8-K
filed February 5, 2025, 6:59 PM ET
ticker JCI
CIK 0000833444
leadership
confidence high
sentiment neutral
materiality 0.75
Joakim Weidemanis to succeed George Oliver as JCI CEO on March 12, 2025
Johnson Controls International plc
- Weidemanis, former Danaher EVP, becomes CEO on March 12, 2025 after AGM; Oliver retires as CEO.
- Oliver continues as Chairman through July 31, 2025, then advisor through Dec 2025 at $75k/month.
- Weidemanis receives $1.5M base salary, $10M FY2025 LTI grant, and $5M one-time equity grant.
- CFO Marc Vandiepenbeeck gets $5M retention RSU award, cliff vesting on 5th anniversary (March 2030).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
George Oliver retired as Chairman of the Board of Directors at Johnson Controls International plc.
- Action
- retired
- Role
- Chairman of the Board of Directors
Exact text from the filing
Mr. Oliver will continue to serve as the Chairman of the Board of Directors of the Company until July 31, 2025, and will retire from the Board of Directors on that date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Vergnano was appointed as Independent Chairman of the Board of Directors at Johnson Controls International plc.
- Action
- appointed
- Role
- Independent Chairman of the Board of Directors
Exact text from the filing
Following Mr. Oliver’s retirement from the Board of Directors, Mark Vergnano will serve as the independent Chairman of the Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joakim Weidemanis was appointed as Chief Executive Officer at Johnson Controls International plc.
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
announced that Joakim Weidemanis, 55, will join the Company and succeed George Oliver as the Company’s Chief Executive Officer and principal executive officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joakim Weidemanis was appointed as Member of the Board of Directors at Johnson Controls International plc.
- Action
- appointed
- Role
- Member of the Board of Directors
Exact text from the filing
The Company expects that Mr. Weidemanis will be appointed as a member of the Board of Directors following his succession to the role of Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
George Oliver retired as Chief Executive Officer at Johnson Controls International plc.
- Action
- retired
- Role
- Chief Executive Officer
Exact text from the filing
announced that Joakim Weidemanis, 55, will join the Company and succeed George Oliver as the Company’s Chief Executive Officer and principal executive officer.
View on SEC.gov
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