JCI and Tyco announce post-merger executive line-up
MILWAUKEE and CORK, Ireland—Johnson Controls and Tyco International, which announced plans to merge in January, today announced the post-merger executive line-up.
The deal is expected to close Oct. 1, 2016.
Seven corporate executive officers were named, and seven business leaders were announced.
Five of the seven corporate executive officers are JCI employees who currently hold the same role at JCI that they will at the combined company. Two of the corporate executive officers come from Tyco.
“As the market has speculated for some time now, most of the executive roles are going to JCI folks,” said Alper Cetingok, managing director of Raymond James.
“While the deal is structured as a merger for tax purposes, it really is Johnson Controls acquiring Tyco,” he said.
However, business leaders who will oversee fire or security-specific roles will go to Tyco people, Cetingok said. "That makes sense because one of the main reasons for the deal was to bring security expertise to Johnson Controls, which is seeking to become a world leader in delivering integrated building technologies," he said.
As was previously announced, Johnson Controls chairman and CEO Alex Molinaroli will serve as CEO of the combined company for the first 18 months, during which time Tyco CEO George Oliver will serve as president and COO. After 18 months, Oliver will take over as CEO.
Cetingok noted that Oliver came to Tyco from GE. “His background is well suited to take over the CEO role for a large industrial company like this,” Cetingok said.
Following are the seven corporate executive officers who will report to Molinaroli when the deal closes.
Grady Crosby will serve as vice president, public affairs & chief diversity officer–currently holds the same role with Johnson Controls
Simon Davis will serve as vice president & chief human resources officer–currently holds the same role with Johnson Controls
Kim Metcalf-Kupres will serve as vice president & chief marketing officer–currently holds the same role with Johnson Controls
Judy Reinsdorf will serve as executive vice president & general counsel–currently holds the same role with Tyco
John Repko will serve as vice president & chief information officer–currently chief information officer & enterprise transformation leader with Tyco
Brian Stief will serve as executive vice president & chief financial officer–currently holds the same role with Johnson Controls
Jeff Williams will serve as vice president, operations & engineering–currently holds the same role with Johnson Controls
Following is the list of business leaders who will report to Oliver upon completion of the merger. All of them currently hold the same role at either Tyco or JCI. Their current company is noted below.
Bill Jackson, executive vice president & president, Building Efficiency (JCI)
Trent Nevill, vice president & president, Asia Pacific (JCI)
Colleen Repplier, president, Fire Protection Products (Tyco)
Girish Rishi, executive vice president, North America Integrated Solutions & Services and Tyco Retail Solutions (Tyco)
Mike Ryan, president, Security Products and Life Safety Products (Tyco)
Johan Pfeiffer, executive vice president, Rest of World Integrated Solutions & Services (Tyco)
Joe Walicki, vice president & president, Power Solutions (Johnson Controls)
"We are pleased to reach this major milestone on our journey to bring two great companies together to create a global leader in building products and technology, integrated solutions and energy storage," Molinaroli said in a prepared statement.
"This team of talented executives will ensure the combined company continues to thrive, grow and create unique value for our customers and shareholders. We are looking forward to bringing our complementary capabilities together to turn the possibilities for smart buildings and urban environments into reality around the world."