Honeywell on April 28 named the anticipated Board of Directors for Honeywell Aerospace, putting Craig Arnold in the role of independent chair as the company prepares to separate its aerospace business from the parent group. Jim Currier, the president and chief executive of Honeywell Aerospace, will also join the 11-person board.
The appointments are set to take effect only when the planned spin-off is completed, which Honeywell expects to happen on June 29, 2026. After the split, Honeywell Aerospace is expected to become one of the largest publicly listed pure-play aerospace and defense companies.
Honeywell said the board includes directors with aerospace and defense experience along with technology, financial and capital markets backgrounds, a mix meant to guide the company as it comes out on its own. The separation still needs final approval from Honeywell's board and must clear other customary conditions before it closes.
Vimal Kapur said the board was designed to provide the leadership, domain knowledge and different perspectives that would support stakeholders as the business moves toward greater electrification, autonomy and safety. He added that he is confident Honeywell Aerospace is prepared to succeed as an independent company and help shape the future of flight.
Currier said the company is aiming to use its innovation-driven growth strategy, scalable technology platform and commitment to operational excellence to extend its leadership in attractive end markets while delivering value for customers, employees and shareowners. He said he looks forward to working with Arnold and the rest of the board as the company enters its next chapter.
The announcement gives investors and employees a clearer picture of who will oversee the business if the separation goes through, but the most important hurdle is still ahead: final approval of the spin-off itself. Until that happens, the board exists on paper, not in power.
