Our CFO Greg Lewis Talks Digital Transformation

🎥 Jun 03, 2024 📺 Honeywell ⏱ 0m

About Gregory Lewis

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.

Source: AI-verified profile updated from Gregory Lewis's recent appearances. Browse all interviews →

Transcript (1 segments)

Gregory Lewis0:11

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. That value proposition brings that's what we're using inside too. So we're using Forge ourselves, we're also using it for our customers, and frankly that's the big advantage that we have as Honeywell. Whether it's our Forge IoT platform or our own Enterprise data warehouse, that's given us the capability to use some of these technologies like AI, where 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. So I think we've got this tremendous asset for us to be.