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4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International Inc.    HON

Delayed Quote. Delayed  - 07/25 05:52:00 pm
116.26 USD   +0.56%
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PEOPLE: Honeywell names Egypt country president

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07/25/2016 | 09:29am CEST

Honeywell, a Fortune 100 cyber industrial company, has announced the appointment of Khaled Hashem as its new country president for Egypt. The appointment marks a significant milestone for Honeywell, as the company continues to strengthen its presence in Egypt by leveraging its world class engineering talent and hardware and software capabilities to support the country’s industrial and economic growth ambitions.

Hashem, an Egyptian national, will lead Honeywell’s local operations and will focus on driving growth strategies including localisation, technology innovation and Honeywell Operating System Gold (HOS Gold), to create best practice enterprises that are continuously and rapidly developing better products and experiences for customers.

These strategies, combined with Honeywell’s leading product portfolio of hardware, software and services, will help to increase efficiency, productivity and growth in Egypt’s core industrial markets, including oil and gas, transportation, defense, aviation and infrastructure development and protection.

'Egypt is currently one of the most dynamic economies in the region with excellent growth potential. Egypt’s economy has continued to expand over the last few years, with the IMF forecasting GDP growth of roughly 4.4 per cent for 2016, so I am especially delighted to be joining Honeywell at such an important time in the company’s – and the country’s – development,' said Khaled Hashem, president, Honeywell Egypt. 'Honeywell is a global technology leader and has the right experience and product offering to support the growth ambitions of the Egyptian people, government and businesses. I look forward to playing my part in supporting the country’s journey to sit at the leading-edge of innovation in the Middle East.'

Hashem brings with him more than a decade of regional experience, having held a number of senior leadership roles with global technology, energy and oil and gas companies.

© Copyright 2012 www.tradearabia.com

(c) 2016 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2016 40 503 M
EBIT 2016 7 547 M
Net income 2016 5 162 M
Debt 2016 5 002 M
Yield 2016 2,10%
P/E ratio 2016 17,35
P/E ratio 2017 16,02
EV / Sales 2016 2,30x
EV / Sales 2017 2,13x
Capitalization 87 965 M
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Honeywell International In Technical Analysis Chart | HON | US4385161066 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 126 $
Spread / Average Target 9,0%
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Managers
NameTitle
David M. Cote Chairman & Chief Executive Officer
Darius Adamczyk President & Chief Operating Officer
Thomas A. Szlosek Chief Financial Officer & Senior Vice President
Krishna Mikkilineni Senior Vice President-Engineering & Operations
Jaime Chico Pardo Lead Independent Director
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