is chairman and CEO of Honeywell,
a $38 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. He was elected president, CEO, and a member of Honeywell's Board in February 2002, and named chairman of the Board on July 1, 2002.
Cote's decade of leadership has seen Honeywell deliver strong growth in sales, earnings per share, segment profit, and cash flow. Honeywell has great positions in good industries. Honeywell’s growth is driven by technologies that address some of the world’s toughest challenges such as safety, security, clean energy generation, and energy efficiency. More than 50 percent of the company’s sales are outside the U.S. The company’s more than 130,000 employees, including 20,000 scientists and engineers, are focused on developing innovative products and solutions that help Honeywell’s customers – and their customers – improve performance and productivity.
Cote is a member of the steering committee of the Campaign to Fix Debt, a bi-partisan effort to build support for a comprehensive U.S. debt reduction plan.
In 2011, Cote was named Vice Chair of the Business Roundtable (BRT) and Chairs the BRT’s Energy and Environment Committee. In 2010, Cote was named by President Barack Obama to serve on the bipartisan National Commission on Fiscal Responsibility and Reform also known as the Simpson-Bowles Commission. Cote was named co-chair of the U.S.-India CEO Forum by President Obama in 2009, and has served on the Forum since July 2005.
Cote received the Corporate Social Responsibility Award from the Foreign Policy Association in 2007, the Distinguished Achievement Award from B’nai B’rith International in 2011, the Asia Society's Global Leadership Award in 2012, and the Peter G. Peterson Award for Business Statesmanship from the Committee for Economic Development in 2012.
He is a graduate of the University of New Hampshire, where he earned a bachelor's degree in business administration. In 2009, Cote 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.
How can we do a better job to strategically coordinate all those engaged in STEM across the country?
There is a growing consensus in the business, scientific and education communities that we must work together and renew our commitment to strengthen American innovation and competitiveness through basic research in the physical sciences and math education. This investment must be coupled with developing and retaining a high-quality mathematics and science teaching workforce. Coordinated efforts must be made to recruit teachers to enter mathematics and science studies and gain certification. Honeywell recognizes that it is critical to use our resources to share our passion for innovation and technology and make an impact in educating and connecting people to STEM. Honeywell’s future workforce is reliant on our nation’s ability to train and educate future scientists and engineers.
Honeywell is committed to these efforts, and our Honeywell Hometown Solutions
has taken several steps in this direction with non-profit organizations to deliver high-quality, award-winning programs to students from third grade through the graduate level. We build STEM programs that deliver results we can quantify -- one community, one home, one teacher and one student at a time -- by applying the same rigor and business tools we use in our business. Programs are delivered to multiple levels of education, from middle through graduate school. Over time, our programs have produced students eager to pursue careers in science and engineering, including students around the world who have joined Honeywell after graduation and are now engineers.
What is the STEM initative that your company has supported are you most proud of?
Honeywell Hometown Solutions has created a series of award-winning programs focused on STEM. In particular: Honeywell Educators at Space Academy
: Our job is to inspire our future generation of scientists and engineers and ensure the men and women who educate them are properly prepared. Inspiration starts in the classroom. In partnership with the U.S. Space and Rocket Center
, in Huntsville, Alabama, Honeywell created the Honeywell Educators @ Space Academy scholarship program for middle school math and science teachers.Each year selected teachers participate in astronaut-style exercises and simulations, teachers learn new teaching practices in STEM education and can link all activities to professional development credits.More than 1,700 hundred teachers from 45 countries and 50 states and territories have graduated since 2004.
Honeywell Leadership Challenge Academy
: This week-long event is available to high school children of employees where students have the opportunity to develop their STEM and leadership skills through science-oriented workshops, lectures and team exercises. Developed in partnership with USSRC, the academy’s unique curriculum challenges students in key areas: purposeful leadership; effective communication; integrated planning; team cohesion; problem solving and critical thinking.Since 2010, more than 630 students from 32 countries and all U.S. states have participated.
: FMA Live! was created by Honeywell and NASA
, and is an award-winning hip hop science education program designed to inspire middle school students to pursue studies in STEM. The program teaches Sir Isaac Newton’s three laws of motion and the process of scientific inquiry in an innovative, entertaining and memorable way, delivering solid science that supports the learning objectives of the National Science Education Standards. Since 2004, 317,000 students from more than 800 U.S. middle schools have participated in the program.
Honeywell Initiative for Science and Engineering
: This is a global educational program that reaches universities in emerging regions through on-campus lectures and one-on-one access with Nobel laureates and Honeywell’s top engineers, allowing them to see firsthand that what they are studying today can impact the world tomorrow through STEM-related careers. Honeywell has sponsored 36 Nobel laureate events since 2006.
Where do you see the biggest area of opportunity in advancing STEM Jobs/Careers?
With populations and economies growing, global energy consumption could rise 44 percent by 2030. More than 50 percent of Honeywell’s portfolio is dedicated to energy efficient products and services that are focused on building a world that is safer and more secure, more comfortable and energy efficient, and more innovative and productive.
Improving the environment, reducing energy consumption and preserving natural resources represent the biggest opportunity for next-generation STEM jobs.
How should thise working to improve the STEM workforce measure success?
Like most businesses, Honeywell regularly assesses its operations to make wise business decisions, determine strengths and weaknesses, shape decisions about improving or expanding our STEM-related programs or creating new ones, and avoid duplication. Appropriate program assessment, such as collecting output and outcome data and conducting thorough assessments at regular intervals, can determine which STEM education programs and strategies are effective and which need improvement. The process would also serve to direct funding to the most effective programs while still retaining the flexibility to invest in new and innovative programs.