Honeywell announced that Lucian Boldea, 51, has been named to the role of President and Chief Executive Officer for Honeywell's Performance Materials and Technologies (PMT) segment, effective October 3, 2022. Boldea will succeed Vimal Kapur, who was promoted to President and Chief Operating Officer of Honeywell in July 2022. Boldea and Kapur will work together closely on the transition over the next several weeks.

Boldea joins Honeywell from Eastman Chemical where he was the Executive Vice President of Additives & Functional products and Chemical Intermediates. Since joining Eastman in 1997, Boldea held a variety of leadership roles within the company, including Technology Director for Performance Chemicals and Intermediates, Director of Corporate Growth platforms, and Vice President and General Manager of Specialty Plastics. Boldea holds a bachelor's degree in chemistry from the University of West Florida, a doctorate in organic chemistry from the University of Florida and an MBA in finance from the Wharton School of the University of Pennsylvania.