Johnson Controls, Inc. (NYSE: JCI) is a company, based in Milwaukee, Wisconsin, USA. It was founded in 1885 by professor Warren S. Johnson, inventor of the first electric room thermostat.
It is a Fortune 500 diversified, multi-industrial company with 142,000 employees in 1,300 locations across six continents.
Johnson Controls, Inc. (Johnson Controls), incorporated in 1885, provides automotive interiors. For buildings, the Company offers products and services that optimize energy use. It also provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise. Its building efficiency business is engaged in designing, producing, marketing and installing integrated heating, ventilating and air conditioning (HVAC) systems, building management systems, controls, security and mechanical equipment. In addition, the building efficiency business provides technical services, energy management consulting and operations of entire real estate portfolios for the non-residential buildings market. It also provides residential air conditioning and heating systems and industrial refrigeration products. Its power solutions business is a global supplier of lead-acid automotive batteries for every type of passenger car, light truck and utility vehicle. It serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. It offers absorbent glass mat (AGM) and lithium-ion battery technologies to power hybrid vehicles. In July 2010, the Company acquired an additional 40% of a power solutions Korean joint venture. In February 2011, the Company acquired C. Rob. Hammerstein Group. In May 2011, the Company sold its operation in commercial refrigeration to YIT Oyj.
Building efficiency
Building efficiency is engaged in delivering integrated control systems, mechanical equipment, services and solutions designed to improve the comfort, safety and energy efficiency of non-residential buildings and residential properties with operations in 59 countries. Revenues come from facilities management, technical services and the replacement and upgrade of HVAC controls and mechanical equipment in the existing buildings market, as well as with installing controls and equipment during the construction of new buildings. Building efficiency sells its control systems, mechanical equipment and services primarily through the Company’s global network of sales and service offices. Some building controls and mechanical systems are sold to distributors of air-conditioning, refrigeration and commercial heating systems throughout the world.
The Company’s systems include York chillers, industrial refrigeration products, air handlers and other HVAC mechanical equipment that provide heating and cooling in non-residential buildings. The Metasys control system monitors and integrates HVAC equipment with other critical buildings systems to maximize comfort while reducing energy and operating costs. The Company offers a range of solutions, such as performance contracting under, which guaranteed energy savings are used by the customer to fund project costs over a number of years. In addition, the global workplace solutions segment provides full-time onsite operations staff and real estate and energy consulting services to help customers, especially multi-national companies, reduce costs and improve the performance of their facility portfolios. Through its North America unitary products business, the Company produces air conditioning and heating equipment for the residential market.
The Company competes with Honeywell International, Inc., Siemens AG, United Technologies Corporation, Ingersoll-Rand Company Limited, Rheem Manufacturing Company, Lennox International, Inc. and Goodman Global, Inc.
Automotive experience
Automotive experience designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. The business produces automotive interior systems for OEMs and operates approximately 175 wholly and majority-owned manufacturing or assembly plants in 27 countries worldwide. In addition, the business has partially-owned affiliates in Asia, Europe, North America and South America. Automotive experience products and systems include complete seating systems and components; cockpit systems, including instrument panels and clusters, information displays and body controllers; overhead systems, including headliners and electronic convenience features; floor consoles; and door systems. The business operates assembly plants that supply automotive OEMs with complete seats on a just-in-time/in-sequence basis.
The Company competes with Lear Corporation, Faurecia SA and Magna International Inc.
Power solutions
Power solutions service both automotive OEMs and the battery aftermarket by providing advanced battery technology, coupled with systems engineering, marketing and service expertise. The Company is a producer of lead-acid automotive batteries in the world, producing approximately 120 million lead-acid batteries annually in approximately 55 wholly- and majority-owned manufacturing or assembly plants in 18 countries worldwide. Batteries and plastic battery containers are manufactured at wholly- and majority-owned plants in North America, South America, Asia and Europe.
The Company competes with Advance Auto Parts, AutoZone, Robert Bosch GmbH, Costco, NAPA, O’Reilly/CSK, Interstate Battery System of America, Pep Boys, Sears, Roebuck & Co., Wal-Mart stores, Exide Technologies, GS Yuasa Corporation, East Penn Manufacturing Company and Fiamm Group.
Principal Subsidiaries: Beijing Johnson Controls Co. Ltd. (China); Borg Instruments AG (Germany); Brookfield LePage Johnson Controls Facility Management Services, Ltd. (Canada); Building Services S.r.l. (Italy); Cointer S.r.l. (Italy); Comerit S.r.l. (Italy); Commerl S.r.l. (Italy); Controles Reynosa SA de CV (Mexico); Cybertron Systems Pty. Ltd. (South Africa); Ensamble de Interiores Automotrices, S. de R.L. de C.V. (Mexico); Hoover Universal, Inc.; Hyperion Corp.; Ikeda IOM Holdings (Malaysia); Intertec Systems, LLC; JCI Regelungstechnik GmbH (Germany); Johnson Control SpA (Italy); Johnson Controls & Summit Interiors Ltd. (Thailand); Johnson Controls (India) Private Limited (India); Johnson Controls (M) Sdn Bhd (Malaysia); Johnson Controls (S) Pte. Ltd. (Singapore); Johnson Controls (UK) Ltd.; Johnson Controls Alagon, S.A. (Spain); Johnson Controls Australia Pty. Ltd.; Johnson Controls Austria GmbH; Johnson Controls Automation Systems BV (Netherlands); Johnson Controls Automobilove Soucastky s.r.o. (Czech Republic); Johnson Controls Automotive (Belgium) NV; Johnson Controls Automotive (Pty) Ltd. (South Africa); Johnson Controls Automotive (UK) Ltd.; Johnson Controls Automotive Electronics SA (France); Johnson Controls Automotive France S.A.S.; Johnson Controls Automotive Mexico SA de CV; Johnson Controls Automotive NV (Belgium); Johnson Controls Automotive S.r.l. (Italy); Johnson Controls Automotive SA (France); Johnson Controls Automotive Spain S.A.; Johnson Controls Automotive Systems KK (Japan); Johnson Controls Automotive Systems SRL (Argentina); Johnson Controls Batterien GmbH & Co. KG (Germany); Johnson Controls Batterien Verwaltungsgesellschaft mbH (Germany); Johnson Controls Batteries (UK) Ltd.; Johnson Controls Batteries France SAS; Johnson Controls Battery Group, Inc.; Johnson Controls Battery Sweden Kommanditbolag (Sweden); Johnson Controls de Mexico SA de CV; Johnson Controls do Brasil Automotive Ltda. (Brazil); Johnson Controls Espana S.L. (Spain); Johnson Controls Eurosit SL (Spain); Johnson Controls France S.A.; Johnson Controls GmbH (Germany); Johnson Controls GmbH & Co. KG (Germany); Johnson Controls Headliner GmbH (Germany); Johnson Controls Holding Company, Inc.; Johnson Controls Holding SAS (France); Johnson Controls Hong Kong Ltd.; Johnson Controls IFM Phils Corp (Philippines); Johnson Controls II Assentos de Espuma, S.A. (Portugal); Johnson Controls Integrated Facility Management BV (Netherlands); Johnson Controls Interiors GmbH & Co. KG (Germany); Johnson Controls Interiors LLC; Johnson Controls International spol s.r.o. (Czech Republic); Johnson Controls International spol s.r.o. (Slovakia); Johnson Controls Investment Company, Inc.; Johnson Controls Investments (U.K.) Ltd.; Johnson Controls KK (Japan); Johnson Controls Ltd. (Canada); Johnson Controls Martorell, S.A. (Spain); Johnson Controls Nederland BV (Netherlands); Johnson Controls Norden AS (Norway); Johnson Controls Objekt Bochum GmbH & Co. KG (Germany); Johnson Controls Objekt Zwickau GmbH & Co. KG (Germany); Johnson Controls PanAmerica LLC; Johnson Controls Roth Frères Insitu Technologie GmbH & Co. KG (Germany); Johnson Controls Roth SAS (France); Johnson Controls SA/NV (Belgium); Johnson Controls Sachsen-Batterien Beteiligungs GmbH (Germany); Johnson Controls Sachsen-Batterien GmbH & Co. KG (Germany); Johnson Controls SRL (Italy); Johnson Controls Sweden AB; Johnson Controls Systems A.G. (Switzerland); Johnson Controls Technology Company; Johnson Controls Valladolid SAU (Spain); Johnson Controls World Services Inc.; MC International SA (France); Optima Batteries AB (Sweden); Optima Batteries, Inc.; Sicar BV (Netherlands); Sistemas Automotrice Summa SA de CV (Mexico); TechnoTrim, Inc.; Trim Masters Inc.; VARTA Automotive GmbH (Germany); VB Autobatterie GmbH (Germany; 80%).
Principal Operating Units: Automotive Systems Group; Controls Group.
Principal Competitors: Lear Corporation; Delphi Corporation; Faurecia SA; Intier Automotive Inc.; Visteon Corporation; Honeywell International Inc.; Siemens AG; Exide Technologies; East Penn Manufacturing Company, Inc.
OVERALL
Beta: 1.81
Market Cap (Mil.): $26,961.57
Shares Outstanding (Mil.): 678.45
Annual Dividend: 0.64
Yield (%): 1.61
FINANCIALS
JCI Industry Sector
P/E (TTM): 17.04 10.99 12.60
EPS (TTM): 38.78 -- --
ROI: 10.28 2.71 1.12
ROE: 15.68 3.36 1.87
Statistics:
Public Company
Incorporated: 1885 as Johnson Electric Service Company
Employees: 113,000
Sales: $22.65 billion (2003)
Stock Exchanges: New York
Ticker Symbol: JCI
NAIC: 335911 Storage Battery Manufacturing; 336322 Other Motor Vehicle Electrical and Electronic Equipment Manufacturing; 336360 Motor Vehicle Seating and Interior Trim Manufacturing; 336399 All Other Motor Vehicle Parts Manufacturing; 333415 Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing; 334290 Other Communications Equipment Manufacturing; 334512 Automatic Environmental Control Manufacturing for Regulating Residential, Commercial, and Appliance Use; 334513 Instruments and Related Product Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables; 334519 Other Measuring and Controlling Device Manufacturing; 335314 Relay and Industrial Control Manufacturing; 561210 Facilities Support Services
Company Perspectives:
Johnson Controls has expanded remarkably since Professor Warren Johnson founded the company to manufacture his invention, the electric room thermostat. Since its start in 1885, Johnson Controls has grown into a multi-billion dollar corporation, with worldwide leadership in two businesses: automotive systems and building controls.
Fundamental to this success is the Johnson Controls mission to continually exceed customers' increasing expectations. We focus on innovation and commit to continuous improvements in quality, service, productivity and time compression. We believe that if we go beyond what customers expect, customers will return again and again, asking Johnson Controls to further contribute to their success. That's why, in both of its businesses, Johnson Controls is doing more for its customers than it did just a few years ago.
Key Dates:
1883: Professor Warren Johnson invents an electric thermostat system--the first room thermostat.
1885: Johnson forms Johnson Electric Service Company, based in Milwaukee, Wisconsin.
1895: The company builds its first tower clock for the Minneapolis courthouse.
1902: Company's name is changed to Johnson Service Company.
1912: Following Johnson's death, Harry W. Ellis is elected president and sells all the firm's operations except for the controls business.
1940: Johnson Service goes public with an over-the-counter listing on the NASDAQ system.
1956: Company begins building and installing pneumatic control centers.
1964: First foreign manufacturing plant is built in Italy.
1972: Johnson introduces the JC/80, the first minicomputer system that manages building controls.
1974: Company changes its name to Johnson Controls, Inc.
1978: To diversify, the company merges with Globe-Union Inc., the nation's largest maker of automotive batteries.
1985: Johnson Controls completes two major acquisitions: Hoover Universal, Inc., a major supplier of seating and plastic parts for automobiles and a new entrant in the plastic-container industry; and Ferro Manufacturing Corporation, supplier of automotive seating components and mechanisms.
1989: Pan Am World Services, Inc., provider of facility management services for military bases, airports, and space centers, is acquired.
1990: Metasys facility management system is introduced.
1995: Johnson acquires Roth Frères SA, a French supplier of automotive seating and interior systems.
1996: Company pays $1.3 billion for Holland, Michigan-based Prince Automotive, supplier of automotive interior systems and components.
1997: Plastic container division is sold to a unit of Viag Group AG for about $650 million.
1998: Johnson acquires Becker Group, Inc., a supplier of interior systems in both North America and Europe.
2001: France-based automotive electronics supplier Sagem SA is acquired.
2002: Johnson purchases the automotive battery business of Germany's Varta AG.
Name Age Since Current Position
Roell, Stephen 60 2009 Chairman of the Board, President, Chief Executive Officer
McDonald, R. Bruce 50 2010 Chief Financial Officer, Executive Vice President
Davis, Susan 57 2006 Executive Vice President - Human Resources
Augustin, Jeffrey 48 2007 Vice President - Finance for the Building Efficiency Business
Kreh, Susan 48 2009 Vice President - Finance for Power Solutions Business
Stief, Brian 54 2010 Vice President, Principal Accounting Officer, Corporate Controller
Boyd, Colin 51 2008 Vice President - Information Technology, Chief Information Officer
Okarma, Jerome 58 2004 Vice President, General Counsel, Secretary
Voltolina, Frank 50 2003 Corporate Vice President, Corporate Treasurer
Edwards, Jeffrey 48 2004 Group Vice President and General Manager, Japan and Asia Pacific - Automotive Experience Business
Molinaroli, Alex 51 2007 Corporate Vice President, President - Power Solutions Business
Harvey, Charles 58 2005 Corporate Vice President - Diversity and Public Affairs
Bolzenius, Beda 54 2006 Corporate Vice President, President - Automotive Experience Business
Myers, C. David 47 2005 Corporate Vice President, President - Building Efficiency Business
Strayer, Jacqueline 56 2008 Vice President - Corporate Communication
Cornog, Robert 70 2010 Lead Independent Director
Barnett, Robert 70 1986 Independent Director
Lacy, William 66 1997 Independent Director
Black, Natalie 60 1998 Independent Director
Joerres, Jeffrey 51 2001 Independent Director
Archer, Dennis 69 2002 Independent Director
Clariond Reyes-Retana, Eugenio Santiago 67 2005 Independent Director
Goodman, Richard 62 2008 Independent Director
Abney, David 55 2009 Independent Director
Address:
5757 North Green Bay Avenue
Post Office Box 591
Milwaukee, Wisconsin 53201-0591
U.S.A.
It is a Fortune 500 diversified, multi-industrial company with 142,000 employees in 1,300 locations across six continents.
Johnson Controls, Inc. (Johnson Controls), incorporated in 1885, provides automotive interiors. For buildings, the Company offers products and services that optimize energy use. It also provides batteries for automobiles and hybrid electric vehicles, along with related systems engineering, marketing and service expertise. Its building efficiency business is engaged in designing, producing, marketing and installing integrated heating, ventilating and air conditioning (HVAC) systems, building management systems, controls, security and mechanical equipment. In addition, the building efficiency business provides technical services, energy management consulting and operations of entire real estate portfolios for the non-residential buildings market. It also provides residential air conditioning and heating systems and industrial refrigeration products. Its power solutions business is a global supplier of lead-acid automotive batteries for every type of passenger car, light truck and utility vehicle. It serves both automotive original equipment manufacturers (OEMs) and the general vehicle battery aftermarket. It offers absorbent glass mat (AGM) and lithium-ion battery technologies to power hybrid vehicles. In July 2010, the Company acquired an additional 40% of a power solutions Korean joint venture. In February 2011, the Company acquired C. Rob. Hammerstein Group. In May 2011, the Company sold its operation in commercial refrigeration to YIT Oyj.
Building efficiency
Building efficiency is engaged in delivering integrated control systems, mechanical equipment, services and solutions designed to improve the comfort, safety and energy efficiency of non-residential buildings and residential properties with operations in 59 countries. Revenues come from facilities management, technical services and the replacement and upgrade of HVAC controls and mechanical equipment in the existing buildings market, as well as with installing controls and equipment during the construction of new buildings. Building efficiency sells its control systems, mechanical equipment and services primarily through the Company’s global network of sales and service offices. Some building controls and mechanical systems are sold to distributors of air-conditioning, refrigeration and commercial heating systems throughout the world.
The Company’s systems include York chillers, industrial refrigeration products, air handlers and other HVAC mechanical equipment that provide heating and cooling in non-residential buildings. The Metasys control system monitors and integrates HVAC equipment with other critical buildings systems to maximize comfort while reducing energy and operating costs. The Company offers a range of solutions, such as performance contracting under, which guaranteed energy savings are used by the customer to fund project costs over a number of years. In addition, the global workplace solutions segment provides full-time onsite operations staff and real estate and energy consulting services to help customers, especially multi-national companies, reduce costs and improve the performance of their facility portfolios. Through its North America unitary products business, the Company produces air conditioning and heating equipment for the residential market.
The Company competes with Honeywell International, Inc., Siemens AG, United Technologies Corporation, Ingersoll-Rand Company Limited, Rheem Manufacturing Company, Lennox International, Inc. and Goodman Global, Inc.
Automotive experience
Automotive experience designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks and sport/crossover utility vehicles. The business produces automotive interior systems for OEMs and operates approximately 175 wholly and majority-owned manufacturing or assembly plants in 27 countries worldwide. In addition, the business has partially-owned affiliates in Asia, Europe, North America and South America. Automotive experience products and systems include complete seating systems and components; cockpit systems, including instrument panels and clusters, information displays and body controllers; overhead systems, including headliners and electronic convenience features; floor consoles; and door systems. The business operates assembly plants that supply automotive OEMs with complete seats on a just-in-time/in-sequence basis.
The Company competes with Lear Corporation, Faurecia SA and Magna International Inc.
Power solutions
Power solutions service both automotive OEMs and the battery aftermarket by providing advanced battery technology, coupled with systems engineering, marketing and service expertise. The Company is a producer of lead-acid automotive batteries in the world, producing approximately 120 million lead-acid batteries annually in approximately 55 wholly- and majority-owned manufacturing or assembly plants in 18 countries worldwide. Batteries and plastic battery containers are manufactured at wholly- and majority-owned plants in North America, South America, Asia and Europe.
The Company competes with Advance Auto Parts, AutoZone, Robert Bosch GmbH, Costco, NAPA, O’Reilly/CSK, Interstate Battery System of America, Pep Boys, Sears, Roebuck & Co., Wal-Mart stores, Exide Technologies, GS Yuasa Corporation, East Penn Manufacturing Company and Fiamm Group.
Principal Subsidiaries: Beijing Johnson Controls Co. Ltd. (China); Borg Instruments AG (Germany); Brookfield LePage Johnson Controls Facility Management Services, Ltd. (Canada); Building Services S.r.l. (Italy); Cointer S.r.l. (Italy); Comerit S.r.l. (Italy); Commerl S.r.l. (Italy); Controles Reynosa SA de CV (Mexico); Cybertron Systems Pty. Ltd. (South Africa); Ensamble de Interiores Automotrices, S. de R.L. de C.V. (Mexico); Hoover Universal, Inc.; Hyperion Corp.; Ikeda IOM Holdings (Malaysia); Intertec Systems, LLC; JCI Regelungstechnik GmbH (Germany); Johnson Control SpA (Italy); Johnson Controls & Summit Interiors Ltd. (Thailand); Johnson Controls (India) Private Limited (India); Johnson Controls (M) Sdn Bhd (Malaysia); Johnson Controls (S) Pte. Ltd. (Singapore); Johnson Controls (UK) Ltd.; Johnson Controls Alagon, S.A. (Spain); Johnson Controls Australia Pty. Ltd.; Johnson Controls Austria GmbH; Johnson Controls Automation Systems BV (Netherlands); Johnson Controls Automobilove Soucastky s.r.o. (Czech Republic); Johnson Controls Automotive (Belgium) NV; Johnson Controls Automotive (Pty) Ltd. (South Africa); Johnson Controls Automotive (UK) Ltd.; Johnson Controls Automotive Electronics SA (France); Johnson Controls Automotive France S.A.S.; Johnson Controls Automotive Mexico SA de CV; Johnson Controls Automotive NV (Belgium); Johnson Controls Automotive S.r.l. (Italy); Johnson Controls Automotive SA (France); Johnson Controls Automotive Spain S.A.; Johnson Controls Automotive Systems KK (Japan); Johnson Controls Automotive Systems SRL (Argentina); Johnson Controls Batterien GmbH & Co. KG (Germany); Johnson Controls Batterien Verwaltungsgesellschaft mbH (Germany); Johnson Controls Batteries (UK) Ltd.; Johnson Controls Batteries France SAS; Johnson Controls Battery Group, Inc.; Johnson Controls Battery Sweden Kommanditbolag (Sweden); Johnson Controls de Mexico SA de CV; Johnson Controls do Brasil Automotive Ltda. (Brazil); Johnson Controls Espana S.L. (Spain); Johnson Controls Eurosit SL (Spain); Johnson Controls France S.A.; Johnson Controls GmbH (Germany); Johnson Controls GmbH & Co. KG (Germany); Johnson Controls Headliner GmbH (Germany); Johnson Controls Holding Company, Inc.; Johnson Controls Holding SAS (France); Johnson Controls Hong Kong Ltd.; Johnson Controls IFM Phils Corp (Philippines); Johnson Controls II Assentos de Espuma, S.A. (Portugal); Johnson Controls Integrated Facility Management BV (Netherlands); Johnson Controls Interiors GmbH & Co. KG (Germany); Johnson Controls Interiors LLC; Johnson Controls International spol s.r.o. (Czech Republic); Johnson Controls International spol s.r.o. (Slovakia); Johnson Controls Investment Company, Inc.; Johnson Controls Investments (U.K.) Ltd.; Johnson Controls KK (Japan); Johnson Controls Ltd. (Canada); Johnson Controls Martorell, S.A. (Spain); Johnson Controls Nederland BV (Netherlands); Johnson Controls Norden AS (Norway); Johnson Controls Objekt Bochum GmbH & Co. KG (Germany); Johnson Controls Objekt Zwickau GmbH & Co. KG (Germany); Johnson Controls PanAmerica LLC; Johnson Controls Roth Frères Insitu Technologie GmbH & Co. KG (Germany); Johnson Controls Roth SAS (France); Johnson Controls SA/NV (Belgium); Johnson Controls Sachsen-Batterien Beteiligungs GmbH (Germany); Johnson Controls Sachsen-Batterien GmbH & Co. KG (Germany); Johnson Controls SRL (Italy); Johnson Controls Sweden AB; Johnson Controls Systems A.G. (Switzerland); Johnson Controls Technology Company; Johnson Controls Valladolid SAU (Spain); Johnson Controls World Services Inc.; MC International SA (France); Optima Batteries AB (Sweden); Optima Batteries, Inc.; Sicar BV (Netherlands); Sistemas Automotrice Summa SA de CV (Mexico); TechnoTrim, Inc.; Trim Masters Inc.; VARTA Automotive GmbH (Germany); VB Autobatterie GmbH (Germany; 80%).
Principal Operating Units: Automotive Systems Group; Controls Group.
Principal Competitors: Lear Corporation; Delphi Corporation; Faurecia SA; Intier Automotive Inc.; Visteon Corporation; Honeywell International Inc.; Siemens AG; Exide Technologies; East Penn Manufacturing Company, Inc.
OVERALL
Beta: 1.81
Market Cap (Mil.): $26,961.57
Shares Outstanding (Mil.): 678.45
Annual Dividend: 0.64
Yield (%): 1.61
FINANCIALS
JCI Industry Sector
P/E (TTM): 17.04 10.99 12.60
EPS (TTM): 38.78 -- --
ROI: 10.28 2.71 1.12
ROE: 15.68 3.36 1.87
Statistics:
Public Company
Incorporated: 1885 as Johnson Electric Service Company
Employees: 113,000
Sales: $22.65 billion (2003)
Stock Exchanges: New York
Ticker Symbol: JCI
NAIC: 335911 Storage Battery Manufacturing; 336322 Other Motor Vehicle Electrical and Electronic Equipment Manufacturing; 336360 Motor Vehicle Seating and Interior Trim Manufacturing; 336399 All Other Motor Vehicle Parts Manufacturing; 333415 Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing; 334290 Other Communications Equipment Manufacturing; 334512 Automatic Environmental Control Manufacturing for Regulating Residential, Commercial, and Appliance Use; 334513 Instruments and Related Product Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables; 334519 Other Measuring and Controlling Device Manufacturing; 335314 Relay and Industrial Control Manufacturing; 561210 Facilities Support Services
Company Perspectives:
Johnson Controls has expanded remarkably since Professor Warren Johnson founded the company to manufacture his invention, the electric room thermostat. Since its start in 1885, Johnson Controls has grown into a multi-billion dollar corporation, with worldwide leadership in two businesses: automotive systems and building controls.
Fundamental to this success is the Johnson Controls mission to continually exceed customers' increasing expectations. We focus on innovation and commit to continuous improvements in quality, service, productivity and time compression. We believe that if we go beyond what customers expect, customers will return again and again, asking Johnson Controls to further contribute to their success. That's why, in both of its businesses, Johnson Controls is doing more for its customers than it did just a few years ago.
Key Dates:
1883: Professor Warren Johnson invents an electric thermostat system--the first room thermostat.
1885: Johnson forms Johnson Electric Service Company, based in Milwaukee, Wisconsin.
1895: The company builds its first tower clock for the Minneapolis courthouse.
1902: Company's name is changed to Johnson Service Company.
1912: Following Johnson's death, Harry W. Ellis is elected president and sells all the firm's operations except for the controls business.
1940: Johnson Service goes public with an over-the-counter listing on the NASDAQ system.
1956: Company begins building and installing pneumatic control centers.
1964: First foreign manufacturing plant is built in Italy.
1972: Johnson introduces the JC/80, the first minicomputer system that manages building controls.
1974: Company changes its name to Johnson Controls, Inc.
1978: To diversify, the company merges with Globe-Union Inc., the nation's largest maker of automotive batteries.
1985: Johnson Controls completes two major acquisitions: Hoover Universal, Inc., a major supplier of seating and plastic parts for automobiles and a new entrant in the plastic-container industry; and Ferro Manufacturing Corporation, supplier of automotive seating components and mechanisms.
1989: Pan Am World Services, Inc., provider of facility management services for military bases, airports, and space centers, is acquired.
1990: Metasys facility management system is introduced.
1995: Johnson acquires Roth Frères SA, a French supplier of automotive seating and interior systems.
1996: Company pays $1.3 billion for Holland, Michigan-based Prince Automotive, supplier of automotive interior systems and components.
1997: Plastic container division is sold to a unit of Viag Group AG for about $650 million.
1998: Johnson acquires Becker Group, Inc., a supplier of interior systems in both North America and Europe.
2001: France-based automotive electronics supplier Sagem SA is acquired.
2002: Johnson purchases the automotive battery business of Germany's Varta AG.
Name Age Since Current Position
Roell, Stephen 60 2009 Chairman of the Board, President, Chief Executive Officer
McDonald, R. Bruce 50 2010 Chief Financial Officer, Executive Vice President
Davis, Susan 57 2006 Executive Vice President - Human Resources
Augustin, Jeffrey 48 2007 Vice President - Finance for the Building Efficiency Business
Kreh, Susan 48 2009 Vice President - Finance for Power Solutions Business
Stief, Brian 54 2010 Vice President, Principal Accounting Officer, Corporate Controller
Boyd, Colin 51 2008 Vice President - Information Technology, Chief Information Officer
Okarma, Jerome 58 2004 Vice President, General Counsel, Secretary
Voltolina, Frank 50 2003 Corporate Vice President, Corporate Treasurer
Edwards, Jeffrey 48 2004 Group Vice President and General Manager, Japan and Asia Pacific - Automotive Experience Business
Molinaroli, Alex 51 2007 Corporate Vice President, President - Power Solutions Business
Harvey, Charles 58 2005 Corporate Vice President - Diversity and Public Affairs
Bolzenius, Beda 54 2006 Corporate Vice President, President - Automotive Experience Business
Myers, C. David 47 2005 Corporate Vice President, President - Building Efficiency Business
Strayer, Jacqueline 56 2008 Vice President - Corporate Communication
Cornog, Robert 70 2010 Lead Independent Director
Barnett, Robert 70 1986 Independent Director
Lacy, William 66 1997 Independent Director
Black, Natalie 60 1998 Independent Director
Joerres, Jeffrey 51 2001 Independent Director
Archer, Dennis 69 2002 Independent Director
Clariond Reyes-Retana, Eugenio Santiago 67 2005 Independent Director
Goodman, Richard 62 2008 Independent Director
Abney, David 55 2009 Independent Director
Address:
5757 North Green Bay Avenue
Post Office Box 591
Milwaukee, Wisconsin 53201-0591
U.S.A.