Johnson Controls Announces Initiation of CEO Succession Following Significant Milestones in Portfolio Transformation

CORK, Ireland, July 31, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), a global leader for smart, healthy and sustainable buildings, today announced that George R. Oliver has informed the Board of Directors that it is time to initiate the CEO succession plan following the company's substantial progress on its portfolio transformation. Oliver has led the Johnson Controls' business and portfolio transformation since becoming Johnson Controls' chairman and CEO in 2017.