Honeywell LenelS2 Global President Is Out
Just weeks after Honeywell completed its mega-acquisition of Carrier Access, Lenel S2's Global President is out.
In this note, we examine this move, provide feedback from Honeywell, and discuss the future of LenelS2 inside Honeywell.
For background, see Honeywell Acquires Carrier Access / LenelS2, Massive Profits For Carrier Access / LenelS2, and Why Lenel Perpetual Problems Are Economically Rational Analyzed.
Executive *******
**** ** * ******** **** *** Honeywell - *** *****, *** **********, and *** ******** ******* *****'* ******* ** *********. ***** ********* change ** ********* ********* ** ***********, it ** ******** **** **** * far ****** ****** ** ****, **** a ****** **********, ** ****** ******** and ******** ********. ********, ******* ******** professionals ***** ****** ** *****.
**********
********* ********* ** **** **** ***** S2's ****** *********, ***** *****, *** "decided ** *****," *** ****** ******* President,**** ******, **** **** "***** * *********** is *****."
***** *** ***** ** *****'* ********* is ***********, ** ***** **** ~* weeks ***** *** *********** *** ********, and *** ***-****** ****** ********* ************* the ***** *** ********* ***** ******* after *** ************ ** *** *********** closing, ********** "*** ******* ** *** supercharged:"
******* ***** **** ***** ** ******* for **** **** * **** *** a ****, ** ********** **** *** Lenel **** *** ********* ******** ***** him. ** *** ****-********, *******, *** respected ****** *** ******* ************. *** abrupt ********* ****** *** ******* **** he *** *** ***** / **** well **** *** *** ********* **********.
******* ****** ** *********** * ****-*** may ******** ********* **********. ** ******* to ** **** *** **** *** lead *******, *** ********* ***** ***** in ***** *** **********.
Honeywell ******** ***** "******* ** *****"
********* ********* ** ****:
** *** ******* **** ***** ***** decided ** ***** *******, *** **** of *********. **** ******, **** ** Global ****** *********, **** **** *** LenelS2 ******** ***** * *********** ** found.
No ******* ** ******
*******, ********* *** *** ******* ** the ****** ** ******* ******* **********.
Relatively ***** ***** *** *****
***** *** **** **** ******* *** roughly * **** *** * ****:
***** ** ***** ** *** ******, especially ** ** *********, ** ** still *** *********** ********** ** ******.
*******, *****'* ******** *********** ******'* ********* to ********* ** *** ******* ****** solutions. ***, ****** *** *** **** title ** *********:
Weak **********
**** ** * ****** ******* **********. Multi-billion ************ **** ******* ********** ********** **** *********** *** ********* *** ****** ** smooth *** *********** *** ** (** least) ****** ** *********, ********, *** customers **** ** ******** *** *********. For *******, *** ************ ** *** ********'* ************ ******* **** *** ****** ** nearly * ****. ***** *** ********* has ********, **** ******** ********* ***** immediate ******. ***** *********** ************ **** the ********.
Honeywell ****** ** *******
****'* ****** ********* ** ** **** Honeywell **** ***** ** ********** *****-**** cash **** ********** **** **********. **** is *** *** ********* ************* **** acted ************, *** **** ** ************ ******** *** ************ **** ***********.
****** **** ************ ***, *****-**** **** flow ************** ** *** ******* ** LenelS2, ******, ** ***** ** *******, in *** ****** ****-*** **** ***, a ********** ******* ***** *** ****** on ******.
****** *** ** ********* **** **** at *********, *** ** **** **** as ** ************ *****.
* ***'* *** ****. ** ** early ** *** ****** **** ** operational **********, ***** ** * **** fit ** *** **** ******* *** someone ** **** * ******* (********* that's ** *****, **** ****** ****** with ********* ***********). ****, ** *** plan *** *** ** ** ****-****, they ***** **** *** * ****** transition ** *****, ****** **** *** one **** ********** ********** *** *** next **** *** **** **** ** replacement.
*** **** ** ********* *** **** we **** ** *** ******** ****** copied *****:
********* ********* ** **** **** ***** S2's ****** *********, ***** *****, *** "decided ** *****," *** ****** ******* President, **** ******, **** **** "***** a *********** ** *****."
*'* ***** ***** ** ******** * have ***** ***** **** *** *** background **** ** *** ******* ** to **** **** ***** ** ******* and *** ***** ***** ** ** long ****.