Honeywell has appointed veteran industrial sector exec Carlos Cardoso as board chairman at its Transportation Systems unit, which it plans to spin off this quarter as publicly traded Garrett Motion Inc.
Cardoso, who has more than two decades of experience in leading industrial companies, will begin his role once the spinoff is completed. He also is a principal of CMPC Advisors, a consultancy to private equity firms.
"Carlos has distinguished himself as a successful leader of public companies with extensive experience in manufacturing and distribution operations,” Honeywell Chairman and CEO Darius Adamczyk said in a statement. “He has a strong track record of successful portfolio management and asset allocation in support of growth.”