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)

Undisclosed Integrator #1

12/03/19 02:01pm

******* ************, ***.: ***** Law

Undisclosed #2

IPVMU Certified | 12/03/19 04:05pm

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

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

John Honovich

IPVM | In reply to Undisclosed #2 | 12/04/19 01:07am

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

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

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

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

Undisclosed Manufacturer #4

In reply to John Honovich | 12/04/19 03:19pm

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

Undisclosed Manufacturer #3

12/04/19 01:53pm

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

Undisclosed #5

In reply to Undisclosed Manufacturer #3 | 12/09/19 12:56pm

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

Undisclosed Manufacturer #3

In reply to Undisclosed #5 | 12/09/19 01:21pm

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

John Honovich

IPVM | 12/04/19 11:58pm

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

John Honovich

IPVM | 12/05/19 12:31pm

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

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

Larry Tracy

12/09/19 10:24pm

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

John Honovich

IPVM | In reply to Larry Tracy | 12/09/19 10:32pm

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

Undisclosed Manufacturer #4

In reply to Larry Tracy | 12/09/19 10:36pm

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

John Honovich

IPVM | In reply to Undisclosed Manufacturer #4 | 12/09/19 10:38pm

***** ******

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

Larry Tracy

In reply to John Honovich | 12/10/19 09:46am

***** ****** ** * 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 **** *** **!!!

John Honovich

IPVM | In reply to Larry Tracy | 12/10/19 12:51pm

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

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

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

Undisclosed #2

IPVMU Certified | In reply to Larry Tracy | 12/09/19 10:55pm

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

**’* ***** *** *********** Rodeo...

Avatar

Daniel Tyrrell

In reply to Undisclosed #2 | 12/10/19 12:16pm

******!

John Honovich

IPVM | 01/08/20 02:39am

***, *******'* "*********, ******** & *********" 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 ******** ******** ****.

John Honovich

IPVM | 05/19/20 02:29pm

IPVM Image

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

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

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

Read this IPVM report for free.

This article is part of IPVM's 6,584 reports, 886 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Milestone Hires New CEO From IT Integrator on Aug 18, 2020
For the first time in 20 years, Milestone Systems has a new CEO and, notably,...
These Florida Real Estate Agents Are Now Selling "SafeCheck USA" Temperature Detectors on Jul 09, 2020
The "Kakon Brothers", William and Nathan, are self-described "south Florida...
Openpath Raises $36 Million on Jul 16, 2020
Openpath has raised $36 million as 2020 has become a boom year for access...
FLIR CEO: Many New Fever Entrants "Making Claims That The Science Just Won't Support" on Sep 22, 2020
FLIR's CEO joins a growing number calling out risks with fever / screening...
Longse Promoting Hikvision Partner Fullhan Chip Based Cameras on Oct 14, 2020
With Huawei HiSilicon production being shut down at TSMC, camera...
Brazil's Biggest Domestic Surveillance Company Intelbras Profile on Jul 29, 2020
While Intelbras is not widely known outside of Latin America, Intelbras is a...
Huawei Releases a 'Fever' Smartphone on Jun 16, 2020
Fever cameras, fever tablets, fever helmets, fever sunglasses, fever guns,...
Chile Cancels 1,000 Camera Hikvision Project on Oct 12, 2020
Six months ago, Chile awarded a 1,000-camera project using Hikvision. The...
IC Realtime Moving Away From China Manufacturing on Jul 23, 2020
IC Realtime is promising "real change". The company historically has sold...
JCI / Tyco Drops Dahua on Sep 03, 2020
Johnson Controls (JCI) / Tyco Security has completely dropped Dahua OEMs from...
Ink Labs Relabels China YCX Fever Camera And Steals Dahua's Marketing on Jul 30, 2020
A US company marketed a 'thermal temperature scanner' as its own, selling...
Clorox Announces, Then Pulls, Fever Camera on Oct 15, 2020
For almost one week, Clorox was marketing fever cameras. The booming...
US Surgeon General Unwittingly Showcases Sanctioned Dahua Temperature System on Jul 28, 2020
The US' top public health spokesperson, the Surgeon General, posted a photo...
White House Expands Dahua Hikvision Blacklist To Federal Funding [Final Rule Reverses] on Aug 13, 2020
The White House is expanding the NDAA to blacklist anyone who "uses" banned...
Avigilon / Motorola VS Virtual ISC West on Sep 29, 2020
ISC West has historically been so dominant that no player would think of...

Recent Reports

Avigilon Aggressive Trade-In Program Takes Aim At Competitors on Oct 20, 2020
Avigilon has launched one of the most aggressive trade-in programs the video...
Mexico Video Surveillance Market Overview 2020 on Oct 20, 2020
Despite being neighbors, there are key differences between the U.S. and...
Dahua Revenue Grows But Profits Down, Cause Unclear on Oct 20, 2020
While Dahua's overall revenue was up more than 12% in Q3 2020, a significant...
Illegal Hikvision Fever Screening Touted In Australia, Government Investigating, Temperature References Deleted on Oct 20, 2020
The Australian government told IPVM that they are investigating a Hikvision...
Panasonic Presents i-PRO Cameras and Video Analytics on Oct 19, 2020
Panasonic presented its i-PRO X-Series cameras and AI video analytics at the...
Augmented Reality (AR) Cameras From Hikvision and Dahua Examined on Oct 19, 2020
Hikvision, Dahua, and other China companies are marketing augmented reality...
18 TB Video Surveillance Drives (WD and Seagate) on Oct 19, 2020
Both Seagate and Western Digital recently announced 18TB hard drives...
Watrix Gait Recognition Profile on Oct 16, 2020
Watrix is the world's only gait recognition surveillance provider IPVM has...
Intel Presents Edge-to-Cloud Ecosystem for Video Analytics on Oct 16, 2020
Intel presented its processors and software toolkit for computer vision at...
Microsoft Azure Presents Live Video Analytics on Oct 15, 2020
Microsoft Azure presented its Live Video Analytics offering at the September...
Worst Manufacturer Technical Support 2020 on Oct 15, 2020
4 manufacturers stood out as providing the worst technical support to ~200...
Clorox Announces, Then Pulls, Fever Camera on Oct 15, 2020
For almost one week, Clorox was marketing fever cameras. The booming...
Faulty Hikvision Fever Cam Setup at Mexico City Basilica and Cathedral on Oct 14, 2020
Donated Hikvision fever cameras (claiming screening of 1,800 people/min. with...
Directory of 211 "Fever" Camera Suppliers on Oct 14, 2020
This directory provides a list of "Fever" scanning thermal camera providers...