Resideo CEO To Step Down

By John Honovich, Published on Dec 03, 2019

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 ****** *** ****

**** * **** *** a **** ***,******* *** ******* **** ********* ** **** the ******* ** *** Homes / *** **********.

*** ******** *** **** Nefkens *** ** ********** in **** ******** *** he *** **** ** executive ** ******* ******* (HPE) *** *** **** of *** ********** **** that ****-*** ** *** division. ****** ****** ******* Honeywell / *******, ******* was *** ** *** spinout,********* ** *** ********.

Resideo ********

*******'* ***** *********** *** been **********, ** *** chart ***** *****:

**** ********** ** *******, when *** *** ******** was ****** ************** **** a **** ** ******** and *********,******* *** ***** **** another **%(*** **** / **** at *** ***** **** of *** ***** *****).

* **** *** *** brought ** ** *** same ****, ***** **** $115,000 ***** ***** ****.

Stepping ****

***, ******* ********* ** **** ****, **** *** ******* citing '****** ****** ******':

*** *******’* ********* *** CEO, **** *******, *** the ***** **** ******** agreed ** * **********, which **** ***** **** to ***** ** ****** health ******. ******* *** agreed ** ******** ***** his ********* ** *********, at ***** **** ** also **** **** **** from *** ***** ** directors.

***** *** ** ****** health ******, ** ** not ****, ****** **** is ******** **** ** a *** ** **** face **** ********** *** cut.

**** ** ***** ** that *** *******'* *********** and ***** *********** ** unsatisfactory ** *********.

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

******* ******** ** *** business ***** - ********* Homes *** ***. ***** there *** **** '*********' (i.e., *** ***** **** Honeywell ***** ********), **** are ************* ********* ********** (product ** ************).

*** *******, *** ** doing **** *** ********* Homes ** ***. ********** ***** ******** ********* Homes ****** ****.

What ****?

*** ********* ********* ** see:

  • **** **** ***** ** someone **** *********** ** the '*****' ******* ****? Per ***** *** **********, they *** ******** ************* the ********** ** ******** out / ******* ***** product ***** ************* **** Honeywell.
  • **** **** **** ** with ***? ** *** future ** ******* * continued *********** ** *** and ********* ***** ** will **** **** ******* value ********** *** ***?

*******'* ****** ************** ** just **** $* *******, a *** ***** *** a $* ******* ****** revenue *******. *** **** side ** **** ** will *** ** **** hard ** ******* ** such * *** *****.

Comments (19)

***** *** ** ****** health ******, ** ** not ****, ****** **** is ******** **** ** a *** ** **** face **** ********** *** cut.

** *** **** *** that ***** **** **** at ******* *** **** linked ** ** ******** in*********** *********, * ****** **** in ***** ***** *** be ****** ** * CEO’s ********* **** ** familial ****** ****** ;)

**** *** ****** *** reason ***** ***********:

*** ******* * ****** in *** ******** ****** is **** **-**** ******* ******* ***** ** ** involved ** **** **********:

******* **** ** ********* by **** *****, *** company’s **** *********** ********, through *** ********** ******.

***** **** **** ** June ****.

******* ** ***** **** with ******.

* **** ** **** for *********, *** ** residual ********* *** *** company **** ** **** that ******* ***** ** successful. *******, *** **** hope **** *** *** window **** * *** the ****** ** *** mail ****** **** ** Honeywell ******* (***, **** still ******), *** ***** transferred ** *******.

*** ** ***** ***** you ****** * *** venture **** ****** ******* liabilities? **** ***** **** a ******* *** ** handicap *** *** *******. Even ** **** * move **** ******* ** pleasant, ****-******* ****** ********* like ****** 😀, ** seems **** * *** fiscal ********.

*** ******* ** ******** is ** ***** *** new ******* ** ** more ******. **** **** I've *****, ******* *** all *** "*********" *** bureaucracy ** * ***** company, *** ******* *** huge ***** ** **** of * ***** *******, and ********* **** ** ***** some ****** ******* ***********. The **** *** ** hopefully * ********.

**** ****** **** *** loading ** *** *********** lamb **** *********** ** preparation *** **********. *****.

**** ******* *** ***** to **. **** ****** isn't **** ** ** retirement ****, *'* **** surprised **** * **** still **** * ******* with **** ** ***!

** ******* ***:******* **** ** * two-hour ********* **********–* ****** *** *** to **** ** ******** new ****** **** ******* executives ** ****’* ** come ** ***** **** technology *** ********** *** breakthrough ******** *** ******** that **** **** ** all ********.

***** ***** ****** **% on *** ****:

****** ********* *** ***** to **** ***** *** CEO's ****** ****** ****** or **** *** ******** to *** * *** CEO...

*********** ******* *** *** CEO< ***** ********, ******* after ****, *** ********* of *** ******** ****, left *** ********* *** is ****** ***** *********. But ******* (***** *** that **** **** ****?) Is ******* **** *** Million * ****( ********* product ********* ******** ********** payments) ** ******** ** Honeywell , ******* ***** and * **** ** the ***** ***** ******* line *** *** ***** the **** ***, *** 5816 ( ******** **** contact) *** ******* **** a **** ** ***** and **** ****** ******. Then *** **** ******* moving ******* ** ****** and * ***, **** ADI ** ** ****** your ********* ***********, **** now **** *** ***** guys ,** * *** counter *** **** **** to ** **** **** "who ***** ** **** Vista **** ** *** sell ******, * *** paid *** **** ****** way".

*** *** ******** **** has ** ******** **** successful ****** **** *** running * *** ******* in **** ********. ****** get *** ******* **** to *** **** ****.

***** **** ******** *** informative *** *****!

******* (***** *** **** name **** ****?)

* ****** **'* * rhetorical ******** *** **** in **** *** ****** want ** ********* ********:

******* ** ***** **** the *********** ** *** words “*********” *** “********.” To ********* *** ********** definitions:

*********: * ******’* ****; the ***** ***** ******* lives

********: * ********, * fortress

********, ***** ***** ***** thoughts ** ******, *******, security, ********, *********** *** trust – ** * name **** ********* *** identity ** * ********** company. ***** *** ******** messages **** *** **** to *** ******* ********, as **** ******* *** focus ** *** **** and *** ********** ** keeping *** ***** ** our ******** **** *** comfortable.

**** ***** **** ***** back *** **** ******* (well, *** **** ******, the ***** **** ***** Fradin).

***** ******

****,****** *** **** *** Chairman ** *** ******* Board ** ************* ****** **** ** if **** *** ** so **** ** ******** needs ** ******* *** Resideo *** *** ** many ******** ** ***.

***** ****** ** * very *******, ******** ********* that ***** ****** **** what ** *** ****** Honeywell ****** **. * completed ******* *** *** years *** ****** *** him ** *** ****. Without ***** *****, ** my *******, **** ******* has ** ******, *** Honeywell *** *** **** any ****** ** **** business **** *** *****. Too **** ****** ******, loss ** ****** *** stripped ************** , * can **** ******* *** operational *** ****** ******** they ****.

***** ******** *********** ***** under ********* *** *********. so **** **** ** rebuild *** ******* * core ** ********* *** marketing ****** *** **** the ********* ** ******** it’s * **** **** process.

** ** **** **** ADI ******** ******** **** me “** ** *** easy ***** * *********** these ****” *** ******** thing ** *** *** a ***** **** ** people *** **** **** around *** * **** time, *** ***** ***** positive ** *** ****** 2 ********** ** *** is *** * ******* contender.

****** *** *** ******* of ***** *** **** came ****. * ***** don’t **** *** **!!!

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

*** ***** ***** ******** is *** ****** * competitor ** *** ** not * ******* *********.

***** *** ****! ******** of *****,******* ********* ******** **** Competitor

*** ******* (***** *** that **** **** ****?)

**’* ***** *** *********** Rodeo...

******!

***, *******'* "*********, ******** & *********" has **** ******* *** removed **** *** *****,******* *** *********:

******* ** ****, *** Company’s ******* *********, ******** & ********* *** ***** Innovation *******, **** ******** to ***** ** ***** Innovation *******, ***** **** not ** ** ********* officer ********. **. ** Masi ******** **** *** Company’s ***** ** ********* effective ** *** ***** of ******** ** ******* 6, ****.

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

******* **** ******** ****** as ****** **** ********* for ******** ********** ** Trimble, ***., *$* ********* ******* ******* ************ in ******** *** ******** for ****** ********** *********

******* ******** ** * variety ** **** *********, ****** **** * saw ******* **** ****** relevance ** ********** ** his *** **** ** the ******** ******** ****.

IPVM Image

******* *** * *** CEO: *** **********, *****:

** * **-**** ******** veteran, ********** ****** ** Resideo ********** ******* * complex ********** *** ********** spinout, ******* ******** ************. Geldmacher *** ********* ********** results ** **** ****** and *******-****** ****** *********, combining *********** ********** **** thoughtful ******* ********** ** gain ****** ***** *** grow ******* ** *********** technology *******. **** ********, Geldmacher *** ********* *** CEO ** ******* **** Corp, * ****** ** testing *** ********** *********.

** **** ******* **** after**** **** * **** as ***.

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