Johnson Controls International plc
Johnson Controls Announces CFO Resignation and Successor Appointment
Summary
Johnson Controls International plc announced the resignation of its Executive Vice President and Chief Financial Officer, Olivier Leonetti, effective January 30, 2024. Marc Vandiepenbeeck has been appointed as his successor. Leonetti's resignation is not due to any disagreements with the company, and he will be taking an executive role outside of the company. Vandiepenbeeck will receive a base salary of $750,000, participate in the company's Annual Incentive Performance Program, and receive long-term equity incentive awards. There are no required transactions to report since the beginning of the company's last fiscal year. The company has filed a press release as Exhibit 99.1 to this report.
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About Johnson Controls International plc
Johnson Controls International plc is a leading diversified technology and multi-industrial company that provides a wide range of products and services across various industries. Its primary function is to optimize building efficiencies, enhance comfort, and ensure safety. The company is widely recognized for its Building Technologies and Solutions division, which offers integrated platforms for HVAC (heating, ventilation, air conditioning), building automation, and security systems. Additionally, Johnson Controls plays a pivotal role in the energy sector through its power solutions, particularly with a focus on developing state-of-the-art battery technologies for automotive and renewable energy applications. As a global leader headquartered in Cork, Ireland, Johnson Controls serves various sectors including residential, commercial, and industrial markets. Its commitment to sustainability and innovation positions it as a significant player in advancing smart building and energy solutions on a global scale.
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