Lawrence A. Bossidy is the retired chairman of the board and CEO of Honeywell International Inc., a global $26-billion advanced technology, controls and manufacturing company.
Bossidy's distinguished, five-decade career in business began with the General Electric Company's renowned financial training program in 1957. For the next 34 years, Bossidy served in a number of positions with GE, including chief operating officer of General Electric Credit Corporation (now GE Capital Corporation), executive vice president and president of GE's Services and materials sector, and vice chairman and executive officer of General Electric Company.
Bossidy joined AlliedSignal Inc. as chairman and CEO in 1991. He is credited with transforming AlliedSignal into one of the world's most admired companies. During his tenure with AlliedSignal, the company achieved consistent growth in earnings and cash flow, highlighted by 31 consecutive quarters of earnings-per-share growth of 13 percent or more and an eight-fold appreciation of the company's share price. He was named CEO of the Year by Financial World magazine in 1994 and Chief Executive of the Year by CEO Magazine in 1998.
In 1999, Bossidy became chairman of Honeywell International Inc., following the merger of AlliedSignal and Honeywell in December 1999. He retired from the company as scheduled in April 2000. He returned as chairman and CEO of Honeywell International Inc. in July 2001, following General Electric's unsuccessful acquisition bid for Honeywell. He retired from Honeywell again in 2002.
Bossidy graduated from Colgate University in 1957 with a B.A. degree in economics. He is a former member of the board of directors of General Electric, JPMorgan, Merck & Company, and is currently serving on the board of Berkshire Hills Bancorp. He also is an advisor to the Aurora Capital Group, a private equity firm.