Honeywell Transportation Systems

03.12.2012
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Honeywell Transportation Systems Forms New Global Aftermarket Organization

Enhanced Customer Service is Key to Extending Global Growth of Honeywell’s Turbocharger and Brake Component Aftermarket Businesses

ROLLE, SWITZERLAND, March 12, 2012 – Honeywell (NYSE: HON) Transportation Systems, a leading global developer of automotive turbochargers and friction materials, has created a new dedicated cross-functional organization to lead the ongoing global growth of its aftermarket businesses. The new organization will be led by Vice President and General Manager Olivier Rabiller.

Rabiller joined Honeywell in 2002 after several years with Renault. He has served Honeywell Transportation Systems in several executive positions including his most recent as the vice president of Sourcing, and previously as vice president of Sales for Passenger Vehicles and director of marketing for Turbo Technologies Europe. He will report to Honeywell Transportation Systems President and CEO Alex Ismail.

Honeywell expects the aftermarket business to continue to grow, already representing more than one-fourth of the sales in Transportation Systems. Honeywell Transportation Systems reported in January increased 2011 sales across its business of more than $3.8 billion vs. nearly $3.2 billion in 2010.

 “As we see increased global growth for our aftermarket business, it is essential that we create an organization focused on customer service with the right resources and organizational structure needed to succeed in this competitive industry,” said Rabiller. “Honeywell’s new aftermarket organization will allow us to serve our turbocharger and brake component distributors with a dedicated, end-to-end cross functional and cross-business structure.”

Honeywell Transportation Systems is a leading automotive supplier and 2011 PACE award winner for automotive innovation, technological advancement and business performance. Honeywell Transportation Systems enhances vehicle performance, efficiency and appearance through state-of-the-art technologies, world-class brands, and global solutions tailored for its automotive customers around the world.

Media Contacts:
Mike Stoller
Honeywell Communications
+1 (734) 392-5525
michael.stoller@honeywell.com

Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges.  For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.