Honeywell recently announced that Mike Madsen, an executive with more than three decades of leadership experience within its Aerospace strategic business group, has been named President and CEO of Honeywell Aerospace, effective immediately. Madsen, 56, succeeds Tim Mahoney, who held the role for the past 10 years and has been named Senior Vice President, Enterprise Transformation.
In his new position, Mahoney, 63, will have broad responsibilities for Honeywell Digital, the company's global, cross-functional digitization initiative that is driving improvements in customer service and efficiency.
Most recently, Madsen served as Vice President, Integrated Supply Chain, for Honeywell Aerospace, with responsibility for the business group's global supply chain and manufacturing facilities. Previously, he was President, Honeywell Aerospace Defense and Space, a unit that served original equipment manufacturers (OEMs) along with the aftermarket, military, government agency and commercial helicopter customers internationally. He also held leadership positions within the Air Transport and Regional business.
Madsen began his career at Honeywell as an engine performance engineer supporting the TFE731, ATF3 and CFE738 engines. He also led development activities on a wide range of products ranging from solar dynamic power systems to cryogenic valves, launch vehicle actuation systems and aircraft pneumatic components. He earned a B.S. in aerospace engineering from Arizona State University and an M.B.A. from Duke University.