Johnson Controls appoints Bruce McDonald executive vice president and vice chairman; Brian Stief named executive vice president and chief financial officer
MILWAUKEE, Sept. 23, 2014 /PRNewswire/ -- Global multi-industrial company Johnson Controls today announced R. Bruce McDonald, most recently the company's executive vice president and chief financial officer, has been named executive vice president and vice chairman, effective immediately. McDonald will move into a new vice chairman's role which is designed to drive operational and financial performance within the businesses while also directing specific enterprise functions and strategic initiatives, including: procurement, corporate development, investor relations, enterprise ERP implementation, and responsibility for businesses held as discontinued operations.
"Bruce's demonstrated success and leadership at Johnson Controls give me every confidence that he will make an impact with this new role," saidAlex Molinaroli, Johnson Controls chairman and CEO. "This appointment will enable us to deliver on both the short- and long-term commitments we have made to our customers, our employees and our shareholders."
McDonald joined Johnson Controls in 2001. He was appointed vice president and chief financial officer in 2005 and named executive vice president in 2006. Prior to Johnson Controls, McDonald held a variety of financial positions of increasing responsibility at Ernst & Young and Varity Corporation, which was acquired by TRW where he held the position of vice president, Finance. He received a Bachelor of Commerce fromMcMaster University, and he is a chartered accountant and a certified public accountant.
Brian Stief has been appointed executive vice president and chief financial officer of Johnson Controls, effective immediately. Stief most recently served as vice president and corporate controller, responsible for global finance functions, financial planning and analysis and corporate taxation. Prior to joining Johnson Controls in 2010, he was a partner at Pricewaterhouse Coopers, where he spent more than 30 years serving the firm's largest clients and held various regional and managing partner roles. He has a Bachelor of Business Administration in finance and accounting from the University of Iowa.
"These well-deserved promotions for Bruce and Brian reflect the company's long-standing commitment to leadership excellence, and will help us achieve our growth objectives as we further establish Johnson Controls as a global multi-industrial leader in our markets," said Molinaroli.
About Johnson Controls:
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility Magazine recognized Johnson Controls as the #12 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com or follow @johnsoncontrols on Twitter.
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2014, Corporate Responsibility Magazine recognized Johnson Controls as the #12 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com or follow @johnsoncontrols on Twitter.
CONTACT:
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Fraser Engerman
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414-524-2733
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SOURCE Johnson Controls
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