Resideo CEO To Step Down

Published Dec 03, 2019 13:26 PM

Resideo's CEO, Mike Nefkins, is stepping down, just 18 months after being brought in to lead the now plagued spin-out.

Inside this note, we examine the issues Resideo is facing and the future for the Honeywell Homes / ADI spinout.

Nefkens ****** *** ****

**** * **** *** * **** ago,******* *** ******* **** ********* ** **** *** ******* of *** ***** / *** **********.

*** ******** *** **** ******* *** no ********** ** **** ******** *** he *** **** ** ********* ** Hewlett ******* (***) *** *** **** of *** ********** **** **** ****-*** an *** ********. ****** ****** ******* Honeywell / *******, ******* *** *** by *** *******,********* ** *** ********.

Resideo ********

*******'* ***** *********** *** **** **********, as *** ***** ***** *****:

**** ********** ** *******, **** *** CFO ******** *** ****** ************** **** a **** ** ******** *** *********,******* *** ***** **** ******* **%(*** **** / **** ** *** right **** ** *** ***** *****).

* **** *** *** ******* ** at *** **** ****, ***** **** $115,000 ***** ***** ****.

Stepping ****

***, ******* ********* ** **** ****, **** *** ******* ****** '****** health ******':

*** *******’* ********* *** ***, **** Nefkens, *** *** ***** **** ******** agreed ** * **********, ***** **** allow **** ** ***** ** ****** health ******. ******* *** ****** ** continue ***** *** ********* ** *********, at ***** **** ** **** **** step **** **** *** ***** ** directors.

***** *** ** ****** ****** ******, we ** *** ****, ****** **** is ******** **** ** * *** to **** **** **** ********** *** cut.

**** ** ***** ** **** *** company's *********** *** ***** *********** ** unsatisfactory ** *********.

Homes ** *** ******** *****

******* ******** ** *** ******** ***** - ********* ***** *** ***. ***** there *** **** '*********' (*.*., *** sells **** ********* ***** ********), **** are ************* ********* ********** (******* ** distribution).

*** *******, *** ** ***** **** but ********* ***** ** ***. ********** ***** ******** ********* ***** ****** here.

What ****?

*** ********* ********* ** ***:

  • **** **** ***** ** ******* **** experienced ** *** '*****' ******* ****? Per ***** *** **********, **** *** problems ************* *** ********** ** ******** out / ******* ***** ******* ***** independently **** *********.
  • **** **** **** ** **** ***? Is *** ****** ** ******* * continued *********** ** *** *** ********* Homes ** **** **** **** ******* value ********** *** ***?

*******'* ****** ************** ** **** **** $1 *******, * *** ***** *** a $* ******* ****** ******* *******. The **** **** ** **** ** will *** ** **** **** ** improve ** **** * *** *****.

Comments (19)
UI
Undisclosed Integrator #1
Dec 03, 2019
(1)
U
Undisclosed #2
Dec 03, 2019
IPVMU Certified

***** *** ** ****** ****** ******, we ** *** ****, ****** **** is ******** **** ** * *** to **** **** **** ********** *** cut.

** *** **** *** **** ***** exam **** ** ******* *** **** linked ** ** ******** ************* *********, * ****** **** ** ***** price *** ** ****** ** * CEO’s ********* **** ** ******** ****** issues ;)

(1)
(3)
JH
John Honovich
Dec 04, 2019
IPVM

**** *** ****** *** ****** ***** skeptically:

*** ******* * ****** ** *** original ****** ** **** **-**** ******* ******* ***** ** ** ******** ** this **********:

******* **** ** ********* ** **** Teich, *** *******’* **** *********** ********, through *** ********** ******.

***** **** **** ** **** ****.

(1)
UI
Undisclosed Integrator #4
Dec 04, 2019

******* ** ***** **** **** ******.

(1)
UM
Undisclosed Manufacturer #3
Dec 04, 2019

* **** ** **** *** *********, and ** ******** ********* *** *** company **** ** **** **** ******* would ** **********. *******, *** **** hope **** *** *** ****** **** I *** *** ****** ** *** mail ****** **** ** ********* ******* (yes, **** ***** ******), *** ***** transferred ** *******.

*** ** ***** ***** *** ****** a *** ******* **** ****** ******* liabilities? **** ***** **** * ******* way ** ******** *** *** *******. Even ** **** * **** **** limited ** ********, ****-******* ****** ********* like ****** 😀, ** ***** **** a *** ****** ********.

*** ******* ** ******** ** ** allow *** *** ******* ** ** more ******. **** **** *'** *****, Residio *** *** *** "*********" *** bureaucracy ** * ***** *******, *** without *** **** ***** ** **** of * ***** *******, *** ********* **** ** ***** **** ****** pension ***********. *** **** *** ** hopefully * ********.

(6)
U
Undisclosed #5
Dec 09, 2019

**** ****** **** *** ******* ** the *********** **** **** *********** ** preparation *** **********. *****.

(3)
(1)
UM
Undisclosed Manufacturer #3
Dec 09, 2019

**** ******* *** ***** ** **. This ****** ***'* **** ** ** retirement ****, *'* **** ********* **** I **** ***** **** * ******* with **** ** ***!

JH
John Honovich
Dec 04, 2019
IPVM

** ******* ***:******* **** ** * ***-**** ********* experience–* ****** *** *** ** **** an ******** *** ****** **** ******* executives ** ****’* ** **** ** smart **** ********** *** ********** *** breakthrough ******** *** ******** **** **** make ** *** ********.

JH
John Honovich
Dec 05, 2019
IPVM

***** ***** ****** **% ** *** news:

****** ********* *** ***** ** **** about *** ***'* ****** ****** ****** or **** *** ******** ** *** a *** ***...

(1)
(1)
LT
Larry Tracy
Dec 09, 2019

*********** ******* *** *** ***< ***** dropping, ******* ***** ****, *** ********* of *** ******** ****, **** *** wondering *** ** ****** ***** *********. But ******* (***** *** **** **** come ****?) ** ******* **** *** Million * ****( ********* ******* ********* lawsuits ********** ********) ** ******** ** Honeywell , ******* ***** *** * long ** *** ***** ***** ******* line *** *** ***** *** **** cow, *** **** ( ******** **** contact) *** ******* **** * **** in ***** *** **** ****** ******. Then *** **** ******* ****** ******* to ****** *** * ***, **** ADI ** ** ****** **** ********* distributor, **** *** **** *** ***** guys ,** * *** ******* *** just **** ** ** **** **** "who ***** ** **** ***** **** he *** **** ******, * *** paid *** **** ****** ***".

*** *** ******** **** *** ** outsider **** ********** ****** **** *** running * *** ******* ** **** industry. ****** *** *** ******* **** to *** **** ****.

(3)
(3)
JH
John Honovich
Dec 09, 2019
IPVM

***** **** ******** *** *********** *** story!

******* (***** *** **** **** **** from?)

* ****** **'* * ********** ******** but **** ** **** *** ****** want ** ********* ********:

******* ** ***** **** *** *********** of *** ***** “*********” *** “********.” To ********* *** ********** ***********:

*********: * ******’* ****; *** ***** where ******* *****

********: * ********, * ********

********, ***** ***** ***** ******** ** safety, *******, ********, ********, *********** *** trust – ** * **** **** expresses *** ******** ** * ********** company. ***** *** ******** ******** **** are **** ** *** ******* ********, as **** ******* *** ***** ** the **** *** *** ********** ** keeping *** ***** ** *** ******** safe *** ***********.

UI
Undisclosed Integrator #4
Dec 09, 2019

**** ***** **** ***** **** *** king ******* (****, *** **** ******, the ***** **** ***** ******).

(1)
JH
John Honovich
Dec 09, 2019
IPVM

***** ******

****,****** *** **** *** ******** ** the ******* ***** ** ************* ****** **** ** ** **** guy ** ** **** ** ******** needs ** ******* *** ******* *** had ** **** ******** ** ***.

LT
Larry Tracy
Dec 10, 2019

***** ****** ** * **** *******, talented ********* **** ***** ****** **** what ** *** ****** ********* ****** it. * ********* ******* *** *** years *** ****** *** *** ** one ****. ******* ***** *****, ** my *******, **** ******* *** ** chance, *** ********* *** *** **** any ****** ** **** ******** **** the *****. *** **** ****** ******, loss ** ****** *** ******** ************** , * *** **** ******* *** operational *** ****** ******** **** ****.

***** ******** *********** ***** ***** ********* got *********. ** **** **** ** rebuild *** ******* * **** ** engineers *** ********* ****** *** **** the ********* ** ******** **’* * very **** *******.

** ** **** **** *** ******** recently **** ** “** ** *** easy ***** * *********** ***** ****” one ******** ***** ** *** *** a ***** **** ** ****** *** have **** ****** *** * **** time, *** ***** ***** ******** ** the ****** * ********** ** *** is *** * ******* *********.

****** *** *** ******* ** ***** the **** **** ****. * ***** don’t **** *** **!!!

(1)
(4)
JH
John Honovich
Dec 10, 2019
IPVM

*****, ******, **** *******!

*** ***** ***** ******** ** *** number * ********** ** *** ** not * ******* *********.

***** *** ****! ******** ** *****,******* ********* ******** **** **********

U
Undisclosed #2
Dec 09, 2019
IPVMU Certified

*** ******* (***** *** **** **** come ****?)

**’* ***** *** *********** *****...

(5)
Avatar
Daniel S-T
Dec 10, 2019

******!

JH
John Honovich
Jan 08, 2020
IPVM

***, *******'* "*********, ******** & *********" *** **** demoted *** ******* **** *** *****,******* *** *********:

******* ** ****, *** *******’* ******* President, ******** & ********* *** ***** Innovation *******, **** ******** ** ***** as ***** ********** *******, ***** **** not ** ** ********* ******* ********. Mr. ** **** ******** **** *** Company’s ***** ** ********* ********* ** the ***** ** ******** ** ******* 6, ****.

*** *********** ****** *******:

******* **** ******** ****** ** ****** vice ********* *** ******** ********** ** Trimble, ***., *$* ********* ******* ******* ************ ** ******** and ******** *** ****** ********** *********

******* ******** ** * ******* ** tech *********, ****** **** * *** ******* have ****** ********* ** ********** ** his *** **** ** *** ******** products ****.

JH
John Honovich
May 19, 2020
IPVM

IPVM Image

******* *** * *** ***: *** Geldmacher, *****:

** * **-**** ******** *******, ********** brings ** ******* ********** ******* * complex ********** *** ********** *******, ******* Embedded ************. ********** *** ********* ********** results ** **** ****** *** *******-****** backed *********, ********* *********** ********** **** thoughtful ******* ********** ** **** ****** share *** **** ******* ** *********** technology *******. **** ********, ********** *** president *** *** ** ******* **** Corp, * ****** ** ******* *** technology *********.

** **** ******* **** ********* **** * **** ** ***.

(2)