Honeywell's $806 Million Trading Day Sees 82nd Ranking as Advanced Materials Unit Prepares for Spin-Off

On March 25, 2025, Honeywell (HON) saw a trading volume of $806 million, ranking 82nd in the day's market activity. The stock rose by 0.13%, marking its second consecutive day of gains, with a total increase of 0.95% over the past two days.

Honeywell has appointed David Sewell as the President and CEO of its Advanced Materials business, effective immediately. Sewell previously served as the CEO of WestRock Company, a paper and packaging firm that was acquired by Smurfit Kappa. This appointment comes as Honeywell prepares to split into three independent companies, with the Advanced Materials unit set to be spun off by late 2025 or early 2026 and renamed Solstice Advanced Materials. The new entity will be headquartered in Morris Plains, New Jersey, and is expected to focus on sustainability and specialty chemicals and materials.

In addition to Sewell, Honeywell has named Tina Pierce as the Chief Financial Officer of the Advanced Materials business, effective May 1, 2025. Rajeev Gautam, who retired in 2021, will serve as the non-executive chairman of the board of directors for Solstice Advanced Materials once the spin-off is complete. Gautam previously held the position of CEO for Honeywell’s performance materials and technologies business.