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HONEYWELL ANNOUNCES NEW ASSIGNMENTS IN FINANCE AREA

 HONEYWELL ANNOUNCES NEW ASSIGNMENTS IN FINANCE AREA
 MINNEAPOLIS, Feb. 18 /PRNewswire/ -- Four executives in Honeywell's


corporate finance organization were elected to new positions today by the company's board of directors. All new responsibilities are effective March 1.
 David W. Devonshire was elected vice president-finance, with responsibility for all worldwide finance functions, including cash management, exchange exposure management and investor relations. He will continue to report to Christopher J. Steffen, executive vice president and chief financial and administrative officer. Devonshire, 46, will move from his current position of vice president and controller, which he has held since joining the company in 1990. He earned a bachelor's degree in accounting from Widener University and a master's in business administration from the Kellogg School at Northwestern University.
 James J. Grierson, currently vice president-finance, was elected to the newly created position of vice president-business development. Grierson, 49, will be responsible for business development, acquisitions and mergers, pension investment and corporate services and facilities. He will continue to report to Steffen. Grierson joined the company in 1979, and earned a bachelor's degree in accounting and a master's in finance from the University of Minnesota.
 William M. Hjerpe was promoted to vice president and controller, replacing Devonshire. Hjerpe currently is vice president and treasurer. In his new position, Hjerpe will report to Steffen and be responsible for all financial control functions, including accounting, financial planning and reporting, and government accounting policy. Hjerpe, 40, joined Honeywell in 1974. He holds a bachelor's degree from the University of Massachusetts and MBA from Northeastern University.
 Michael A. Rocca was elected vice president and treasurer, replacing Hjerpe. Rocca, who will report to Devonshire, will return to Minneapolis from his current position of vice president of finance and administration for Honeywell Europe in Brussels. Rocca, 47, joined Honeywell in 1966. He has a bachelor's degree from the University of Iowa.
 Domenico Cecere, currently vice president and assistant controller for international operations and Home and Building Control, was named to replace Rocca as vice president-finance and administration for Honeywell Europe. Cecere, 42, joined the company in 1972. He earned a bachelor's degree in finance and accounting from the University of Oklahoma. In his new assignment, Cecere will be stationed in Brussels and report to Hjerpe.
 "With these important changes, we are recognizing outstanding performance and further broadening the leadership expertise in Honeywell's finance operation," Steffen said.
 Honeywell is a global controls company that provides products, systems and services for homes and buildings, industry and aviation and space. The company had 1991 sales of more than $6.1 billion.
 -0- 2/18/92
 /CONTACT: Kevin Whalen of Honeywell, 612-570-2524 or 612-431-5662/
 (HON) CO: Honeywell Inc. ST: Minnesota IN: SU: PER


AL -- MN017 -- 0053 02/18/92 15:06 EST
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Date:Feb 18, 1992
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