Core Insights - Matt Calderone has been appointed as the Chief Financial Officer (CFO) of the Mobility business at S&P Global, effective March 1, 2026, overseeing the finance function of the standalone company [1][2] - The separation of the Mobility business from S&P Global is expected to be completed within 12 to 18 months, pending legal and regulatory approvals [3] Company Leadership - The executive team for the future standalone Mobility company is being established, with Matt Calderone's experience as a public company CFO being highlighted as critical for the transition [2] - Other executives named in the leadership team include Bill Eager as President and CEO-designate, Larissa Cerqueira as Chief People Officer, Scott Fredericks as President of CARFAX, Joe Lafeir as President of Mobility Business Solutions, Joedy Lenz as Chief Information Officer, and Tasha Matharu as Chief Legal Officer [7] Matt Calderone's Background - Matt Calderone previously served as the CFO of Booz Allen, where he led financial strategy and execution, overseeing various financial functions including strategic finance, investor relations, and M&A transactions totaling over $1.5 billion [4][5] - He has a 22-year career at Booz Allen, contributing to the company's financial and strategic transformation, including the development of growth strategies and leading corporate development efforts [5][6]

Core Viewpoint - Resideo Technologies, Inc. plans to separate its ADI Global Distribution business through a tax-free spin-off, expected to be completed in the second half of 2026, allowing both entities to enhance operational performance and strategic flexibility [1][9]. Company Overview - Resideo is a leading global manufacturer and distributor of technology-driven sensing and controls products for residential and commercial markets, with a focus on maximizing comfort, safety, and cost savings [3][16]. - The Products & Solutions (P&S) segment generated net revenue of $2.6 billion with an adjusted EBITDA margin of 24.2% for the twelve-month period ending March 29, 2025 [4]. - ADI Global Distribution is the leading global wholesale distributor of low-voltage products, with net revenue of $4.5 billion and an adjusted EBITDA margin of 7.5% for the same period [7]. Strategic Rationale - The separation is intended to allow both ADI and P&S to unlock their full potential and better serve stakeholders by focusing on their distinct business models [2]. - ADI will continue to leverage its global footprint and exclusive brands to maintain competitive advantages in the low-voltage products market [6][7]. Financial Expectations - Resideo anticipates its second quarter 2025 financial results will exceed previous outlooks, projecting net revenue between $1.805 billion and $1.855 billion, with adjusted EBITDA of $175 million to $195 million [11][12]. Transaction Details - The spin-off does not require shareholder approval and is subject to customary conditions, including board approval and regulatory approvals [9]. - Resideo has entered into an agreement with Honeywell to accelerate a one-time cash payment of $1.59 billion, eliminating future monetary obligations under the Indemnification Agreement [10].