MORRIS TOWNSHIP, N.J. — Honeywell International Inc.'s new chief executive officer, Lawrence Bossidy, has streamlined internal reporting procedures to match the way the company's business segments are aligned.

        Mr. Bossidy, the former company CEO, was brought back last week from retirement after the company's $43 billion merger with General Electric collapsed. He told employees that instead of reviewing multiple reports from different segments, he will now get only one from each, spokesman Tom Crane said.

        The high-tech manufacturer has four business segments: transportation and power systems; automation and control technology and services; specialty materials; and its $10 billion-a-year aerospace business.

        “I'm not here to dismantle this company or to sell the company,” Mr. Bossidy told The Star-Ledger of Newark for Friday's editions. “We've got some issues we have to address, and we're going to take those on.”

        Mr. Crane also said Honeywell executive vice president and chief operating officer Giannantonio Ferrari, 61, was retiring this weekend after 40 years with Honeywell.

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