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Honeywell appoints Shen Dali as president of high growth region and Sheng Weili as president of China

Shanghai, January 4, 2012 - Honeywell (NYSE Code: HON) announced the appointment of Shen Dali as president of high growth region, and Sheng Weili will take over the post of president of Honeywell China. This appointment takes effect immediately after the main production process technology is "roll embedded". Shen Dali will continue to report to gaodewei, chairman and CEO of Honeywell, while Sheng Weili will report directly to Shen Dali

globalization has been a key pillar of our company's growth in the past decade. Honeywell chairman and CEO Gao Dewei said that ten years ago, regions outside the United States accounted for less than 40% of Honeywell's global sales revenue. Today, the global scale of the company has doubled, and about 55% of its revenue comes from regions outside the United States. At the beginning of the implementation of this globalization strategy, we focused on two crucial emerging markets -- China and India. This strategy has been proved to be effective. Our sales revenue in these two markets has increased 10 times. At present, we have nearly 25000 employees in China and India, which is an important chapter of our global growth

our success in China and India, as well as the product and innovation platform systematically constructed through the East serving the East and the East serving the west strategy, will become a model for the establishment of other emerging markets -- more specifically, high growth regions -- for reference. Mr. Galway said that in the next decade, these regions will drive nearly 70% of the global GDP growth, It will also make great contributions to Honeywell's significant growth in the future

since joining Honeywell in 2004, Shen Dali has moved the general protective shield back to the experimental area. He has contributed to Honeywell's brilliant achievements in China and India. From 2004 to 2011, the two regions have maintained a compound annual growth rate of 21%. In the future, Shen Dali will continue to work with the leaders of business departments and functional departments to promote effective market development strategies to major regions in the world: Asia, Africa, Latin America, the Middle East, Eastern Europe and other major regions. Shen Dali's unique experience, market success and partnership in high growth areas are crucial for Honeywell, which hopes to expand and develop in these key markets

Sheng Weili joined Honeywell in 2005, helping the company's business growth in China and Asia. Under its leadership, Honeywell's environmental control department has quadrupled its regional business by acquiring and integrating Lonon, an excellent local electronic lighting business, through excellent localization strategy and innovative practice. In addition, shengweili also built the LED lighting business into Honeywell's first local business in China and achieved great success, and has a number of high-quality customers worldwide. As a manager with more than 30 years of experience in China and the Asia Pacific region, Sheng Weili will continue to work with his enthusiasm and expertise to promote Honeywell's core development strategy in China, which will continue to be in the forefront of high-speed growth regions. Sheng Weili, who took over as the president of Honeywell China, will continue to serve as the vice president and general manager of the Asia Pacific region of Honeywell environmental control department until the successor is determined

I fully support Mr. Shen Dali and Mr. Sheng Weili who shoulder the new mission. Mr. gaodewei concluded that he looks forward to working with them to create greater value for Honeywell

about Honeywell

Honeywell International () is a diversified, high-tech advanced manufacturing enterprise, one of the fortune 100. In the world, its business involves aviation products and services, building, home and industrial control technology, automotive products, turbochargers, and characteristic materials and technology. Honeywell's history in China can be traced back to 1935. At that time, Honeywell opened its first Distribution Agency in Shanghai. At present, Honeywell's four business groups have all settled in China, and the Asia Pacific headquarters of all its business departments have also been moved to China, with many branches and joint ventures in 20 cities in China. Honeywell has more than 11000 employees in China. For more company information, please visit Honeywell

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