David M. Cote
| David Cote | |
|---|---|
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| Born |
David M. Cote 19 July 1952 Manchester, New Hampshire, U.S. |
| Education | Pembroke Academy |
| Alma mater | University of New Hampshire |
| Salary | $29,142,121 (total compensation, FY2014) |
| Children | 3 (2 from first marriage, 1 from second) |
David M. "Dave" Cote (born July 19, 1952) is an American businessman. Cote previously worked for General Electric and TRW Inc. before he was appointed chairman and chief executive officer (CEO) of Honeywell in 2002, following their acquisition by AlliedSignal. Cote also sat on the JP Morgan Chase risk committee during the period in which the firm lost $6 billion trading credit derivatives.
Cote was born in Manchester, New Hampshire and graduated from Pembroke Academy in Pembroke, New Hampshire in 1970. The following year, Cote enrolled at the University of New Hampshire, and while attending UNH full-time, he worked an hourly job on the night shift at a nearby GE jet engine plant. In 1976, he graduated from the University of New Hampshire with a bachelor's degree in business administration.
Cote joined General Electric full-time in November 1976, where he served over twenty years. He transitioned from his hourly production work at the General Electric aircraft-engine plant in New Hampshire to a full-time auditing job at another GE plant in Massachusetts. In 1985, his handling of an interaction with CEO Jack Welch became the catalyst for Cote's advancement at GE. Welch promoted Cote three levels of management. Over his career there, he held positions in manufacturing, finance, marketing, strategic planning and general management, before becoming CEO of GE Appliances in 1996.
In November 1999, Cote joined TRW as president and COO where he introduced the Six Sigma management system to reduce defects in manufacturing. In February 2001, Cote was appointed CEO, and later chairman of the board. Cote led the creation of the TRW subsidiary Velocium, which manufactured ultra-high-speed semiconductors.
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