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Johnson Controls International plc (JCI) is a global leader in smart, healthy, and sustainable building solutions, serving customers in over 150 countries. The company operates through four business segments, providing a range of services including the design, sale, installation, and servicing of HVAC systems, controls, building management, refrigeration, integrated electronic security, and fire-detection and suppression systems . JCI also offers energy-efficiency solutions and technical services, leveraging its extensive product portfolio and digital capabilities through its OpenBlue platform to deliver integrated and customizable solutions .
- Global Products - Designs, manufactures, and sells HVAC equipment, controls software and services, refrigeration equipment and controls, fire protection and suppression systems, and security products such as intrusion security, anti-theft devices, access control, and video surveillance systems .
- Building Solutions North America - Designs, sells, installs, and services HVAC systems, controls, building management, refrigeration, integrated electronic security, and integrated fire-detection and suppression systems .
- Building Solutions EMEA/LA - Provides similar offerings as the North America segment, focusing on the Europe, Middle East, Africa, and Latin America regions .
- Building Solutions Asia Pacific - Offers the same range of products and services as other regional segments, tailored for the Asia Pacific market .
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
George R. Oliver ExecutiveBoard | Chairman and CEO | Director at Raytheon Technologies; Chairman of Energy & Environment Committee (Business Roundtable); Chairman of Sustainable Buildings Task Force (Sustainable Markets Initiative) | George R. Oliver has been CEO since 2017, leading JCI's transformation post-merger with Tyco. He has extensive leadership experience in industrial and building solutions sectors. | September 1, 2017 |
Joakim Weidemanis Executive | CEO (effective March 12, 2025) | Non-Executive Board Member at ASSA ABLOY Group | Joakim Weidemanis, formerly EVP at Danaher Corporation, was appointed CEO to drive JCI's growth and innovation strategy. He has extensive experience in scaling global technology businesses. | March 12, 2025 |
John Donofrio Executive | Executive Vice President and General Counsel | Director at FARO Technologies, Inc. | John Donofrio has been JCI's General Counsel since 2017, overseeing legal and compliance matters. He also serves on FARO Technologies' board. | November 2017 |
Julie Brandt Executive | Vice President and President, Global Field Operations | None | Julie Brandt joined JCI in 2023 and now leads Global Field Operations. She previously led Building Solutions North America and expanded the Johnson Controls Academy. | January 9, 2025 |
Lei Zhang Schlitz Executive | Vice President and President, Global Products | Director at Archer Daniels Midland Company (ADM) | Lei Zhang Schlitz joined JCI in 2022, bringing expertise in industrial and technology sectors. She leads JCI's product portfolio and innovation strategy. | November 2022 |
Marc Vandiepenbeeck Executive | Executive Vice President and CFO | None | Marc Vandiepenbeeck joined JCI in 2005 and became CFO in 2024. He has held various finance leadership roles globally, contributing to JCI's financial strategy and growth. | January 31, 2024 |
Marlon Sullivan Executive | Executive Vice President and CHRO | None | Marlon Sullivan joined JCI in 2021 and leads human resources, focusing on workforce transformation and talent strategies. | September 2021 |
Nathan Manning Executive | Vice President and President, Building Solutions North America | None | Nathan Manning has been with JCI since 2019, holding various leadership roles. He now leads the North America segment, focusing on operational excellence and growth. | January 9, 2025 |
Richard Lek Executive | Vice President and President, Building Solutions EMEALA | None | Richard Lek joined JCI in 2002 and has held multiple leadership roles globally. He now leads the EMEALA region, driving operational efficiency and growth. | November 2024 |
Ayesha Khanna Board | Director | CEO of Addo; Director at Neom Tonomous; Founder and Chair of 21st Century Girls | Ayesha Khanna joined JCI's board in 2023, contributing expertise in AI, smart cities, and technology strategy. | March 2023 |
Gretchen R. Haggerty Board | Director | Director at Teleflex Corporation; Director at Atmus Filtration Technologies, Inc. | Gretchen Haggerty joined JCI's board in 2018, bringing financial expertise from her career as CFO of U.S. Steel. | March 2018 |
Jean Blackwell Board | Director | Director at Ingevity Corporation; Director at Celanese Corporation | Jean Blackwell has been a JCI director since 2018, with extensive financial and governance expertise from her career at U.S. Steel and other boards. | June 2018 |
John D. Young Board | Director | Director at Arvinas, Inc.; Director at Novartis AG | John D. Young joined JCI's board in 2017, leveraging his extensive healthcare and global business leadership experience from Pfizer. | December 2017 |
Jürgen Tinggren Board | Lead Independent Director | Chairman at N.V. Bekaert S.A. | Jürgen Tinggren has been a JCI director since 2014 and serves as Lead Independent Director, bringing expertise in governance and global business leadership. | March 2014 |
Mark Vergnano Board | Director | Director at Waters Corporation; Founding Chair of Vergnano Institute for Inclusion | Mark Vergnano joined JCI's board in 2016, bringing leadership experience from his tenure as CEO of Chemours. | September 2016 |
Patrick K. Decker Board | Director | Advisory Council Member at Indiana University Kelley School of Business | Patrick Decker joined JCI's board in 2024, leveraging his experience as CEO of Xylem Inc. and expertise in sustainability and water infrastructure. | July 31, 2024 |
Pierre Cohade Board | Director | Director at CEAT Ltd.; Director at Eurofor Group; Chairman of IMA in China | Pierre Cohade joined JCI's board in 2018, bringing global business and operational expertise, particularly in Asia. | December 2018 |
Seetarama (Swamy) Kotagiri Board | Director | CEO of Magna International Inc.; Director at Magna International | Swamy Kotagiri joined JCI's board in 2024, leveraging his leadership experience in the automotive and mobility technology sectors. | March 13, 2024 |
Timothy M. Archer Board | Director | President and CEO of Lam Research Corporation; Director at Lam Research; Member of SEMI International Board of Directors | Timothy M. Archer joined JCI's board in 2024, bringing expertise in semiconductor and technology industries. He is the CEO of Lam Research. | March 13, 2024 |
W. Roy Dunbar Board | Director | Director at Duke Energy Corporation; Director at McKesson Corporation; Director at SiteOne Landscape Supply, Inc. | W. Roy Dunbar has been a JCI director since 2017, with expertise in IT, cybersecurity, and global business leadership. | June 2017 |
- The Global Products business reported an adjusted segment EBITDA margin expansion of 700 basis points to 28% in Q4 ; were there any one-time factors or mix effects contributing to this, and how sustainable are these margin levels going forward?
- With the announced restructuring plan expected to deliver $500 million of benefits over time , can you provide more detail on the specific areas targeted for cost reductions, and explain how and when these benefits will be reflected in your financials?
- You indicated that the effective tax rate is expected to increase by 400 to 500 basis points in fiscal 2026 due to global tax reforms ; what specific changes are driving this increase, and what strategies are you considering to mitigate its impact on net earnings?
- Given your record backlog of $13.1 billion at the end of fiscal 2024 driven by data center demand , do you expect backlog levels to remain consistent, decline, or grow in fiscal 2025, especially considering potential fluctuations in key verticals?
- Aside from data centers, can you elaborate on the performance of applied sales in North America across other key verticals such as health care, manufacturing, and commercial real estate, and highlight any positive or negative trends affecting these sectors ?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market include this company, which operates in the residential and non-residential marketplace. | |
Siemens Smart Infrastructure | An operating group of Siemens AG, this company is one of the larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. |
Schneider Electric SA | This company is listed among the larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. |
This company is a significant competitor in the HVAC equipment, security, fire-detection, fire suppression and controls market. | |
Included among the larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. | |
This company is one of the larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. | |
Listed as a larger competitor in the HVAC equipment, security, fire-detection, fire suppression and controls market. | |
GC Midea Holding Co, Ltd. | This company is among the larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. |
Gree Electric Appliances, Inc. | Included in the list of larger competitors in the HVAC equipment, security, fire-detection, fire suppression and controls market. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
FM:Systems | 2023 | Johnson Controls completed the FM:Systems acquisition in July 2023 for a total of $540 million (including $465 million upfront cash and $75 million of contingent earn-out liabilities) to enhance its OpenBlue digital and IoT workplace management platform, recording $399 million in goodwill and $194 million in intangible assets. |
M&M Carnot | 2023 | This acquisition bolsters Johnson Controls' sustainability goals by adding natural refrigerant solutions that use low-GWP CO2 technology, aligning with its decarbonization and digital transformation strategies. |
Other Unnamed Businesses | 2023 | In fiscal 2023, Johnson Controls acquired several unnamed businesses for a combined purchase price of $306 million (with $260 million paid as of September 30, 2023), recognizing $116 million in intangibles and allocating goodwill across multiple segments. |
Multiple Acquisitions | 2022 | In 2022, Johnson Controls completed multiple acquisitions for a total of $323 million (with $269 million paid as of September 30, 2022), resulting in $194 million in goodwill and $123 million in intangible assets across various global segments, enhancing its overall market position. |
Recent developments and announcements about JCI.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsRegulation FD DisclosureLeadership ChangesView full 8-K filing →Johnson Controls' 8‑K filing details a CEO succession. Effective March 12, 2025, George Oliver retires as CEO (remaining Chairman until July 31) while Joakim Weidemanis is named new CEO with a base salary of $1.5M and significant LT awards ,.
Press Releases
Press Release
·Feb 12, 2025, 1:49 AMView full press release →Joakim Weidemanis, with 30-year global leadership experience, is named CEO effective March 12, 2025, succeeding George R. Oliver, who will remain non‐executive chairman until July 31, 2025.