Jim Currier
Coverage of Jim Currier in the Nexus archive.
- Honeywell bets its breakup will generate huge value
Honeywell is splitting into three companies, with Solstice Advanced Materials acquiring Element Solutions for $14.5 billion. Share prices for Honeywell Aerospace and Solstice have dropped post-spinoff, though CEO Jim Currier remains optimistic about future deals. GE's 2021 split created significant value, but a Harvard study found most large spinoffs fail to generate new shareholder value.
- Honeywell ditches conglomerate model
Honeywell Aerospace, a spinoff of Honeywell International, is criticized by CEO Jim Currier for the outdated conglomerate model. The company aims to focus on mission-critical hardware, faces a 3% stock decline post-spinoff, and plans M&A after addressing $10.5 billion in debt from the spinoff, which includes a dividend to its former parent. It reports a $19 billion backlog growing 20% annually.