David M. Cote

President Barack Obama talks with Michael G. Morris, right, of American Electric Power Company, and David Cote in the Cross Hall of the White House, before a dinner with CEOs, Feb. 24, 2010.

David M. "Dave" Cote (born 1952) is the Chairman and CEO of Honeywell. 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, a $16 billion Cleveland-based products and services provider for the automotive, aerospace and information technology markets.

Cote joined General Electric 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 and by February 2002 had ascended to become Chairman and CEO.^[1]

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.^[2]

Cote is a 1976 graduate of the University of New Hampshire, where he earned a Bachelor's degree 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 and the Obama Administration as a whole.^{[citation needed]} 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.^[3] 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.^[4] The forum included other U.S. top-level executives including Vikram Pandit, Jamie Dimon and Indra Nooyi, among others.

Debt Commission

In February 2010, Mr. Cote was selected by President Obama to be on the debt panel.^[5]

References

1. ^ Forbes. http://people.forbes.com/profile/david-m-cote/41423. 
2. ^ 2009 CEO Compensation for David M. Cote, Equilar
3. ^ "Dave Cote Introduces President Obama at White House Media Briefing on U.S. Recovery Plan « Honeywell Now – Keeping you up to date on Honeywell". Honeywellnow.com. 2009-01-27. http://honeywellnow.com/2009/01/27/dave-cote-introduces-president-obama-at-white-house-media-briefing-on-us-recovery-plan/. Retrieved 2010-03-16. 
4. ^ "Statement by the Press Secretary on the U.S. - India CEO Forum | The White House". Whitehouse.gov. 2009-11-23. http://www.whitehouse.gov/the-press-office/statement-press-secretary-us-india-ceo-forum. Retrieved 2010-03-16. 
5. ^ http://www.huffingtonpost.com/2010/02/26/obama-names-debt-commissi_n_478205.html

Persondata
Name	Cote, David M.
Alternative names
Short description
Date of birth	1952
Place of birth
Date of death
Place of death