Our CFO Greg Lewis on Honeywell's Digital Transformation
Honeywell Senior Vice President and Chief Financial Officer Greg Lewis joined “The Future Is...” podcast to reflect on lessons ...
Senior Vice President & Chief Financial Officer, Honeywell
Search every verified Gregory Lewis interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Gregory Lewis, Senior Vice President and Chief Financial Officer of Honeywell, has discussed the company’s digital transformation in multiple appearances. He stated that Honeywell has invested over $1.2 billion in its IT infrastructure over the past seven years, describing the company as being “at the end of the beginning of the digital transformation.” Lewis noted that he previously served as CFO of Honeywell’s Automation and Control Solutions business and was asked by CEO Darius Adamczyk to lead the enterprise-level digital effort, which became Honeywell Digital. He expressed support for CFOs as transformation leaders, saying that having authored the initial strategic plan for the digital initiative was helpful in his role as CFO. Lewis also commented on Honeywell’s broader strategy and outlook. He said the company realigned into three themes: the future of automation, the future of air travel, and the future of the energy transition. He described Honeywell’s Forge IoT platform and enterprise data warehouse as assets that enable the use of technologies like AI, adding that the company is using these tools internally and for customers. During Honeywell’s Q4 2022 earnings call, Lewis provided financial guidance for 2023, including expected sales of $36 to $37 billion and adjusted earnings per share of $8.80 to $9.20.
“We're at the end of the beginning of the digital transformation, we've done a lot to build the digital backbone over this time horizon and a lot of that was a bit tops down in order to get that in place.”
“We've invested over $1.2 billion in our IT infrastructure over the last seven years in particular.”
“We're only going to do that by engaging the workforce in a different way, and creating the value from all of that investment that we've made.”
“When Darius decided to break ACS up and reorganize and realign the company, he asked me to take that to the enterprise level and we started what was called enterprise information management. So, that was the beginning of what became Honeywell Digital and our journey towards trying to become a data oriented organization...”
“I was the CFO for our Automation and Control Solutions business... we had started our own digital transformation at that time, because we thought it was relevant and important.”
“From the CFO chair was super helpful. You know, we have purview over everything that goes on in Honeywell. It all winds up in the financial statements in one way or another. So, I'm very much a proponent of CFOs as transformation leaders.”
“More and more you're going to see us building models and not using so much people's opinions — we're using data and indications from the outside world to understand where we're going.”
“If you think about what the connected Enterprise teams are doing and what they're doing with the Forge IoT platform they built — Enterprise Performance Management is one of the deliverables. We're using Forge ourselves, we're also using it for our customers, and frankly that's the big advantage that we have as Honeywel...”
“Whether it's our own enterprise data warehouse that's given us the capability to use technologies like AI — in other places people can talk about it but it won't really be realizable because they haven't created the digital backbone that we have.”
“I think we've got this tremendous asset for us to be able to go ahead and leverage from this point forward.”
“The future is really bright — I mean we're Honeywell solving some very big problems.”
“We just did the realignment of the company into the three main themes of the future of automation, the future of air travel and also the future of the energy transition.”
“I think that Honeywell is going to bring to bear along with our capabilities there our capabilities around digitalization to have a huge impact on solving some of the world's biggest problems.”
“I'm super excited about that.”
“In the fourth quarter we announced the final Court approval for buyout recruitment agreement with the Narco Trust providing the elimination of our funding obligations in exchange for a 1.325 billion cash payment to the trust. This liability has been weighing on our balance sheet since 2002. This development represents...”
Honeywell Senior Vice President and Chief Financial Officer Greg Lewis joined “The Future Is...” podcast to reflect on lessons ...
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Honeywell International $HON Q4 2022 Earnings Call Listen to the latest conference call between the company and financial analysts or investors as they discuss the company's financial performance. During the call, company executives, including the CEO and CFO, provide an overview of the financial results, discuss the company's performance and strategy, and answer questions from analysts and investors. Earnings calls are typically conducted via teleconference and are open to the public, although they may also be webcast or recorded and made available for later playback. Earnings calls provide…
Honeywell International Inc (NYSE: HON) Q1 2020 Earnings Call Transcript https://news.alphastreet.com/honeywel...
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