The Chief Executive magazine has named Honeywell chairman and CEO Dave Cote as the ‘2013 CEO of the Year’, an honour that recognises an outstanding corporate leader nominated and selected by peers.
The award recognises the transformation of Honeywell under Cote’s leadership over the past decade. During that time, Honeywell has increased sales by 71% to USD 37.7B, pro forma EPS1 by 197% to USD 4.48, and delivered a total shareowner return of 240%, consistently outperforming the S&P 500 during that timeframe. Today, Honeywell is a global company with 54% of sales coming from outside the U.S. as opposed to 41% ten years ago. Since 2003, Honeywell has made more than 75 acquisitions and 50 divestitures, building great positions in good industries around the world.
Nominations for CEO of the Year were garnered from Chief Executive magazine’s 124,000 readers. The ten most-frequently cited nominations were evaluated and a winner was voted upon by a peer Selection Committee consisting of CEOs from leading global corporations.
“Receiving the honour of CEO of the Year is very rewarding”, said Cote. “I’m confident that Honeywell’s future performance will further validate Chief Executive magazine’s selection.”
