ITT's CFO MOVES TO HONEYWELL

Honeywell International Inc., the $22.2 billion manufacturer of aerospace products and heating equipment that's based in Morris Township, N.J., hired David Anderson as its new CFO. Anderson had been CFO at ITT Industries Inc. since 1999. He replaces Richard Wallman, who is leaving Honeywell to spend more time with his family, according to the company. Before joining ITT, Anderson, 53, served as CFO at Newport News Shipbuilding, where he presided over its spin-off from Tenneco, and as CFO for RJR Nabisco's tobacco group. He also held financial positions at The Quaker Oats Co. and Kraft Inc. At $4.9 billion ITT, the controller, Edward Williams, was promoted to succeed Anderson as CFO.

NEW FINANCE CHIEF FOR FREDDIE

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