Honeywell Selects Executive Leaders for Aerospace Spin-off Transitioning to Independent Company

Honeywell Announces Leadership for Aerospace Spin-off

Honeywell (NASDAQ: HON) is making headlines once again as it gears up for the spin-off of its aerospace division, which will transform into an independent, publicly traded company. In an exciting announcement made on November 3, 2025, the company revealed the appointment of Jim Currier as President and Chief Executive Officer of Honeywell Aerospace. Alongside him, Craig Arnold has been designated as the Chairman of the Board.

The planned spin-off is well underway, with an expected completion in the latter half of 2026. The newly established Honeywell Aerospace aims to emerge as one of the largest public suppliers purely dedicated to aerospace, boasting impressive sales projections exceeding $15 billion for 2024. This division, renowned for its prolific technology used on both commercial and defense aircraft, is keen to leverage its leadership in propulsion, cockpit and navigation systems, as well as auxiliary power systems, to capitalize on favorable long-term growth trends in the industry.

Leadership Expertise

Vimal Kapur, Chairman and CEO of Honeywell, expressed confidence in the newly appointed leadership team, stating, "Together, Jim and Craig bring extensive leadership experience and complementary industry expertise across aerospace and industrial operations that make them the ideal fit to lead Honeywell Aerospace in this new chapter." This position of strength aims to increase the firm’s flexibility in advancing new technologies while sharpening its strategic focus to optimize capital allocation effectively.

Jim Currier, who has been leading Honeywell Aerospace Technologies since 2023, is no stranger to Honeywell's expansive operations. With nearly twenty years at the company, Currier has held vital roles, and under his guidance, the Aerospace Technologies branch has solidified its reputation as a frontline supplier in the aerospace and defense sectors.

Craig Arnold's Proven Track Record

On the other hand, Craig Arnold brings an extensive background in senior leadership from various industrial and technology companies. His most recent role was as Chairman and CEO of Eaton Corporation, where he drove transformative change through superior operational control and a robust corporate culture. Previously, he held prominent positions during his two-decade tenure at General Electric, showcasing his capability to navigate complex corporate landscapes.

Kapur also highlighted Craig Arnold's strong track record: "A proven leader with a deep track record of delivering transformational results and driving continuous improvement will enable him to provide strong strategic and governance oversight as Honeywell Aerospace evolves its business."

The Significance of the Spin-off

The full separation of Honeywell’s Aerospace Technologies business was initially announced on February 6, 2025, marking a significant shift for Honeywell’s corporate strategy. Part of the rationale behind this move is to empower Honeywell Aerospace as a standalone entity with dedicated focus on its niche market, free from the broader scope of Honeywell's diverse interests.

The timeline for the spin-off emphasizes usual conditions, including anticipated tax-free confirmation for shareholders from the IRS, adherence to regulations, and final approvals by the board of directors. It follows a similar announcement made on October 8, 2024, regarding the spin-off of Honeywell's Advanced Materials business, now known as Solstice Advanced Materials, which officially became an independent publicly traded company on October 30, 2025.

A Future-Ready Aerospace Leader

With a strong customer base worldwide, Honeywell Aerospace is poised to not just adapt but thrive in the evolving landscape of aerospace technology. The new leadership under Currier and Arnold heralds an era focused solely on aerospace, emphasizing the company’s commitment to sustainability, efficiency, and innovation in aviation.

As Honeywell embarks on this next chapter, stakeholders can anticipate a company fully dedicated to driving advancements in aerospace technology while delivering significant value to its customers and shareholders. The future of Honeywell Aerospace is indeed bright as it prepares to take flight as an independent entity, ready to shape the future of aviation.

For further updates on Honeywell and its ongoing innovations, visit their official newsroom at Honeywell Newsroom.