Honeywell is expected to appoint Marc Steinberg, a partner at activist Elliott Investment Management, to its board later on Wednesday, the Wall Street Journal reported.

Steinberg’s role would be effective at the end of the month, the report said, citing people familiar with the matter.

© Reuters. FILE PHOTO: A logo of Honeywell is pictured on their booth during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 22, 2017.  REUTERS/Denis Balibouse/File Photo

The report comes just months after Honeywell (NASDAQ:HON) said it will split into three independently listed companies following pressure from the activist investor, who took a $5 billion stake in the industrial giant in November.

Honeywell and Elliott did not immediately respond to Reuters requests for comments.

Leave a comment

Trending