Honeywell announces leadership team for advanced materials spin-off

Honeywell today announced key leadership roles for its Advanced Materials business, which will become Solstice Advanced Materials following its tax-free spin-off to shareholders, expected by late 2025 or early 2026. The independent company will be headquartered in Morris Plains, New Jersey.

"With a trusted legacy built from its breakthrough low global warming Solstice® technology and its next-generation chemistry advances, Solstice Advanced Materials is already well-positioned to be a leader in the specialty chemicals and materials market,” said Vimal Kapur, Chairman and CEO of Honeywell, in a statement.

With nearly $4 billion in revenue last year, Solstice Advanced Materials will be a publicly traded specialty chemicals and materials company.

Dr. Rajeev Gautam has been appointed non-executive chairman of the Board, effective post spin. Having worked with Honeywell for 40 years, Gautam has previously served as president and CEO of Honeywell Performance Materials and Technologies (PMT) and president of Honeywell UOP. Gautam, however, had retired in 2021 from Honeywell.

David Sewell will serve as president and CEO of the business. He previously led WestRock Company as CEO and served as President and COO of Sherwin-Williams. He also worked in General Electric's Plastics and Advanced Materials division for over 15 years and currently serves on the boards of the National Association of Manufacturers and Huntsman Corporation.

Tina Pierce has been named CFO, effective May 1, 2025, and will continue in the role post-spin. She is currently CFO of Honeywell Industrial Automation.

Jeff Dormo and Simon Mawson will lead Solstice Advanced Materials’ two business segments as senior vice presidents and general managers. Both currently manage business units within Honeywell Advanced Materials and have experience in chemicals and specialty materials.

The company will have teams in Charlotte, Houston, Dublin, Shanghai, Tokyo, Bangalore, Bucharest, and Mexico City while maintaining its global manufacturing footprint and additional R&D sites.

On October 8, 2024, Honeywell revealed its plans to spin off its Advanced Materials division, creating a standalone, publicly traded company in the U.S. Building on that move, the company announced on February 6, 2025, that it would fully separate its Aerospace Technologies segment. This separation, anticipated to be finalised in the latter half of 2026, is structured to be tax-free for Honeywell shareholders.