By Josh Beckerman 

Honeywell International Inc. said Dave Cote will step down as chief executive on March 31 and be succeeded by Darius Adamczyk, who was promoted to president and chief operating officer in April.

Mr. Cote will continue as executive chairman through April 2018, and will then start a five-year consulting and noncompete agreement. Mr. Cote, who turns 64 years old in July, has run the conglomerate since 2002.

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

June 28, 2016 17:29 ET (21:29 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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