Honeywell Announces Garrett as Company Name for Transportation Systems Business After Spin-Off, and it will now be known as Garrett.
President & CEO
Olivier Rabiller directs global corporate strategy as the head of Garrett’s global leadership team. In 2018, Rabiller led the spinoff of the automotive business from Honeywell to create Garrett - Advancing Motion. Over the course of his nearly 20-year tenure with Honeywell, Rabiller held a series of increasingly large leadership roles helping build a global leader in turbocharging technologies, electric products and automotive software.
Chairman of the Board
Carlos Cardoso was appointed as Chairman of the Board in July 2018. Cardoso is the principal of CMPC Advisors, with more than two decades of experience as a successful leader of public industrial companies, with extensive experience in manufacturing and distribution operations. He also is an active board member of the Stanley Black & Decker and Hubbell Corporation, and serves on the Fairfield University Board of Trustees.
- Founded: 1954
- Spin-Off: Oct.1, 2018
- HQ: Rolle, Switzerland
- Stock Ticker: GTX (NYSE)
- Employees: 7,500
- Engineers: 1,200
- R&D Centers: 5
- Manufacturing Plants: 13
- OEM Partners: ≈ 40
- Turbos in Use Globally: 100M+
Garrett is a cutting-edge technology provider that enables vehicles to become safer, and more connected, efficient and environmentally friendly. We lead the development of innovative and differentiated solutions for turbocharging, electrification and automotive software, which empower the transportation industry to redefine and further advance motion.
The Garrett name has stood for pioneering turbocharging technology for more than 60 years and has made an indelible mark on the driving habits of millions of vehicle owners as well as the history of automotive engine performance. Following the successful spinoff from Honeywell in October 2018, Garrett, formerly Transportation Systems, is synonymous with turbocharging technologies and continues to make investments in electrification and automotive software in response to the global macros we see reshaping our industry. Garrett’s 2017 sales were approximately $3.1 billion USD across 160 countries.
Garrett is focused on three key verticals — turbochargers, electric boosting products and connected vehicle software. We’ve developed a rich portfolio of products for the broadest range of engine applications in the industry spanning gas, diesel, natural gas, electric and fuel cell powertrains. Garrett has also developed differentiated technology addressing global macros driving the development of connected and autonomous vehicle technologies with software solutions to monitor vehicle performance and health, and help ensure secure and safe vehicle operation.
Our technologies and innovations are used by nearly every major global automaker, resulting in more 100 million vehicles on the road today that use our products. Garrett’s product portfolio provides technology enhancing passenger vehicles, commercial vehicles and on- and off-highway equipment. In addition to supplying original equipment manufacturers, Garrett also runs a global aftermarket business supplying OEM replacement and independent aftermarket replacement parts as well an industry leading performance parts catalogue. To learn more about our technology, visit us at www.garrettmotion.com.