Major award for Honeywell chief!

03/07/2013
Recognises the transformation of Honeywell his leadership over the past decade!

Chief Executive Magazine has named named Honeywell Chairman and CEO Dave Cote “2013 CEO of the Year,” an honour that recognises an outstanding corporate leader nominated and selected by peers. The award will be featured on the cover of Chief Executive Magazine’s July issue.

Company progress
The award recognises the transformation of Honeywell under Cote’s leadership over the past decade. During that time, Honeywell has increased sales by 71% to $37.7 billion, pro forma EPS by 197% to $4.48, and delivered a total shareowner return of 240%, consistently outperforming the S&P 500 during that timeframe. Today, Honeywell is a global company, with 54% of sales coming from outside the U.S. versus 41%  ten years ago. Since 2003, Honeywell has made more than 75 acquisitions and 50 divestitures, building great positions in good industries around the world.

David Cote, Honeywell CEO

David Cote, Honeywell CEO

“It’s a great honor to be recognized as Chief Executive’s CEO of the Year,” said Cote. “I’m proud of Honeywell’s performance and the terrific returns we’ve provided our shareowners. We’ve transformed Honeywell into a global growth company, led by common initiatives, behaviors, and processes. Our ‘One Honeywell’ culture has been a powerful piece of our growth story because people are our ultimate differentiator.  Our portfolio has evolved from a largely manufacturing base to today where half of our business comes from software development.  Our focus on seed planting and re-investing in our businesses, products, and services will continue because it’s working.  We’ve achieved a lot over the past decade, but I’m even more excited about our future because the best is yet to come for Honeywell.”

US Recognition
Cote was appointed by US President Obama to serve on both the bipartisan National Commission on Fiscal Responsibility and Reform (commonly known as the Simpson-Bowles Commission) and the U.S.-India CEO Forum. He’s been a leading voice and Steering Committee member of the Campaign to Fix the Debt and is widely quoted by top-tier media on how debt reduction must continue to be our top priority to grow the U.S. economy at a pace that will create new jobs.  In addition to debt reduction, Cote’s outline for an American Competitiveness Agenda includes energy policy, free trade, infrastructure, math and science education, and tort reform.

“Chief Executive Magazine is proud to recognize Dave as CEO of the Year,” said Bob Nardelli, Founder and CEO of XLR-8 and a member of the magazine’s selection committee. “He has led a remarkable transformation at Honeywell, executing on a vision and rebuilding trust and credibility over the past decade. Not only is Dave a respected leader in the business community, but he is also a leading voice for business in Washington.”

Nominations for CEO of the Year were garnered from Chief Executive Magazine’s 124,000 readers. The ten most frequently cited nominations were evaluated and a winner was voted upon by a peer Selection Committee consisting of CEOs from leading global corporations.

“Receiving the honor of CEO of the Year is very rewarding,” concluded Cote.  “I’m confident that Honeywell’s future performance will further validate Chief Executive Magazine’s selection.”

Other awards
Cote received the Corporate Social Responsibility Award from the Foreign Policy Association in 2007, the Distinguished Achievement Award from B’nai B’rith International in 2011, the Asia Society’s Global Leadership Award in 2012, and the Peter G. Peterson Award for Business Statesmanship from the Committee for Economic Development in 2012. In 2013, Cote was recognized as one of the World’s Best CEOs by Barron’s magazine, and honored with the Corporate Leadership Award by the TechAmerica Foundation.

Cote’s selection as 2013 CEO of the Year will be celebrated at an event hosted by ChiefExecutive in partnership with NYSE at the New York Stock Exchange on Thursday, July 25.


Bronze for vibration meter!

03/07/2013

For the second year in a row, the Industrial Designers Society of America (IDSA) has honoured the industrial design team at Fluke Corporation with an International Design Excellence Award (IDEA®), the premier international competition honouring design excellence in products, eco-design, interaction design, packaging, strategy, research, and concepts. The Fluke team won a Bronze Award in the Commercial and Industrial Products category for its work on the Fluke 805 Vibration Meter.

805The Fluke 805 Vibration Meter is an easy-to-use tool for technicians performing preventative bearing inspections. The user simply presses the sensor tip against the motor housing. The Fluke 805 teaches the user how to get an accurate reading by calculating how hard it is being pressed against a motor. When the user applies the correct force, a ring around the handle lights up: green for “ready to measure” and red for “try again.”

“Precision vibration analysis is a science requiring complex equipment and know-how, so the challenge in designing the 805 was to create a handheld tool that dramatically simplifies the measurement process,” said Matthew Marzynski, industrial design manager for Fluke Corporation. “By designing an interface that makes measurement taking and interpreting the results easy, we created a product that anyone on the maintenance team can use successfully.”

IDSA is the world’s oldest, largest, member-driven society for industrial design, representing professionals in product design, interaction design, human factors, ergonomics, design research, design management, universal design and related design fields. Its IDEA program fosters business and public understanding about the impact of industrial design excellence on the quality of life and the economy.


Automation scholorships announced

15/07/2010

ISA Announces Recipients of 2010 ISA Educational Foundation Scholarships

Alexey Tirtchny

Evgeny Bakin

Konstantin Gurnov

Three of the Russian students

The International Society of Automation (ISA) has announced the winners of the 2010 ISA Educational Foundation Scholarships. These scholarships are awarded to college and university students who demonstrate outstanding potential for long-range contribution to the fields of automation, instrumentation, and control. The scholarship awards support tuition and related expenses and research activities and initiatives.

ISA awarded more than $62,000, which was distributed among students in two- and four-year colleges and universities, and graduate students. Contributions to the ISA Educational Foundation come from the following sources: Norman E. Huston Endowment, the Paros-Digiquartz Fund, the Bob and Mary Ives Endowment, the Wilbanks scholarship, the ISA Chemical and Petroleum Industries Division Endowment, the ISA Food and Pharmaceutical Industries Division Endowment, the ISA Executive Board Scholarship, ISA Life Members Committee Scholarship, ISA Section and District Scholarships, and the General Education Fund.

The 2010 recipients are:
In two-year programs:
Cody Simpson
Northern Alberta Institute of Technology; Edmonton, Alberta, Canada
Thaen Watkins
Western Wyoming Community College; Rock Springs, Wyoming, USA
Michael Columbo
Massosoit Community College; Massosoit, Massachusettes, USA
Joshua Alfaro
Vanier College; Saint-Laurent, Quebec, Canada
Betsy Dorsett
Lee College; Baytown, Texas, USA
Benjamin Martin
Central Texas College; Killeen, Texas, USA
Benjamin Pohlman
Front Range Community College; Westminister, Colorado, USA

In four-year programs:

Ronald Rodriguez
Southern Polytechnic State University; Marietta, Georgia, USA
Robert Sherbert
Drexel University; Philadelphia, Pennsylvania, USA
Ane Muvadgah
University of Central Oklahoma; Edmond,Oklahoma, USA
Sneha Shishodia
Institute of Technology; Nirma University; Ahmedabad, Gujarat, India
Rishita Sarabhai
Institute of Technology; Nirma University; Ahmedabad, Gujarat, India
Foram Dhebar
Sardar Vallabhbai Patel University; Basad, Gujarat, India
Nicole Legenski
Penn State University; Reading, Pennsylvania, USA
Jonathan Martin
Messiah College; Grantham, Pennsylvania, USA
Brian Kosoris
Southern Polytechnic State University; Marietta, Georgia, USA
Michael Lopresti
University of Missouri; Colombia, Missouri, USA
Terrance Eakin
Ohio State University; Columbus, Ohio, USA
Jadeja Kamal
University of Texas at Dallas; Richardson, Texas, USA

In graduate programs:
Alexey Tirtchny
St. Petersburg State University of Aerospace Instrumentation; St. Petersburg, Russia
Evgeny Bakin
St. Petersburg State University of Aerospace Instrumentation; St. Petersburg, Russia
Konstantin Gurnov
St. Petersburg State University of Aerospace Instrumentation; St. Petersburg, Russia
Georgy Kuyumchev
St. Petersburg State University of Aerospace Instrumentation; St. Petersburg, Russia
Carlos Andrade-Cabrerra
Instituto Tecnologico Estudios Superiores de Monterrey; Monterrey, Mexico
Ikechukwu Okanu
Idaho State University; Pocatello, Idaho, USA
Mahdi Sharifzadeh
Imperial College; London, England