Honeywell International Inc. has announced key leadership changes, including the resignation of board member Robin L. Washington, who will step down on March 31, 2025, following her appointment as President and Chief Operating and Financial Officer of Salesforce, Inc. The company acknowledged her contributions and stated that her resignation was unrelated to any internal disagreements.

Additionally, Honeywell’s Board of Directors has appointed Mike Stepniak as Senior Vice President and Chief Financial Officer, effective February 17, 2025. Stepniak, who has held various financial leadership roles at Honeywell since 2020 and previously worked at General Electric, will report to CEO Vimal Kapur. His compensation package includes a base salary of $925,000, an annual incentive target equal to his salary, and long-term incentives valued at $3.8 million.

Gregory P. Lewis, the outgoing CFO, will transition into a newly created role as Senior Vice President, Transformation and Senior Advisor. His new salary is set at $750,000 with an annual incentive target equal to his salary. He is expected to transition into a Senior Advisor role later in 2025, at which point his salary will be reduced to $100,000, and he will no longer be eligible for incentive-based compensation.

These leadership changes come as Honeywell continues to refine its executive structure, with Stepniak assuming financial oversight and Lewis shifting toward a strategic advisory role. The company has filed offer letters outlining the terms of their transitions as part of its latest SEC disclosure.