David M. Cote is chairman and CEO of Honeywell. He was first elected president, CEO and a member of the Board of Honeywell in February 2002, and became chairman of the Board of Directors on July 1, 2002. Previously, Cote served as chairman, president and CEO of TRW, a $16 billion Cleveland-based products and services provider for the automotive, aerospace and information technology markets.
Cote joined TRW from General Electric in November 1999, where he served 25 years, progressing through a series of top-level positions in manufacturing, finance, marketing, strategic planning and general management. He was appointed to his last position at GE, corporate senior vice president and president and CEO of GE Appliances, in 1996.
Cote is a 1976 graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration.
Dave Cote is chairman and CEO of Honeywell, a diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and specialty materials.
Cote joined TRW from General Electric, where he served 25 years, progressing through a series of positions in manufacturing, finance, marketing, strategic planning, and general management.
Cote is a 1976 graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration.
Cote led the creation of the TRW subsidiary Velocium, which manufactured ultra-high-speed semiconductors and was just beginning to make itself felt in the marketplace when Cote departed from TRW.
Cote had his hands full: although Honeywell grossed $24 million in 2001, the company faced mounting debts, settlements for lawsuits stemming from employees' exposure to asbestos, a stock that would fall 31 percent in 2002, and demoralized management.
Cote was heavily criticized in the press for the $32 million in compensation he received in 2002, although he explained that the amount was intended to cover options that he had lost at TRW as a result of moving to Honeywell.
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