Honeywell’s CEO on ‘the brutal truth’ about breaking up an industrial giant

Honeywell CEO Vimal Kapur addressed shareholder pressure from Elliott Investment Management to split the company's aerospace and automation divisions, confirming that Honeywell Aerospace will launch as a separate entity on June 29. Kapur emphasized that the restructuring was already underway before Elliott's 2024 letter, aligning with a broader trend of industrial conglomerates like 3M and GE breaking into focused entities.