields. They can prepare individuals for specialized roles such as welding, automotive repair, electrical work, healthcare support, or information technology. Duration varies considerably depending on the program and country.
  - Associate Degrees (AA / AS / AAS – typically 2 Years): Undergraduate degrees generally offered by community colleges, junior colleges, and technical institutions. They can provide preparation for direct entry into technical or professional occupations or serve as the first stage toward a bachelor’s degree.
    - AA: Associate of Arts
    - AS: Associate of Science
    - AAS: Associate of Applied Science
  - BA (Bachelor of Arts): An undergraduate academic degree typically emphasizing humanities, social sciences, languages, arts, and related disciplines. BA programs generally develop communication, critical thinking, research, and analytical skills. The structure and requirements vary by institution and country.
  - BS (Bachelor of Science): An undergraduate academic degree typically focused on scientific, technical, quantitative, and analytical disciplines, including STEM fields. Programs may include laboratory work, mathematics, computing, and practical applications. The distinction between a BA and BS/BSc is not universal and depends on the institution and country.
- Postgraduate & Professional Degrees:
  - MA (Master of Arts): A postgraduate academic degree typically awarded in humanities, social sciences, languages, communication, history, literature, and related disciplines. MA programs build on bachelor’s-level education and generally emphasize advanced knowledge, research, critical thinking, and analysis. They commonly take one to two years, depending on the country and program.
  - MS / MSc (Master of Science): A postgraduate degree typically focused on scientific, technical, quantitative, and analytical disciplines. Programs may include advanced coursework, laboratory or applied research, a thesis, dissertation, or capstone project. Common fields include engineering, computer science, data science, biology, mathematics, finance, and healthcare.
  - MBA (Master of Business Administration): A postgraduate professional degree focused on business management, leadership, and organizational decision-making. Typical subjects include strategy, finance, marketing, accounting, operations, entrepreneurship, and leadership. An MBA is generally designed to develop broad management capabilities and is commonly pursued by professionals seeking management roles, career transitions, or entrepreneurial opportunities.
  - PhD (Doctor of Philosophy): A doctoral research degree representing the highest level of academic qualification commonly awarded by universities. Despite its name, a PhD is not limited to philosophy and can be awarded in almost any academic discipline. It normally involves advanced study, original research, and the preparation and defense of a doctoral thesis or dissertation. A PhD can prepare graduates for academic, research, and highly specialized professional careers, but holding a PhD does not automatically qualify someone to teach at a university; requirements vary by country, institution, and position.
- Professional Certifications & Designations:
  - CFA® (Chartered Financial Analyst®): A globally recognized professional designation awarded by the CFA Institute to investment professionals who meet its examination, professional-experience, and membership requirements.
    - The CFA Program consists of three levels of examinations and covers areas including investment analysis, portfolio management, financial reporting, economics, valuation, and professional ethics.
    - The CFA charter is particularly relevant to careers in investment management, portfolio management, equity research, and financial analysis.

Generally Accepted Accounting Principles (GAAP):
- GAAP is the set of accounting rules and standards established by the Financial Accounting Standards Board (FASB) that U.S. companies are required (for public companies) or expected (for others) to follow when preparing financial statements.
- The goal of GAAP is to ensure that financial statements are:
  - complete
  - consistent
  - comparable
  - reliable and transparent
- GAAP may be contrasted with non-GAAP (pro forma) reporting, which adjusts standard results to exclude certain items for analytical purposes.
- GAAP is used primarily in the U.S., while most other countries follow International Financial Reporting Standards (IFRS).
- GAAP is also used by state and local governments, although these typically follow standards issued by the Governmental Accounting Standards Board (GASB).

International Financial Reporting Standards (IFRS):
- IFRS is a globally recognized set of accounting standards used in most jurisdictions worldwide, including the European Union.
- It is issued by the International Accounting Standards Board (IASB) and is designed to make financial statements:
  - consistent
  - transparent
  - comparable across countries
- IFRS replaced the earlier International Accounting Standards (IAS) framework in 2001.
- IFRS fosters greater corporate transparency by emphasizing principles-based accounting, allowing companies to apply judgment based on economic substance.
- Chinese companies primarily follow Chinese Accounting Standards (ASBE), which are largely converged with IFRS but not identical.

=> GAAP vs. IFRS:
- GAAP: U.S.-focused, more rules-based, highly detailed
- IFRS: Global, more principles-based, flexible application