Home » Business

Johnson Controls Announces Quarterly Dividend; Elects Brian Stief as Corporate Officer

29 July 2010 Business 0 views No CommentPrint This Post Print This Post Email This Post Email This Post Philin Mojica

MILWAUKEE — The Directors of Johnson Controls, Inc. (NYSE: JCI) have authorized a regular quarterly cash dividend of $0.13 per common share. The dividend is payable October 4, 2010 to shareholders of record September 10, 2010.

Johnson Controls has paid consecutive dividends since 1887.

The company also announced the election of Brian Stief as a corporate officer. Stief joins Johnson Controls as Vice President, Corporate Controller, reporting to R. Bruce McDonald, Executive Vice President and Chief Financial Officer. His primary responsibilities will include global finance functions, financial planning and analysis, corporate taxation and other special projects. Stief will also become a member of the Global Leadership Council and will work closely with the Johnson Controls business units, providing support to those senior leadership teams on strategic initiatives, including merger and acquisition opportunities. He succeeds Susan M. Kreh, who was named vice president, finance for the Power Solutions business of the company in late 2009.

“We are delighted to have Brian join our senior leadership team. He brings strong strategic and financial leadership to Johnson Controls, with over 30 years of experience in working with large, multinational publicly-traded companies,” noted McDonald. “His extensive financial background and deep understanding of the industries in which we operate, are important additions to our leadership team.”

Prior to joining Johnson Controls, Stief was a partner with PricewaterhouseCoopers, where he joined in 1979 and was admitted to the partnership in 1989. During his career at PricewaterhouseCoopers, he primarily served the firm’s largest clients such as Caterpillar Inc., Johnson Controls and SABMiller and also held various office managing partner roles.

A graduate of the University of Iowa, Stief holds a bachelor’s of business administration in finance and accounting from the University of Iowa. Over the years, he has been an active member in the Milwaukee community, serving on the Board of Directors of the United Performing Arts Fund, the Junior Achievement Board of Directors, the U.S. Bank Championship Board of Directors, and the Greater Milwaukee Committee.

Johnson Controls is a global diversified technology and industrial leader serving customers in over 150 countries. Our 130,000 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.

Related posts:

  1. Johnson Controls Announces Completion of Debt Offering
  2. Johnson Controls Celebrates 125-Year Anniversary of Making Buildings More Energy-Efficient
  3. Johnson Controls Launches www.MakeYourBuildingsWork.com
  4. Johnson Controls Secures Global Facilities Management Win With GlaxoSmithKline
  5. Bristol-Myers Squibb Board Elects Charles Bancroft Chief Financial Officer

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Have your say!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>