Johnson Controls Announces Quarterly Dividend; Elects Brian Stief as Corporate Officer
MILWAUKEE, July 28 /PRNewswire/ -- The Directors of Johnson Controls, Inc. (NYSE: JCI) have authorized a regular quarterly cash dividend of $0.13 per common share. The dividend is payable October 4, 2010 to shareholders of record September 10, 2010.
Johnson Controls has paid consecutive dividends since 1887.
The company also announced the election of Brian Stief as a corporate officer. Stief joins Johnson Controls as Vice President, Corporate Controller, reporting to R. Bruce McDonald, Executive Vice President and Chief Financial Officer. His primary responsibilities will include global finance functions, financial planning and analysis, corporate taxation and other special projects. Stief will also become a member of the Global Leadership Council and will work closely with the Johnson Controls business units, providing support to those senior leadership teams on strategic initiatives, including merger and acquisition opportunities. He succeeds Susan M. Kreh, who was named vice president, finance for the Power Solutions business of the company in late 2009.
"We are delighted to have Brian join our senior leadership team. He brings strong strategic and financial leadership to Johnson Controls, with over 30 years of experience in working with large, multinational publicly-traded companies," noted McDonald. "His extensive financial background and deep understanding of the industries in which we operate, are important additions to our leadership team."
Prior to joining Johnson Controls, Stief was a partner with PricewaterhouseCoopers, where he joined in 1979 and was admitted to the partnership in 1989. During his career at PricewaterhouseCoopers, he primarily served the firm's largest clients such as Caterpillar Inc., Johnson Controls and SABMiller and also held various office managing partner roles.
A graduate of the University of Iowa, Stief holds a bachelor's of business administration in finance and accounting from the University of Iowa. Over the years, he has been an active member in the Milwaukee community, serving on the Board of Directors of the United Performing Arts Fund, the Junior Achievement Board of Directors, the U.S. Bank Championship Board of Directors, and the Greater Milwaukee Committee.
Johnson Controls is a global diversified technology and industrial leader serving customers in over 150 countries. Our 130,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful.
