CHARLOTTE, N.C. - Honeywell has announced the executive leadership team for its aerospace division, which is scheduled to spin off into an independent public company during the second half of 2026. The new entity, to be named Honeywell Aerospace, will establish its headquarters in Phoenix and trade on the Nasdaq under the ticker symbol HONA.
Josh Jepsen will join the organization as chief financial officer on February 23. Jepsen currently serves as the senior vice president and chief financial officer at Deere and Company, where he oversees global accounting and financial strategy. His background includes various leadership roles in investor relations and finance within the industrial sector.
The company also designated three presidents to lead its primary business units. Bob Buddecke will serve as the chief executive officer of Electronic Solutions, a division focused on integrated avionics, navigation, and electromagnetic defense. Dave Marinick will lead Engines and Power Systems, which produces propulsion and electric power hardware. Rich DeGraff will head Control Systems, a unit responsible for thermal and motion control technologies used in flight and life support.
These business unit leaders will officially assume their titles upon the completion of the spin-off. All four executives will report to Jim Currier, who was identified in late 2025 as the future president and chief executive officer of the independent aerospace company.
The restructuring is intended to align leadership with specific technology platforms. The Electronic Solutions branch will manage space and defense technologies, while Engines and Power Systems will focus on traditional and electric propulsion. Control Systems will provide mission-critical hardware for both commercial and military aircraft.
Honeywell Aerospace reported more than $15 billion in sales in 2024. Following the separation, the company will be one of the largest standalone aerospace suppliers in the world. Its hardware and software are currently integrated into the majority of commercial and defense aircraft platforms globally.
This leadership transition is a critical milestone in the "de-conglomeration" of Honeywell. By installing a veteran leadership team and a chief financial officer from outside the organization, the company is signaling to investors its commitment to operating as a focused, pure-play entity. In an era of supply chain volatility and rapid shifts toward electric aviation, an independent Honeywell Aerospace can more aggressively allocate capital toward specific defense and commercial aviation technologies without competing for resources with Honeywell’s other industrial divisions.
You have 0 item(s) in your cart
