Honeywell Chairman and CEO Dave Cote to Receive Corporate Leadership Award
Mr. Cote to be Honored With TechAmerica Foundation's Highest Award
WASHINGTON, May 1, 2013 (GLOBE NEWSWIRE) -- The TechAmerica Foundation is
pleased to announce that Honeywell Chairman and CEO Dave Cote will be honored
with the Corporate Leadership Award at the 2013 Technology and Government
Dinner on June 20^th in Washington, D.C.
The TechAmerica Foundation's Corporate Leadership Award recognizes visionary
CEOs for their leadership in setting the model for creating and driving
successful technology enterprises as well as their outstanding involvement and
contributions to the U.S. technology sector. Mr. Cote joins a distinguished
group of recipients including Vint Cerf of Google, Bill McDermott of SAP,
Kevin Johnson of Juniper and Steve Ballmer of Microsoft.
"Dave Cote has had an immeasurable impact on the U.S. technology industry and
the country as a whole, lending his expertise and passion to solidifying our
country's fiscal future," said TechAmerica Foundation Chairman Shawn Osborne.
"His influence on innovation is evidenced by the impact he and Honeywell have
had by helping make the world safer and more secure, more comfortable and
energy efficient, and more innovative and productive. Dave and Honeywell
epitomize why this award was created."
Helming Honeywell for over a decade as the Chairman and CEO, Mr. Cote has
overseen and managed a tremendous transformation of the company. Under his
leadership, the company has made more than 70 acquisitions and approximately
50 divestitures, building on the company's great positions in good industries.
Since 2003, the company's sales have increased 71 percent to $37.7B, earnings
per share by 197 percent to $4.48, and free cash flow by 66 percent to $3.7B,
while delivering a total shareowner return of 240 percent.
Mr. Cote has also become a strong presence in Washington, D.C., focusing on
bringing solutions to the toughest challenges facing the U.S. In 2010,
President Obama appointed Mr. Cote to the National Commission on Fiscal
Responsibility and Reform, often called the Simpson-Bowles Commission—a
bipartisan panel charged with finding ways to address the country's growing
debt. He is also a founding member of the "Campaign to Fix the Debt", where he
has been a leading corporate voice in Washington, D.C., calling on
Congressional lawmakers and the Obama administration to negotiate a grand
bargain to address the country's long-term deficit problems. He is one of ten
U.S. CEOs that serve on the U.S.-India CEO Forum, and he was named co-chair by
President Obama in 2009.
"It is a great honor to be selected for the TechAmerica Foundation Corporate
Leadership Award," said Honeywell Chairman and CEO Dave Cote. "Honeywell's
'Great Positions in Good Industries' has been a huge driver of our development
for more than a decade. We've positioned ourselves well within strong
macro-trends like energy efficiency, clean energy generation, safety and
security, customer productivity, and globalization to address some of the
world's toughest challenges. Our broad portfolio, focus on consistent seed
planting and investment in R&D, more global company, and focus on diversity of
opportunity creates a lot of runway for future growth. We look forward to
continuing to deliver for our customers and shareholders, and giving our
employees the opportunity to work on innovation that is changing the world."
Mr. Cote is a graduate of the University of New Hampshire, where he earned a
bachelor's degree in business administration. In 2009, he was made an honorary
professor at the Beihang University of Aeronautics and Astronautics in
Beijing, China, and in 2011, Cote received an honorary Doctor of Humane
Letters from his alma mater. In 2001, Cote received an honorary Doctor of Laws
degree from the Graziadio School of Business and Management, Pepperdine
University. Mr. Cote is a member of the Board of Directors of JP Morgan Chase
and is an advisor to Kohlberg Kravis Roberts & Co.
Honeywell is a diversified technology and manufacturing company with worldwide
services and products, including aerospace products and services; control
technologies for buildings, homes and industry; turbochargers; and performance
materials. The company's approximately 132,000 employees, including more than
20,000 scientists and engineers, are focused on developing innovative products
and solutions that help Honeywell's customers – and, in turn, their customers
– improve performance and productivity.
The TechAmerica Foundation's Technology and Government Dinner is the premier
Washington, D.C. technology networking event, bringing together hundreds of
industry and government leaders to celebrate the technology industry. The
Technology and Government Dinner will be held on June 20, 2013 at the Ronald
Reagan Building in Washington, D.C.
During the dinner, the TechAmerica Foundation presents the American Technology
Awards, which are the only "Best Of" awards that recognize technology products
and services across the technology industry.
About TechAmerica Foundation
The TechAmerica Foundation educates industry executives, policy makers and
opinion leaders on the promise of technological innovation to advance
prosperity, security and the general welfare. Launched in 1981, the Foundation
is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, which is the
leading voice and resource for the U.S. technology industry. The Foundation
disseminates award-winning industry, policy and market research covering
topics such as U.S. competitiveness in a global economy, innovation in
government, and other areas of national interest. It also organizes
conferences and seminars to explore pertinent issues with government and
industry representatives and to share the Foundation's findings. Learn more
about TechAmerica Foundation at www.techamericafoundation.org.
CONTACT: Stephanie Craig at 202-682-4443 or
Press spacebar to pause and continue. Press esc to stop.