This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Chief Executive Magazine Names Honeywell CEO David Cote 2013 CEO Of The Year

GREENWICH, Conn., May 31, 2013 /PRNewswire/ --  Chief Executive magazine today announced that David Cote, Chairman and CEO of Honeywell (NYSE: HON), has been named "2013 CEO of the Year," an honor bestowed upon an outstanding corporate leader, nominated and selected by a group of his peers. 

During Cote's tenure as CEO, Honeywell stock has risen +223.5%, compared to rises of +52.8% and +57.1% for the S&P 500 and Dow Jones Industrial Average, respectively.  Also under Cote's leadership, Honeywell has shed non-core assets and focused its efforts around global macro-trends with strong future prospects, including safety, security, energy efficiency, energy generation, globalization, and customer productivity. 

Cote was appointed by President Obama to both the bipartisan National Commission on Fiscal Responsibility and Reform (commonly known as the Simpson-Bowles Commission) and the U.S.-India CEO Forum.  He is also a leading voice and Steering Committee member on the "Campaign to Fix the Debt."

"David exemplifies everything as it relates to being a leading chief executive officer, from performance internally to statesmanship externally," said Jeff Sonnenfeld, CEO of The Yale Chief Executive Leadership Institute at The Yale School of Management.

"David's been able to master the talent of being able to strategize and execute to make things happen," said David Novak, CEO of Yum Brands and 2012 CEO of the Year.  Despite overseeing more than 80 acquisitions, "he's incorporated them into one seamless culture that's working [and] reinforces overall performance."

"Wealth creation, long term results—a remarkable turnaround," added Christine Jacobs, chairman, president and chief executive of Theragenics.  "Cote exemplifies qualities needed to not only sustain a valued US brand, but shepherd it through an economic downturn that many did not survive."

"At a time when American manufacturing is making a comeback, David personifies functional and leadership excellence," commented Fred Hassan, Chairman of Bausch & Lomb and a Partner at Warberg Pincus.  "And, on top of that, he's a very good person."

Nominations for CEO of the Year were garnered from among the 124,000 readers of Chief Executive magazine.  The 10 most frequently cited nominations were evaluated and a winner voted upon at a meeting of a peer Selection Committee, which took place earlier this year in New York City.

Recent CEO of the Year winners include David Novak, Alan Mulally, Hugh Grant, Jim Skinner, Anne Mulcahy and Bob Ulrich.

The 2013 CEO of the Year Selection Committee was comprised of Dan Glaser (CEO, Marsh & McLennan), Fred Hassan (Chairman, Bausch & Lomb; Partner, Warburg Pincus), William Hickey (CEO, Sealed Air), Christine Jacobs (CEO, Theragenics), Tamara Lundgren (CEO, Schnitzer Steel), Bob Nardelli (CEO, XLR-8), David Novak (CEO, Yum! Brands), William R. Nuti (CEO, NCR), Jeffrey Sonnenfeld (CEO, The Yale Chief Executive Leadership Institute), and James S. Turley (CEO, Ernst & Young).   Tom Saporito, Chairman of RHR International, was an advisor to the Selection Committee.

Cote's selection as 2013 CEO of the Year will be celebrated at an invitation-only event hosted by NYSE Euronext and the Chief Executive Group at the New York Stock Exchange in July.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs