Honeywell has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) for the planned spinoff of Solstice Advanced Materials, a pure-play specialty materials company. 

Solstice will be a global provider of refrigerants, semiconductor materials, protective fibers, and healthcare packaging, and will be organized into two operating segments: Refrigerants & Applied Solutions and Electronic & Specialty Materials, according to Honeywell.

Honeywell has established a board of directors for the spinoff, and Rajeev Gautam, former president and CEO of Honeywell's Performance Materials and Technologies (PMT) business, will lead Solstice’s 10-person board as independent chair. The board will also include David Sewell, president and CEO of the Solstice Advanced Materials business, alongside leaders with deep experience in the industrial, technology, chemicals, and materials sectors.

Separately, Honeywell appointed Peter Lau president and CEO of its Industrial Automation business, effective Oct. 15. Lau most recently served as president and CEO of FARO Technologies and as a member of the company's board of directors. Lau previously served as president of Honeywell’s Security, Fire and Electrical Products business.