Johnson Controls International Plc Chief Executive Officer Alex Molinaroli will walk away with at least $119 million when he steps down Sept. 1, about six months earlier than expected.
When the company first completed its purchase of Tyco International last year, Chief Operating Officer George Oliver, 57, had been expected to take the CEO job in early 2018. The succession was moved up because of the progress the two companies have made melding operations, Johnson Controls said in a statement Aug. 21.
The CEO’s exit hands Oliver the job of convincing investors that the maker of air systems, fire-safety ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.