Johnson Controls Announces CEO Succession Plan
Ireland: Johnson Controls has announced that has informed the Board of Directors of his decision to begin the CEO succession process following the company's notable progress in portfolio transformation. Oliver, who has served as chairman and CEO since 2017, will continue in his role until a successor is named and will then stay on as chair of the Board to ensure a smooth transition. The Board has initiated a comprehensive search for the next CEO, working with a leading executive search firm to evaluate both internal and external candidates. In addition, as part of the ongoing Board refreshment and following discussions with Elliott Investment Management L.P., Patrick Decker has been appointed to the Board, effective immediately. Decker, the former president and CEO of Xylem Inc., joins the Board, which now has 13 members, 12 of whom are independent.
Source: Johnson Controls