The 2020 Mid-Year Economic Update_long

Honeywell Names Chairman for Transportation Spin-off

Manufacturing and distribution industry veteran Carlos Cardoso named to board of forthcoming Garrett Motion Inc.

Honeywell (NYSE: HON), Morris Plains, NJ, has named Carlos Cardoso chairman of the board for its Transportation Systems business as it prepares to spin-off into a standalone, publicly traded company, Garrett Motion Inc.

Cardoso has extensive experience in manufacturing and distribution, and is principal of CMPC Advisors, which focuses on helping private equity companies make investments in industrial, manufacturing and distribution sectors. He is on the board of directors for Stanley Black & Decker and Hubbell Corporation, and from 2006 to 2014 served as chairman and CEO of tooling and industrial materials supplier Kennametal.

Cardoso will begin his role upon the successful completion of the spin, which is expected by the end of the third quarter.

In May, Honeywell announced that Olivier Rabiller will continue to lead Transportation Systems as president and CEO after the spin-off and becomes Garrett.


About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.