Honeywell Spinoff Resideo Announces Key Leadership and Stock Exchange Selection
MORRIS PLAINS, N.J. — As part of final preparations for its planned spinoff from Honeywell, Resideo Technologies Inc., announced the selection of an experienced chief financial officer, the composition of its full board of directors, and its intention to list on the New York Stock Exchange under the ticker symbol "REZI" when trading begins on a to-be-announced date.
"It is an incredible opportunity to launch a company poised to lead the Internet of Things for the Homes market, while benefiting from the rich heritage of such a well-known brand as Honeywell," said Mike Nefkens, president and CEO of Honeywell Homes, which will become Resideo following the spin. "Our products are in 150 million homes with 15 million more being added each year, thanks to our strong relationship with professional installers and growing DIY options. We have an excellent starting market position from Day 1. Excitement is high to see our REZI ticker symbol debut on the world's premier exchange. With an experienced CFO and skilled board of directors to advise us, we're ready for our spinoff and success as a standalone company."