Honeywell has announced the future Board of Directors for Solstice Advanced Materials, a specialty materials company that will be formed after its planned spin-off from Honeywell. Solstice is expected to have strong positions in several markets, including refrigerants, semiconductor materials, protective fibers, and healthcare packaging.
Dr. Rajeev Gautam, former President and CEO of Honeywell’s Performance Materials and Technologies business, will serve as Independent Chair of the 10-person Board. David Sewell, President and CEO of Solstice Advanced Materials, will also join the Board along with other leaders who have experience in industrial, technology, chemicals, and materials sectors.
“This is an exceptional and strategically diversified group of directors, who will bring cross-sector insight and proven leadership across the industries and technologies that will shape Solstice’s future,” said Vimal Kapur, Chairman and CEO of Honeywell. “With their guidance, Solstice will be well-positioned to drive growth and deepen customer relationships from day one.”
David Sewell stated, “Solstice will enter this next chapter with strong momentum, a clear strategic vision, and a team ready to deliver. I look forward to working with Rajeev and this accomplished group of directors as we prepare to launch an industry-leading company defined by innovation, operational excellence, and a sharp focus on long-term value creation for our stakeholders.”
The new Board will begin its work once the spin-off is completed in the fourth quarter of 2025.
Honeywell describes itself as an integrated operating company serving various industries worldwide. The company focuses on automation, aviation’s future, and energy transition through business segments such as Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. More information about Honeywell can be found at www.honeywell.com/newsroom.
Honeywell also communicates important updates for investors through its Investor Relations website at www.honeywell.com/investor.
The company notes that forward-looking statements in its announcements are based on current expectations but may differ due to various risks or changes in conditions. These include uncertainties related to the completion or benefits of the spin-off transaction as well as broader economic or geopolitical factors.
