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The Partnership for Economic Innovation Adds Mike Madsen to its Board of Directors

Former Honeywell Aerospace CEO brings industry leadership to advance Arizona’s innovation economy

PHOENIX (June 27, 2025) – The Partnership for Economic Innovation (PEI), a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities, announces Mike Madsen, former President and CEO of Honeywell Aerospace, has joined its board of directors. Madsen brings extensive industry knowledge and leadership experience to PEI’s mission of positioning Arizona as a global leader in advanced technology and manufacturing.

Madsen has already had an impact with the organization integrating a forward-looking and industry-led initiative to create an environment where Arizona companies and residents can thrive and prosper through innovation. This work aligns with PEI’s focus on fostering smarter growth in Greater Phoenix and will enhance PEI’s ability to drive collaboration between industry, academia, and government.

“Mike Madsen brings invaluable industry expertise and a proven track record of leadership that will help advance PEI’s mission to accelerate economic opportunities in Arizona,” said Chris Camacho, President and CEO of the Greater Phoenix Economic Council and PEI Board Member. “His influence in driving a future-focused vision with PEI that engages the private sector solidifies the market’s standing as a global hub for innovation and advanced manufacturing.”

During his tenure at Honeywell Aerospace, Madsen led a global organization with a strong presence in Arizona whose products and services are found on virtually every commercial, defense and space aircraft. With more than three decades of aerospace experience, he has held various executive positions, leading multi-billion-dollar business units and global support functions.

“Arizona must fully participate in the advanced innovation economy to achieve resilient, smarter growth that benefits everyone,” said Mike Madsen, former President and CEO of Honeywell Aerospace. “I’m committed to helping create an environment where any company with a presence in Arizona and our residents can thrive through higher value production, more high-paying jobs, increased entrepreneurship, and greater local investment. I admire PEI for their dedicated work making this vision a reality.”

Madsen’s extensive background includes serving as Vice President of Integrated Supply Chain for Honeywell Aerospace and President of Honeywell Aerospace Defense and Space. He began his career at Honeywell as an engine performance engineer and advanced through positions of increasing responsibility in program management. Madsen earned his B.S. in aerospace engineering from Arizona State University and his M.B.A. from Duke University.

To learn more about the Partnership for Economic Innovation and its initiatives, visit www.azpei.org.

Who is Mike Madsen?
Mike Madsen is the former President and CEO of Honeywell Aerospace who has joined the Partnership for Economic Innovation’s board of directors. He brings extensive industry knowledge and leadership experience to PEI’s mission.

What is PEI?
The Partnership for Economic Innovation (PEI) is a passionate collective of business and community leaders dedicated to accelerating Arizona’s economic opportunities. PEI works to position Arizona as a global leader in advanced technology and manufacturing.

When did Mike Madsen join PEI?
Mike Madsen joined the Partnership for Economic Innovation’s board of directors in June 2025. His addition to the board was announced on June 27, 2025.

Where did Mike Madsen work before?
Mike Madsen previously served as the President and CEO of Honeywell Aerospace, a global organization with a strong presence in Arizona. He spent more than three decades at Honeywell in various executive positions.

Why did PEI add Madsen to its board?
PEI added Mike Madsen to its board because of his invaluable industry expertise and proven track record of leadership. According to Chris Camacho, Madsen’s influence helps solidify Arizona’s standing as a global hub for innovation and advanced manufacturing.

What is PEI's mission?
PEI’s mission is to accelerate economic opportunities in Arizona by positioning the state as a global leader in advanced technology and manufacturing. The organization focuses on fostering smarter growth in Greater Phoenix.

How many years of experience does Madsen have?
Mike Madsen has more than three decades of aerospace experience. During his career at Honeywell, he held various executive positions, leading multi-billion-dollar business units and global support functions.

Where did Madsen get his education?
Mike Madsen earned his B.S. in aerospace engineering from Arizona State University and his M.B.A. from Duke University. His educational background complements his extensive industry experience.

What positions did Madsen hold at Honeywell?
At Honeywell, Mike Madsen served as President and CEO of Honeywell Aerospace, Vice President of Integrated Supply Chain for Honeywell Aerospace, and President of Honeywell Aerospace Defense and Space. He began his career there as an engine performance engineer.

What is Arizona's economic focus?
Arizona is focusing on becoming a global leader in advanced technology and manufacturing. PEI works to create an environment where companies and residents can thrive through innovation.

How does PEI drive economic growth?
PEI drives economic growth by fostering collaboration between industry, academia, and government. The organization works to create an environment for higher value production, more high-paying jobs, increased entrepreneurship, and greater local investment.

What does Madsen think about Arizona's economy?
Mike Madsen believes Arizona must fully participate in the advanced innovation economy to achieve resilient, smarter growth that benefits everyone. He is committed to creating an environment where companies and residents can thrive.

Where can I learn more about PEI?
You can learn more about the Partnership for Economic Innovation and its initiatives by visiting their website at www.azpei.org. The website provides information about PEI’s work to accelerate Arizona’s economic opportunities.