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Resideo offers smart home products like Honeywell Home and Buoy

Press Release

Resideo Appoints Sach Sankpal President Of Products & Solutions Business

Sankpal brings proven track record of driving operational excellence, growth and transformation with global industrial companies

Company Release - 1/7/2020 8:30 AM ET

AUSTIN, Texas, Jan. 7, 2020 /PRNewswire/ -- Resideo Technologies, Inc. (NYSE: REZI), a leading global provider of home comfort and security solutions, today announced that Sach Sankpal has been named president of Resideo's Products & Solutions business, effective Jan. 7, 2020.

Sankpal is a proven leader with a successful track record of driving growth, operational excellence and strategic transformation at global industrial and technology companies. He brings more than 25 years of experience across strategy, marketing, finance, operations and sales. Sankpal most recently served as senior vice president for Emerging Industries at Trimble, Inc., a $3 billion in revenue company specializing in hardware and software for global industrial companies. During his tenure, Sankpal drove company-wide strategies for product innovation, pricing, product management, sales innovation and deployment as well as a new management operating system to support the company's multiple business lines.

Prior to Trimble, Sankpal served in various leadership, strategy and operations roles at Avaya, Inc. and Navigant Consulting. He also served as president of Honeywell Global Safety Products, a $2 billion in revenue business, where he led a recovery in the segment by driving operational excellence in delivery and productivity, transforming the company's research and development program and enhancing its product roadmap.

"We are delighted to welcome Sach to Resideo," said Andy Teich, the company's lead independent director and chair of its Strategic and Operational Committee. "Given his deep leadership experience and operational expertise, Sach is ideally positioned to lead the Products & Solutions business as we transform Resideo into a more profitable, efficient company. He will play a critical role executing the recommendations of our ongoing operational and financial review as we work to drive long-term success and enhance shareholder value."

Niccolo de Masi, who previously served as Resideo's Products & Solutions president, chief innovation officer and board member, will remain as chief innovation officer but will resign his role as board member.

About Resideo
Resideo is a leading global provider of critical comfort and security solutions primarily in residential environments and distributor of low-voltage electronic and security products. Building on a 130-year heritage, Resideo has a presence in more than 150 million homes, with 15 million systems installed in homes each year. We continue to serve more than 110,000 contractors through leading distributors, including our ADI Global Distribution business, which exports to more than 100 countries from more than 200 stocking locations around the world. Resideo is a $4.8 billion company with approximately 13,000 global employees. For more information about Resideo, please visit www.resideo.com.

Contacts                    




Media:                               

Investors:

Annalise Helms                        

Matt Giordano

(763) 777-4334                          

(516) 577-7932

annalise.helms@resideo.com        

investorrelations@resideo.com

Forward-Looking Statements

This release contains "forward-looking statements." All statements, other than statements of fact, that address activities, events or developments that we or our management intend, expect, project, believe or anticipate will or may occur in the future are forward-looking statements. Although we believe forward-looking statements are based upon reasonable assumptions, such statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results or performance of the company to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, those described under the headings "Risk Factors" and "Cautionary Statement Concerning Forward-Looking Statements" in our Annual Report on Form 10-K for the year ended Dec. 31, 2018 and our Quarterly Report on Form 10-Q for the quarter ended Sept. 30, 2019 filed with the Securities and Exchange Commission ("SEC"). You are cautioned not to place undue reliance on these forward-looking statements, such as our expectations regarding the executive transitions, each of which speak only as of the date of this release. Forward looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by our forward-looking statements.

Honeywell Announces Resideo as corporate name for Honeywell Homes and ADI Global Distribution businesses when they spin later this year. (PRNewsfoto/Honeywell)

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SOURCE Resideo Technologies, Inc.