David M. Cote
Encyclopedia
David M. "Dave" Cote is the Chairman and CEO of Honeywell
Honeywell
Honeywell International, Inc. is a major conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments....

. He was first elected president, CEO and a member of the Board of Honeywell in February 2002, and became chairman of the Board of Directors on July 1, 2002. Previously, Cote served as chairman, president and CEO of TRW
TRW
TRW Inc. was an American corporation involved in a variety of businesses, mainly aerospace, automotive, and credit reporting. It was a pioneer in multiple fields including electronic components, integrated circuits, computers, software and systems engineering. TRW built many spacecraft,...

, a $
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

16 billion Cleveland-based products and services provider for the automotive, aerospace
Aerospace
Aerospace comprises the atmosphere of Earth and surrounding space. Typically the term is used to refer to the industry that researches, designs, manufactures, operates, and maintains vehicles moving through air and space...

 and information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...

 markets.

Cote joined General Electric
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...

 in November 1979, where he served twenty years, progressing through a series of top-level positions in manufacturing, finance, marketing, strategic planning and general management. He was appointed to his last position at GE, corporate senior vice president and president and CEO of GE Appliances, in 1996.

In November 1999, Cote became President and COO of TRW
TRW
TRW Inc. was an American corporation involved in a variety of businesses, mainly aerospace, automotive, and credit reporting. It was a pioneer in multiple fields including electronic components, integrated circuits, computers, software and systems engineering. TRW built many spacecraft,...

 and by February 2002 had ascended to become Chairman and CEO.

While CEO of Honeywell International in 2009, David M. Cote earned a total compensation of $12,839,038, which included a base salary of $1,800,000, a cash bonus of $0, $4,252,500 in stock, options granted of $6,374,500, and other compensation of $412,038.

Cote is a 1976 graduate of the University of New Hampshire
University of New Hampshire
The University of New Hampshire is a public university in the University System of New Hampshire , United States. The main campus is in Durham, New Hampshire. An additional campus is located in Manchester. With over 15,000 students, UNH is the largest university in New Hampshire. The university is...

, where he earned a Bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...

 in business administration. Cote is also a member of the Board of Directors at JP Morgan Chase and is an advisor to Kohlberg Kravis Roberts & Co (KKR).

Relations with the Obama Administration

Cote is a Republican and has close ties with President Barack Obama
Barack Obama
Barack Hussein Obama II is the 44th and current President of the United States. He is the first African American to hold the office. Obama previously served as a United States Senator from Illinois, from January 2005 until he resigned following his victory in the 2008 presidential election.Born in...

 and the Obama Administration as a whole. Right after President Obama took office in January 2009, Cote was one of the few CEOs invited to the White House for a tête-à-tête with the President. In November 2009, Cote was one of the 12 CEOs selected by the White House to host the US-India CEO Forum, which Cote and Ratan Naval Tata Co-Chaired. The forum included other U.S. top-level executives including Vikram Pandit
Vikram Pandit
Vikram S. Pandit is an Indian-born American business executive. He is the current CEO of Citigroup.-Early life:Vikram Pandit was born in Nagpur, India to an affluent Marathi family . His father, S B Pandit was an executive director at Sarabhai Chemicals in Baroda. He completed his schooling at the...

, Jamie Dimon
Jamie Dimon
James "Jamie" Dimon is a business executive. He is the current chairman, president and chief executive of JPMorgan Chase, and previously served as a Class A director of the Board of Directors of the New York Federal Reserve, a three year term which started January 2007...

 and Indra Nooyi
Indra Nooyi
Indra Krishnamurthy Nooyi is an Indian-born American business executive. She is the current Chairman and Chief Executive Officer of PepsiCo, the second largest food & beverage business in the world ....

, among others.

Debt Commission

In February 2010, Mr. Cote was selected by President Obama to be on the debt panel.
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