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.

*******'* ***,**** *******, ** ******** ****, just ** ****** ***** being ******* ** ** lead *** *** ******* spin-out.

****** **** ****, ** examine *** ****** ******* is ****** *** *** future *** *** ********* Homes / *** *******.

[***************]

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

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 05:21am

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

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 07:29am

IPVM Image

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

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

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

Login to read this IPVM report.

Related Reports

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...
Dahua CEO Is Out on Feb 28, 2020
Dahua CEO Li Ke has resigned less than 3 years after he was brought in from...
USA's Seek Scan Thermal Temperature System Examined on Apr 01, 2020
This US company, Seek, located down the road from FLIR and founded by former...
FLIR Cancelling Contract With X.Labs / Feevr on May 20, 2020
While X.Labs announced the signing of a new agreement with FLIR on May 12,...
Hanwha Removes ISC West Coronavirus Waiver on Mar 02, 2020
Hanwha Techwin has removed a waiver that would have put any liability for...
Hikvision USA Refuses [Now In], Dahua USA Drives Forward With "Coronavirus Cameras" on Apr 07, 2020
Both have been federally banned, both sanctioned for human rights abuses but...
Huawei Releases a 'Fever' Smartphone on Jun 16, 2020
Fever cameras, fever tablets, fever helmets, fever sunglasses, fever guns,...
PSIM CNL Acquired By Everbridge on Mar 09, 2020
The end has finally come for CNL. Despite for years saying they would...
ISC West 2020 Removes China Pavilion, No Plans To Cancel Or Postpone on Feb 17, 2020
ISC West plans to go on next month, amidst concerns over coronavirus....
Milestone CEO Resigns on Mar 11, 2020
Milestone's CEO has resigned, after 17 years on the job but there is no...
USA's Feevr Thermal Temperature System Examined on Mar 31, 2020
This US company has burst on to the scene, brashly naming itself 'feevr' and...
Sunell Panda Cam Body Temperature Measurement Camera Tested on May 14, 2020
Sunell is far less well known than its gargantuan domestic competitors Dahua...
Dahua Revenue Plunges, 3 Execs Resign on Apr 29, 2020
Dahua's sales dropped by 19.47% in the first quarter of 2020 amid the...
Motorola / Avigilon Drops ISC West on Feb 26, 2020
Motorola Solutions has pulled out of ISC West 2020 effective immediately,...
Milestone Drops ISC West on Mar 06, 2020
Milestone has dropped ISC West, joining a long list of companies to cancel...

Recent Reports

Video Analytics Online Show September 2020 Opened - Axis, Avigilon, Bosch, BriefCam, Genetec, Milestone + 30 More on Aug 12, 2020
IPVM's sixth online show will feature 35+ Video Analytics companies...
The German Company Powering Many China Temperature Tablets (Heimann) on Aug 12, 2020
Many fever tablet suppliers market German-made Heimann thermal sensors while...
Salesforce Drops Dahua and Hikvision on Aug 12, 2020
Salesforce has dropped Dahua and Hikvision as customers, forcing the two mega...
Access Control Course Fall 2020 - Register Now - Save $50 Last Chance on Aug 12, 2020
IPVM offers the most comprehensive access control course in the...
Genetec CEO Declares "We Don't Negotiate Payment With Patent Trolls" on Aug 11, 2020
Are patent trolls like terrorists? Genetec's CEO is coming out strongly...
Hanwha AI Analytics Camera Tested on Aug 11, 2020
Hanwha has released their Wisenet P AI camera, adding person and vehicle...
Alabama Schools Million Dollar Hikvision Fever Camera Deal on Aug 11, 2020
The Baldwin County, Alabama public schools purchased a $1 million, 144-camera...
Dahua Taunts Australian Government, Continues To Sell Illegal Fever Cameras on Aug 10, 2020
Dahua is effectively taunting the Australian government by continuing to sell...
HID Releases VertX Replacement Aero on Aug 10, 2020
HID is replacing two established and broadly supported types of access...
NDAA Compliant Video Surveillance Whitelist on Aug 10, 2020
This report aggregates video surveillance products that manufacturers have...
Telpo China Temperature Tablets Tested on Aug 10, 2020
The provider for overseas companies ranging from Canon Singapore to US'...
Dangerous Hikvision Fever Camera Showcased by Chilean City on Aug 07, 2020
Deploying a fever camera outdoors, in the rain, with no black body, is...
"Grand Slam" For Pelco's PE Firm, A Risk For Motorola on Aug 07, 2020
The word "Pelco" and "grand slam" have not been said together for many years....
FLIR Stock Falls, Admits 'Decelerating' Demand For Temperature Screening on Aug 07, 2020
Is the boom going to bust for temperature screening? FLIR disappointed...
VSaaS Will Hurt Integrators on Aug 06, 2020
VSaaS will hurt integrators, there is no question about that. How much...