Johnson Controls Announced That George R. Oliver Will Retire As CEO And Remain Chair Of The Board; The Company Will Initiate The CEO Succession Plan
Portfolio Pulse from Benzinga Newsdesk
Johnson Controls announced that George R. Oliver will retire as CEO and remain Chair of the Board. The company will initiate the CEO succession plan.
July 31, 2024 | 10:58 am
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Johnson Controls announced that CEO George R. Oliver will retire and remain Chair of the Board. The company will start the CEO succession plan.
The retirement of a CEO and initiation of a succession plan can create uncertainty in the short term. However, since Oliver will remain Chair of the Board, the transition may be smoother, leading to a neutral short-term impact on the stock price.
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