Honeywell vs PepsiCo: Founders, CEOs and History
Honeywell was founded in 1906 by Albert Butz, Mark C. Honeywell and is led by Vimal Kapur. PepsiCo was founded in 1965 by Caleb Bradham, Donald M. Kendall, Herman W. Lay and is led by Ramon Laguarta.
Company facts
Founders
Honeywell
Albert Butz
Albert Butz was a Swiss-born American inventor whose work is the origin of Honeywell. In 1885 he patented the 'damper flapper', an early automatic thermostat mechanism for controlling indoor temperature.
Mark C. Honeywell
Mark C. Honeywell was an American industrialist who gave the company its name. He was a heating contractor, and in 1906 he founded the Honeywell Heating Specialty Company to make hot water heat generators.
PepsiCo
Caleb Bradham
Caleb Bradham created "Brad's Drink" at his New Bern pharmacy in 1898, renamed it Pepsi-Cola and incorporated the Pepsi-Cola Company in 1902.
Donald M. Kendall
Donald M. Kendall led Pepsi-Cola and engineered its 1965 merger with Frito-Lay to form PepsiCo, which he ran as CEO until 1986.
Herman W. Lay
Herman W. Lay (1909-1982) started his career as a snack food salesman. In 1932, he opened a snack food operation in Nashville, Tennessee, eventually purchasing the manufacturer and renaming it H.W. Lay & Company.
CEOs and their tenures
Honeywell
- David M. Cote2002–2017
Chairman and CEO
Under Cote Honeywell grew its market value and margins, and he handed the chief executive role to Darius Adamczyk in 2017.
Source - Darius Adamczyk2017–2023
Former Chairman and Chief Executive Officer
Adamczyk oversaw $7.5 billion in strategic divestitures to modernize Honeywell's portfolio and built the software-and-services strategy that his successor, Vimal Kapur, used as the technical foundation for the 2025-2026 three-way breakup -- the Forge platform…
Source - Vimal Kapur2023–present
Chairman and Chief Executive Officer
Kapur is notable among major American industrial CEOs for reaching the top of a Fortune 500 company without a MBA or an US university degree.
Source
PepsiCo
- D. Wayne Calloway1986–1996
Chief Executive Officer
He more than doubled PepsiCo's revenues during his tenure and heavily invested in the restaurant division before it was later spun off.
Source - Roger Enrico1996–2001
Chief Executive Officer
He dramatically simplified the company's structure, allowing it to focus resources on its core grocery and convenience store distribution networks.
Source - Steven Reinemund2001–2006
Chief Executive Officer
He oversaw significant international expansion and revenue growth, setting a strong operational foundation before handing leadership to Nooyi.
Source - Indra Nooyi2006–2018
Chief Executive Officer
Under her 12-year tenure as CEO, PepsiCo's revenue grew by more than 80%, and she fundamentally reshaped the company's identity from a junk-food purveyor to a diversified global food and beverage giant.
Source - Ramon Laguarta2018–present
Chairman of the Board & Chief Executive Officer
He sustained strong organic revenue growth and protected operating margins through historically challenging supply chain conditions, while committing the company to major sustainability and packaging reduction goals.
Source
Timeline: Honeywell and PepsiCo side by side
1885Honeywell
Albert Butz Patents the Damper Flapper Thermostat
Albert Butz files his first automatic temperature-control patent and forms the Butz Thermo-Electric Regulator Company, creating the thermostat as a mass-market product for home furnaces.
1898PepsiCo
Pepsi-Cola Invented in North Carolina
Caleb Bradham formulated the original digestive cola syrup in his drugstore.
1906Honeywell
Honeywell Heating Specialty Company Founded
Mark C. Honeywell founds a heating-equipment business in Wabash, Indiana, that will later merge into the Honeywell name.
1927Honeywell
Minneapolis-Honeywell Regulator Company Formed
Mark Honeywell's heating business merges with the Electric Heat Regulator Company -- the descendant of Butz's original thermostat patents -- forming the direct ancestor of modern Honeywell, with W.R. Sweatt as chairman and Honeywell as president.
1965PepsiCo
Historic Merger of Pepsi-Cola & Frito-Lay
Donald Kendall and Herman Lay created PepsiCo, uniting snacks and soft drinks.
1975PepsiCo
Launch of the Pepsi Challenge
National blind taste tests shook Coca-Cola's market dominance and redefined advertising.
1997PepsiCo
Restaurant Business Spun Off
PepsiCo spun off its restaurant businesses (Pizza Hut, Taco Bell and KFC) as Tricon Global Restaurants, now Yum! Brands, in 1997.
1998PepsiCo
Acquisition of Tropicana ($3.3B)
Acquired chilled orange juice leader Tropicana to dominate morning beverages.
1999Honeywell
AlliedSignal and Honeywell Combine
AlliedSignal acquires Honeywell in a roughly $15 billion stock deal and keeps the Honeywell name for the combined aerospace, materials, and controls conglomerate.
2001PepsiCo
Acquisition of Quaker Oats & Gatorade ($13.4B)
Acquired Quaker Oats, adding sports hydration pioneer Gatorade to the portfolio.
2006PepsiCo
Indra Nooyi becomes CEO
Indra Nooyi became CEO of PepsiCo in 2006. Chief executive of PepsiCo from 2006 to 2018.
2011PepsiCo
Wimm-Bill-Dann Acquired
PepsiCo completed its acquisition of the Russian dairy and juice company Wimm-Bill-Dann in 2011.
2018Honeywell
Honeywell Forge Launched
then-CEO Darius Adamczyk launches Honeywell Connected Enterprise, which becomes Honeywell Forge, a cloud-based industrial IoT platform positioned as the company's top strategic priority for shifting toward recurring software revenue.
2018PepsiCo
Acquisition of SodaStream ($3.2B) & Ramon Laguarta Appointed CEO
Acquired SodaStream to pioneer eco-friendly dispensing; Ramon Laguarta took over as CEO.
2022PepsiCo
Strategic Distribution Alliance with Celsius ($550M)
Secured master global distribution for fast-growing energy brand Celsius.
2025Honeywell
Three-Way Breakup Announced
CEO Vimal Kapur announces a plan to split Honeywell into three independent public companies -- Aerospace, Solstice Advanced Materials, and automation-focused Honeywell Technologies -- following pressure from activist investor Elliott Management.
2025Honeywell
Advanced Materials Separated as Solstice
Honeywell completes the spin-off of its Advanced Materials business as the independent, Nasdaq-listed Solstice Advanced Materials on October 30, 2025.
2025PepsiCo
poppi Acquisition and Elliott-Backed Plan
Closed the $1.95 billion poppi deal and announced a North America cost and pricing reset in December.
2026Honeywell
Honeywell Aerospace Spin-Off Completed
Honeywell completes the Aerospace spin-off in June 2026, and the parent begins operating as the pure-play automation company Honeywell Technologies.
2026Honeywell
Quantinuum IPO
Quantinuum lists on Nasdaq as QNT, raising $1.68 billion at $60 per share; Honeywell deconsolidates it in Q2 2026.
2026Honeywell
Warehouse and PSS Businesses Sold
Honeywell Technologies sells Warehouse and Workflow Solutions (Intelligrated) to American Industrial Partners in July and PSS to Brady for $1.4 billion in August 2026.
2026PepsiCo
Price Cuts on Core Snacks
Lowered prices on major Frito-Lay brands by up to 15% to recover US volumes.
Acquisitions
Honeywell
- Honeywell Aerospace spin-off2026Undisclosed
- Advanced Materials separation2025Undisclosed
- Access Solutions (Carrier Global)2024$5B
- Elster2015$5.1B
- Intermec2013$600M
- Pittway Corporation2000$2.2B
PepsiCo
- poppi2025$1.9B
- SodaStream International2018$3.2B
- The Quaker Oats Company (including Gatorade)2001$13.4B
- Tropicana Products1998$3.3B
Questions about Honeywell vs PepsiCo
Who is the CEO of Honeywell Technologies and PepsiCo, Inc.?
Honeywell Technologies is led by Vimal Kapur and PepsiCo, Inc. is led by Ramon Laguarta. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Honeywell Technologies founded vs PepsiCo, Inc.?
Honeywell Technologies was founded in 1906 — 59 years before PepsiCo, Inc., which was founded in 1965. Honeywell Technologies's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger PepsiCo, Inc..
How many employees does Honeywell Technologies have compared to PepsiCo, Inc.?
Honeywell Technologies employs approximately 50,000 people, while PepsiCo, Inc. employs approximately 306,000. PepsiCo, Inc. has the larger workforce at 306,000 employees, compared to Honeywell Technologies's 50,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Honeywell Technologies and PepsiCo, Inc. headquartered?
Both Honeywell Technologies and PepsiCo, Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Honeywell Technologies and PepsiCo, Inc.?
Honeywell Technologies was founded by Albert Butz, Mark C. Honeywell. PepsiCo, Inc. was founded by Caleb Bradham, Donald M. Kendall, Herman W. Lay.
Which company has a longer operating history — Honeywell Technologies or PepsiCo, Inc.?
Honeywell Technologies has been operating for approximately 120 years, making it the more established of the two companies. PepsiCo, Inc. has been in operation for around 61 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Honeywell vs PepsiCo overview