WASHINGTON, May 1, 2013 (GLOBE NEWSWIRE) -- The TechAmerica Foundation is pleased to announce that Honeywell Chairman and CEO Dave Cote will be honored with the Corporate Leadership Award at the 2013 Technology and Government Dinner on June 20th in Washington, D.C.
The TechAmerica Foundation's Corporate Leadership Award recognizes visionary CEOs for their leadership in setting the model for creating and driving successful technology enterprises as well as their outstanding involvement and contributions to the U.S. technology sector. Mr. Cote joins a distinguished group of recipients including Vint Cerf of Google, Bill McDermott of SAP, Kevin Johnson of Juniper and Steve Ballmer of Microsoft.
"Dave Cote has had an immeasurable impact on the U.S. technology industry and the country as a whole, lending his expertise and passion to solidifying our country's fiscal future," said TechAmerica Foundation Chairman Shawn Osborne. "His influence on innovation is evidenced by the impact he and Honeywell have had by helping make the world safer and more secure, more comfortable and energy efficient, and more innovative and productive. Dave and Honeywell epitomize why this award was created."
Helming Honeywell for over a decade as the Chairman and CEO, Mr. Cote has overseen and managed a tremendous transformation of the company. Under his leadership, the company has made more than 70 acquisitions and approximately 50 divestitures, building on the company's great positions in good industries. Since 2003, the company's sales have increased 71 percent to $37.7B, earnings per share by 197 percent to $4.48, and free cash flow by 66 percent to $3.7B, while delivering a total shareowner return of 240 percent.
Mr. Cote has also become a strong presence in Washington, D.C., focusing on bringing solutions to the toughest challenges facing the U.S. In 2010, President Obama appointed Mr. Cote to the National Commission on Fiscal Responsibility and Reform, often called the Simpson-Bowles Commission—a bipartisan panel charged with finding ways to address the country's growing debt. He is also a founding member of the "Campaign to Fix the Debt", where he has been a leading corporate voice in Washington, D.C., calling on Congressional lawmakers and the Obama administration to negotiate a grand bargain to address the country's long-term deficit problems. He is one of ten U.S. CEOs that serve on the U.S.-India CEO Forum, and he was named co-chair by President Obama in 2009.
"It is a great honor to be selected for the TechAmerica Foundation Corporate Leadership Award," said Honeywell Chairman and CEO Dave Cote. "Honeywell's 'Great Positions in Good Industries' has been a huge driver of our development for more than a decade. We've positioned ourselves well within strong macro-trends like energy efficiency, clean energy generation, safety and security, customer productivity, and globalization to address some of the world's toughest challenges. Our broad portfolio, focus on consistent seed planting and investment in R&D, more global company, and focus on diversity of opportunity creates a lot of runway for future growth. We look forward to continuing to deliver for our customers and shareholders, and giving our employees the opportunity to work on innovation that is changing the world."
Mr. Cote is a graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration. In 2009, he was made an honorary professor at the Beihang University of Aeronautics and Astronautics in Beijing, China, and in 2011, Cote received an honorary Doctor of Humane Letters from his alma mater. In 2001, Cote received an honorary Doctor of Laws degree from the Graziadio School of Business and Management, Pepperdine University. Mr. Cote is a member of the Board of Directors of JP Morgan Chase and is an advisor to Kohlberg Kravis Roberts & Co.
Honeywell is a diversified technology and manufacturing company with worldwide services and products, including aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. The company's approximately 132,000 employees, including more than 20,000 scientists and engineers, are focused on developing innovative products and solutions that help Honeywell's customers – and, in turn, their customers – improve performance and productivity.
The TechAmerica Foundation's Technology and Government Dinner is the premier Washington, D.C. technology networking event, bringing together hundreds of industry and government leaders to celebrate the technology industry. The Technology and Government Dinner will be held on June 20, 2013 at the Ronald Reagan Building in Washington, D.C.
During the dinner, the TechAmerica Foundation presents the American Technology Awards, which are the only "Best Of" awards that recognize technology products and services across the technology industry.
About TechAmerica Foundation
The TechAmerica Foundation educates industry executives, policy makers and opinion leaders on the promise of technological innovation to advance prosperity, security and the general welfare. Launched in 1981, the Foundation is a 501c(3) non-profit, non-partisan affiliate of TechAmerica, which is the leading voice and resource for the U.S. technology industry. The Foundation disseminates award-winning industry, policy and market research covering topics such as U.S. competitiveness in a global economy, innovation in government, and other areas of national interest. It also organizes conferences and seminars to explore pertinent issues with government and industry representatives and to share the Foundation's findings. Learn more about TechAmerica Foundation at www.techamericafoundation.org.