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# Honeywell Designates David Sewell as Chief Executive Officer of Progressive Resources Enterprise
### Significant Points
* Honeywell International revealed its intention to divide into three separate entities last month. On Tuesday, they revealed David Sewell as the Chief Executive Officer of their Progressive Resources enterprise.
* Sewell formerly functioned as Chief Executive Officer of WestRock Organization, a paper and packaging business obtained by Smurfit Kappa. His new placement takes effect right away.
* The Progressive Resources section is anticipated to turn off by late 2025 or early 2026, rebranding as Solstice Progressive Resources, and will be situated in Morris Plains, New Jersey.
Honeywell International (HON) publicized last month its intention to split into three separate firms. On Tuesday, they designated David Sewell as Chief Executive Officer of their Progressive Resources enterprise.
Sewell, formerly the Chief Executive Officer of WestRock Organization, a paper and packaging firm obtained by Smurfit Kappa, assumes his new placement without delay.
The Progressive Resources section is scheduled for separation by late 2025 or early 2026, evolving into Solstice Progressive Resources, with its headquarters in Morris Plains, New Jersey. Honeywell characterizes Solstice Progressive Resources as a “publicly traded, sustainability-centered specialty chemicals and resources firm.” The section produced almost $4 billion in income last year, according to Honeywell.
Furthermore, Honeywell has designated Rajeev Gautam as the non-executive chairman of the board, effective upon the separation of Solstice Progressive Resources. Gautam, who retired in 2021, formerly functioned as the Chief Executive Officer of Honeywell’s Performance Resources and Technologies enterprise.
Honeywell’s S&P 500 Fluctuations: International Paper Envisions Promising Horizon, Stock Ascends remained relatively constant in premarket trading, displaying an upsurge of roughly 5% over the past year.
