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· Appointment reinforces Honeywell's commitment to supporting the growth ambitions of Egypt's economy and businesses
Cairo, Egypt - Honeywell (NYSE: HON), a Fortune 100 cyber industrial company, has announced the appointment of Khaled Hashem as its new Country President for Egypt.
The appointment marks a significant milestone for Honeywell, as the company continues to strengthen its presence in Egypt by leveraging its world class engineering talent and hardware and software capabilities to support the country's industrial and economic growth ambitions.
Khaled, an Egyptian national, will lead Honeywell's local operations and will focus on driving growth strategies including localization, technology innovation and Honeywell Operating System Gold (HOS Gold), to create best practice enterprises that are continuously and rapidly developing better products and experiences for customers.
These strategies, combined with Honeywell's leading product portfolio of hardware, software and services, will help to increase efficiency, productivity and growth in Egypt's core industrial markets, including oil and gas, transportation, defense, aviation and infrastructure development and protection.
"Egypt is currently one of the most dynamic economies in the region with excellent growth potential. Egypt's economy has continued to expand over the last few years, with the IMF forecasting GDP growth of roughly 4.4% for 2016*, so I am especially delighted to be joining Honeywell at such an important time in the company's - and the country's - development," said Khaled Hashem, president, Honeywell Egypt. "Honeywell is a global technology leader and has the right experience and product offering to support the growth ambitions of the Egyptian people, government and businesses. I look forward to playing my part in supporting the country's journey to sit at the leading-edge of innovation in the Middle East."
Khaled brings with him more than a decade of regional experience and knowledge, having held a number of senior leadership roles with global technology, energy and oil and gas companies. He most recently held the position of Country Manager at GE Egypt, where he worked closely with the Egyptian Electricity Holding Company on some of the major power generation services projects across Egypt. He holds a bachelor's degree in construction engineering from the American University in Cairo and also completed a master's degree in business administration (MBA) at the same university. He is currently pursuing a doctorate degree from IE Business School in Spain.
"Honeywell is privileged to work with some of Egypt's key government and private entities, helping them to deliver smarter, safer and more productive operations. Khaled will work to strengthen these existing partnerships, as well as create additional opportunities to bring our unique value proposition to new sectors. This is an exciting time for Honeywell in Egypt and as a committed partner to the country, we are focused on providing the best talent and technologies to support Egypt's transformation," said Norm Gilsdorf, president for Honeywell's Middle East, Russia and Central Asia regions.
With more than 30 years' presence in Egypt, Honeywell has an impressive track record of working on some of the country's most significant energy and infrastructure projects. The company's vast technology portfolio spans cockpit controls, mechanical components and connectivity systems for aircraft, automotive turbochargers, building management systems, industrial safety equipment, home and industrial security, fire, gas and smoke detection products, scanning and warehouse logistics solutions, refining and petrochemical technologies, catalysts, renewable fuels and chemicals, process and control systems, and specialty materials.
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*Source: Economy: The Report: Egypt 2016 - Oxford Business Group
About
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 industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
© Press Release 2016
