Long-time Honeywell Aerospace executive Mike Madsen was selected to take over the Phoenix-based manufacturer as president and CEO. He succeeds Tim Mahoney, who held the role for 10 years and is moving to the position of senior v-p of enterprise transformation for Honeywell Digital. Madsen will work closely with Mahoney during a transition period. Both executives are company officers and report to Darius Adamczyk, chairman and CEO of parent company Honeywell.

Most recently v-p of integrated supply chain, Madsen has more than three decades with Honeywell, also holding the roles as president of Aerospace Defense and Space and leadership positions within the Air Transport (ATSG) and Regional business. He began his career at Honeywell as an engine performance engineer supporting TFE731, ATF3, and CFE738 engines. Pointing to Madsen’s background in major business units and core support functions, including operations, Adamczyk said, “He is an extremely effective leader and change agent who is passionate about the aerospace industry and serving customers at the highest level.”

Adamczyk added that under Madsen’s stewardship, “We expect continued acceleration in our development of advanced technologies that blend hardware and software to create more fuel-efficient aircraft, more direct and on-time flights, and safer skies and airports.”

Mahoney, meanwhile, will steer the company's global, cross-functional digitization initiative. “Tim is taking on an extremely important enterprise transformation role as we continue the process of digitizing and modernizing our global support functions across the board,” Adamczyk said. We have a big opportunity in front of us to enhance core processes to greatly benefit our customers, employees, and all Honeywell stakeholders." Mahoney joined Honeywell in 1997 following a 20-year career with Sikorsky Aircraft.