Company to strengthen and expand its position in one of the
fastest-growing economies in Asia
HO CHI MINH, Vietnam, July 1, 2011 /PRNewswire-Asia/ -- Honeywell (NYSE: HON) today announced that it has appointed Mai Trang Thanh as its first president for Vietnam. Thanh will be responsible for the development and implementation of a comprehensive strategy to accelerate the growth of Honeywell’s businesses across Vietnam; including expansion into new markets and new product offerings.
A native of Vietnam, Thanh has over 17 years of experience serving in various positions in the oil and gas industry. During that time she has built an extensive network within the industrial government and private sectors of Vietnam. She helped position several US companies as trusted partners to the Vietnamese Government by communicating the companies’ complementary technologies, services and financing capabilities. She has expertise in identifying potential new markets, business mapping and implementing long-term growth initiatives. The relationship she has established with local companies such as PetroVietnam, Vinachem, Cong Thanh Joint Stock Corporation and others will serve as a solid base from which to execute strategic growth initiatives for Honeywell in Vietnam. Thanh holds a Bachelor of Arts degree in Economics from National Economic University, Vietnam and an MBA from Columbia Southern University in the United States.
Commenting on the appointment, President and CEO of Honeywell Asia, Shane Tedjarati said, “I am very pleased to welcome Mai Trang Thanh to Honeywell and to have her as our president for Vietnam. Vietnam has become one of the fastest-growing economies in Asia. Honeywell has been serving strategic clients in Vietnam for many years and we have built a good foundation for rapid future growth. With Thanh leading our efforts in country we intend to further strengthen our presence and broaden our activities significantly in Vietnam, commensurate with the strategic position of this country.”
"I am very proud and excited to join Honeywell and for the opportunity to lead the company’s efforts in the fastest growing economy in Southeast Asia. I am confident that by working closely with the Vietnamese Government and strategic partners, Honeywell will further contribute to the industrialization and modernization of Vietnam, building a safer, more secure, energy efficient society for the nation and its people," said Mai Trang Thanh.
Nearly 50% of Honeywell’s company-wide product portfolio is linked to energy efficiency and renewable energy. Honeywell has established extensive strategic partnerships with enterprises in Vietnam’s main industries across oil and gas, real estate, and aerospace. For more information about Honeywell’s activities in Vietnam, please click on “Honeywell in Vietnam”.
About Honeywell
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and various industries; automotive products; turbochargers; and specialty materials. Based in Morris Township, N.J., Honeywell’s shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.
