Johnson Controls
Categories
#365
Rank
$53.4B
Marketcap
Ireland
Country
Warren Johnson (Founder)
Webster Roy Dunbar (Board Member)
Industrial Manufacturing
Summary
Johnson Controls operates in building efficiency, automotive experience, and power solutions businesses worldwide. Johnson Controls operates in building efficiency, automotive experience, and power solutions businesses worldwide. The company's building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems; and building management systems, controls, security, and mechanical equipment. It also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. This segment also offers residential air conditioning and heating systems. Its automotive experience business designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. This segment's products and systems include seating systems and components; cockpit systems, such as instrument panels and clusters, information displays, and body controllers; overhead systems, including headliners and electronic convenience features; floor consoles; and door systems. It also produces automotive interior systems for original equipment manufacturers. The company's power solutions business produces lead-acid automotive batteries serving automotive original equipment manufacturers and the general vehicle battery aftermarket. It produces lead-acid batteries, as well as offers absorbent glass mat, nickel-metal-hydride, and lithium-ion battery technologies to power hybrid vehicles.
History
1885: The company was founded in 1885 and is headquartered in Milwaukee, WI.“ In 1885, Warren Johnson inspired the future, launching an industry focused on energy efficiency and a company poised to explore new ideas and enter new fields. At Johnson Controls, we’ve been making buildings smarter since 1885, and our capabilities, depth of innovation experience, and global reach have been growing ever since. Johnson and a group of Milwaukee investors led by William Plankinton incorporated the Johnson Electric Service Company in 1885 to manufacture, install and service automatic temperature regulation systems for buildings.
1895: The company builds its first tower clock for the Minneapolis courthouse. The company purchases US$1.65 billion from woman- and minority-owned suppliers and is Walmart’s “Automotive Supplier of the Year.” The American Society of Mechanical Engineers names the 1895 temperature control system a “mechanical engineering landmark.”
1902: Company's name is changed to Johnson Service Company.
1911: Founded in 1911 as Globe Electric, the company had invented the thin-wall, high-strength polypropylene battery case, a universally recognized breakthrough in battery design.
1912: Following Johnson's death, Harry W. Ellis is elected president and sells all the firm's operations except for the controls business. Joseph Cutler, who started with Johnson Service Company as a sales engineer in 1912, becomes president.
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: The company was renamed Johnson Controls in 1974.
1978: To diversify, the company merges with Globe-Union Inc., the nation's largest maker of automotive batteries. In 1978, Johnson Controls acquired battery company Globe-Union.
1985: In 1985, Johnson Controls acquired automotive seating companies Hoover Universal and Ferro Manufacturing.
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.
2010: The Johnson Controls plant in Lakeshore, Ontario, closed in late March 2010 and the property was sold.
2013: In 2013, Stephen Roell retired and Alex Molinaroli took his position as CEO and chairman of the board.
2016: In January 2016, Johnson Controls merged with Tyco International to create a new company called Johnson Controls International plc. On 31 October 2016, the former Johnson Controls Automotive Experience division was spun off as a separate, publicly traded company, Adient, and began trading on the New York Stock Exchange.
2017: In March 2017, it was announced that Scott Safety, its safety gear business, would be bought by 3M for $2 billion. On 1 September 2017, George Oliver was appointed as Chairman and CEO, an acceleration by 6 months from the original plans.
2021: On 12 May 2021, Johnson Controls completed the acquisition of Silent-Aire. (Silent-Aire was a Canadian firm that specialized in data center cooling systems.
Mission
According to Johnson Controls, the company mission is: “committed to helping customers win and creating greater value for all of stakeholders through strategic focus on our buildings and energy growth platforms."
Vision
As stated in company website, Johnson Controls vision is: "a safe, comfortable and sustainable world."
Key Team
Webster Roy Dunbar (Board Member)
Alex Molinaroli (Board Member)
Alex Molinaroli (Board Member)
Antonella Franzen (VP/Chief IR & Communications Ofcr)
Brian Duperreault (Board Member)
Asif Junejo, CPA, CMA, CA, CIA, MBA (CFO of Security & Smart Home Products Business at Johnson Controls)
Brian J. Stief (Vice Chairman & Chief Financial Officer)
Brian Duperreault (Board Member)
David Abney (Board Member)
Brian J. Stief (Vice Chairman & Chief Financial Officer)
Gretchen R. Haggerty (Board Member)
Brian Young (Chief Commercial Officer)
Jean Stuart Blackwell (Board Member)
Daniela Di Marco (CFO Italy and South Africa)
Jeffrey Joerres (Board Member)
Warren Johnson (Founder)
John D. Young (Board Member)
Webster Roy Dunbar (Board Member)
George R. Oliver (Chairman & Chief Executive Officer)
Recognition and Awards
References
https://en.wikipedia.org/wiki/Johnson_Controls
https://www.zippia.com/johnson-controls-careers-28194/jobs/
https://www.crunchbase.com/organization/johnson-controls
https://www.companieshistory.com/johnson-controls/
https://sec.report/CIK/0001002910
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.reuters.com/markets/companies/JCI.N/
https://www.bloomberg.com/profile/company/1436513D:US
https://www.calcities.org/partner/Johnson-Controls-Inc-28666
https://finance.yahoo.com/quote/JCI/profile/
Warren Johnson (Founder)
Webster Roy Dunbar (Board Member)
Industrial Manufacturing