Honeywell Board of Directors Nominates Former U.S. Senator Judd Gregg to Stand for Election as a Director at 2011 Annual Meeting

News provided by

Mar 10, 2011, 07:00 ET

MORRIS TOWNSHIP, N.J., March 10, 2011 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that its Board of Directors has nominated former U.S. Senator from New Hampshire Judd Gregg, 64, to stand for election as a Director at the company's 2011 Annual Meeting of Shareowners with all of the incumbent Directors.

"Judd's leadership in public office over the past 30 years and experience with major economic, fiscal, and foreign policy makes him a terrific fit for our Board," said Honeywell Chairman and Chief Executive Officer Dave Cote. "As a former governor, he knows how to lead a complex agenda across a range of constituencies, manage a budget, and hold his team accountable for delivering real results. He is a great American leader and a champion of economic reform and reducing our national debt and deficit. The company will benefit from his first-hand knowledge of foreign affairs, commitment to math and science education, and public experience, at both the state and national levels, as we continue to drive productivity and growth at Honeywell."

Senator Gregg has spent more than three decades in public office, most recently serving as U.S. Senator from New Hampshire from 1993 to 2011. He has served on several Senate Committees including Government Affairs, Appropriations, Banking, Housing and Urban Affairs, Commerce, and Science and Transportation. Senator Gregg has served as Ranking Member and Chairman on the Senate Budget Committee and Health, Education, Labor, and Pensions Committee, Ranking Member on the Senate Appropriations Subcommittee on State and Foreign Operations, and as Chairman of the Senate Appropriations Subcommittee on Homeland Security.

Senator Gregg has been involved in key economic legislation including serving as the chief negotiator of the Emergency Economic Stabilization Act of 2008, the lead sponsor of the Deficit Reduction Act of 2005, and co-author of the No Child Left Behind Act of 2001. In 2010, Senator Gregg was appointed to President Obama's National Commission on Fiscal Responsibility and Reform.

From 1989 to 1992, Senator Gregg served as the Governor of New Hampshire, and from 1981 to 1989, he served in the U.S. House of Representatives.

Senator Gregg is a New Hampshire native and holds a bachelor's degree from Columbia University, a juris doctor from Boston University Law School, and a master of laws degree in tax law.

Honeywell International (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.