Jürgen Tinggren
Johnson Controls InternationalAbout Jürgen Tinggren
Jürgen Tinggren, 66, has served on the Johnson Controls (JCI) board since 2014 and is the Independent Lead Director. He sits on the Governance & Sustainability Committee and the Executive Committee. A former CEO of the Schindler Group, he brings deep operating and international experience in building services and industrial products; he currently chairs N.V. Bekaert S.A. and leads its nomination/governance committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Schindler Group | Chief Executive Officer; President of Group Executive Committee | 2007–2013 | Led global elevator/escalator manufacturing and services; M&A; global team leadership |
| Schindler Group | Member, Board of Directors | 2014–2016 | Post-CEO board service |
| Schindler Group | Group Executive Committee (Europe; Asia/Pacific; Technology & Strategic Procurement) | 1997–2007 | Regional/functional leadership across Europe and Asia/Pacific, technology sourcing |
| Sika AG Group | Director | 2014–2018 | Board oversight at specialty chemicals/building materials company |
| OpenText Corporation | Director; Audit Committee member | 2017–2020 | Software governance; audit oversight; digital business exposure |
External Roles
| Organization | Role | Status | Committees/Notes |
|---|---|---|---|
| N.V. Bekaert S.A. | Chairman | Current | Head of Nomination & Governance Committee |
Board Governance
- Current JCI roles: Independent Lead Director; member – Governance & Sustainability Committee; member – Executive Committee .
- Independence: The board determined all nominees except the CEO are independent under NYSE and the company’s stricter standards; Tinggren is independent .
- Attendance/engagement: The full board met 8 times in FY2024; all directors attended ≥75% of their board/committee meetings; average attendance ≈99%. Governance & Sustainability Committee held 4 meetings in FY2024 .
- Lead Director responsibilities and engagement: Acts as intermediary between board and management; collaborates with the Chair/CEO on agenda-setting; chairs executive sessions of independent directors; co-hosts monthly board update calls between formal meetings; highly engaged with CEO, senior management, and external advisors, including on director succession and governance .
- Executive sessions: Independent directors regularly meet in executive session, chaired by the Lead Director .
- CEO succession: The board is actively executing CEO succession; Lead Director collaborates on governance and director succession processes .
Fixed Compensation
| Component (FY2024) | Amount (USD) | Notes |
|---|---|---|
| Annual cash retainer | $145,000 | Standard non-employee director retainer |
| Lead Independent Director fee | $40,000 | Additional cash for Lead Director role |
| Committee chair fees | — | $25,000 chair fee applies to committee chairs; Tinggren not a chair |
| Meeting fees | — | Not disclosed (no per-meeting fees disclosed) |
| Total cash paid to Tinggren | $185,000 | Per director compensation table |
Performance Compensation
| Equity/Performance Element (FY2024) | Detail |
|---|---|
| RSU annual grant (grant-date fair value) | $180,000; one-year vest; delivered upon vest |
| Options/PSUs | None disclosed for directors; equity is time-based RSUs |
| Performance metrics tied to director pay | Not applicable – director compensation is not performance-conditioned; RSUs are time-vested |
Other Directorships & Interlocks
| Company | Role | Period | Potential Interlock/Related-Party Notes |
|---|---|---|---|
| N.V. Bekaert S.A. | Chairman; head of Nom/Gov Committee | Current | Company states commercial transactions with companies where JCI directors serve occurred in the normal course, but none exceeded 1% of JCI gross revenues; not considered related party transactions under policy thresholds |
| Sika AG Group | Director | 2014–2018 | Prior public directorship |
| OpenText Corporation | Director; Audit Committee member | 2017–2020 | Prior public directorship; technology/audit oversight |
Related-party/Conflict controls: Governance & Sustainability Committee pre-approves transactions above thresholds; formal policy in place. Under SEC-related person disclosure framework, JCI reported ordinary-course transactions below policy thresholds and not considered related-party transactions; charitable donations linked to director affiliations require board approval and are capped by policy .
Expertise & Qualifications
- Former CEO with deep operating experience in building services, industrial products, and installation/service businesses; significant M&A and global leadership experience across Europe, U.S., and Asia .
- Digital/business software exposure via OpenText directorship; financial understanding from CEO tenure and audit committee experience .
- As Lead Director, demonstrates strong governance leadership, agenda-setting, executive session leadership, and ongoing engagement with management and external advisors .
Equity Ownership
| Item | Detail |
|---|---|
| Beneficial ownership (as of Jan 7, 2025) | 27,215 JCI shares (beneficially owned) |
| Director stock ownership guideline | 5x annual cash retainer; expected within 5 years; once met, remains qualified despite market moves if shares aren’t sold |
| Hedging/pledging | Comprehensive anti-hedging and anti-pledging policy under Insider Trading Policy |
Governance Assessment
- Strengths: Independent Lead Director with active, well-defined responsibilities enhances checks and balances in JCI’s combined Chair/CEO structure; high engagement cadence (monthly update calls, executive sessions) supports board effectiveness. Governance posture includes anti-hedging/pledging and robust director ownership guidelines, aligning director incentives with shareholders .
- Alignment and incentives: Director pay mix is balanced between cash and equity (time-based RSUs), with Lead Director incremental cash appropriate for expanded duties; FY2025 director pay maintained without increases, suggesting cost discipline .
- Independence/attendance: Independent under heightened company standards; board-wide attendance robust (avg ~99%; ≥75% threshold met), supporting investor confidence in oversight rigor .
- Conflicts/related parties: Current external chair role at Bekaert noted; company discloses controls and that ordinary-course transactions with director-affiliated companies did not cross related-party thresholds; charitable affiliations controlled via board approval limits. No red flags identified in filings regarding related-party transactions, hedging/pledging, or attendance .
Overall signal: Tinggren’s background in building services and industrial operations, combined with his Lead Director governance role and active engagement model, supports board effectiveness and risk oversight during JCI’s portfolio transformation and CEO succession process .