Johnson Controls
 |
|
| Public | |
| Traded as | : JCI S&P 500 Component |
| Industry |
Automotive Interiors HVAC Equipment and Controls battery Manufacturing |
| Founded | 1885 |
| Headquarters |
North American HQ -Glendale, Wisconsin |
|
Key people
|
Alex Molinaroli, Chairman and CEO |
| Products | Automobile Interior Designs, Car Seats, Batteries, Climate Control, Facility Management |
| Revenue | US$ 42.89 billion (2014) |
| US$ 1.336 billion (2014) | |
|
Number of employees
|
170,000 (As on Nov 30, 2012) |
| Website | www |
North American HQ -Glendale, Wisconsin
Johnson Controls is an Americanmultinational conglomerate producing automotive parts such as batteries and electronics and HVAC equipment for buildings. It employs 170,000 people in more than 1,300 locations across six continents. As of 2012[update] it was listed as 67th in the Fortune 500 and 251st in Global 500.
On January 25, 2016, Johnson announced its merger with Tyco International to form "Johnson Controls International plc". The merger led to the avoidance of U.S. taxes of its foreign market operations and a financial windfall for the CEO. On October 31, 2016, the former Johnson Controls Automotive Experience division was spun off as a separate, publicly-traded company, Adient plc, and began trading on the New York Stock Exchange.
In 1883, Warren S. Johnson, a professor at the State Normal School in Whitewater, Wisconsin, received a patent for the first electric room thermostat. His invention helped launch the building control industry and was the impetus for a new company. Johnson and a group of Milwaukee investors incorporated the Johnson Electric Service Company in 1885 to manufacture, install and service automatic temperature regulation systems for buildings. After Johnson's death in 1911, the company decided to focus on its temperature control business for nonresidential buildings. The company was renamed Johnson Controls in 1974.
On November 21, 2005, Johnson Controls Inc. said it must restate financial results for fiscal years 2003 and 2004 and the first three quarters of fiscal 2005. The changes would have no impact on net income, earnings per share or the financial position as previously reported. The Johnson Controls plant in Lakeshore, Ontario closed in late March 2010 and the property was sold. In 2013, Stephen Roell retired and Alex Molinaroli took his position as CEO and chairman of the board.
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Wikipedia