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The complaint also asserted that Johnson Controls, Inc., the Company and the Company’s merger subsidiary aided and abetted the individual defendants in their breach of fiduciary duties and unjust enrichment.
−Removed: The complaint seeks, among other things,
−Removed: disgorgement of profits and damages.
+Added: The complaint seeks, among other things, disgorgement of profits and damages.
On September 30, 2016, approximately one month after the closing of the merger, plaintiffs filed a preliminary injunction motion seeking, among other items, to compel Johnson Controls, Inc.
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Plaintiffs appealed to the United States Court of Appeals for the Seventh Circuit.
−Removed: Briefing and oral argument has been completed.
−Removed: The court has yet to issue a ruling.
+Added: On November 6, 2023, the Seventh Circuit affirmed the decision of the district court.
Refer to Note 21, "Commitments and Contingencies," of the notes to consolidated financial statements for discussion of environmental, asbestos, insurable liabilities and other litigation matters, which is incorporated by reference herein and is considered an integral part of Part I, Item 3, "Legal Proceedings."
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EXECUTIVE OFFICERS OF THE REGISTRANT
−Removed: Pursuant to General Instruction G(3) of Form 10-K, the following list of executive officers of the Company as of November 15, 2022 is included as an unnumbered Item in Part I of this report in lieu of being included in the Company’s Proxy Statement relating to the annual general meeting of shareholders to be held on March 8, 2023.
−Removed: Tomas Brannemo , 51, has served as Vice President and President, Building Solutions, Europe, Middle East, Africa and Latin America since September 2019.
−Removed: He previously served as Senior Vice President and President, Water Infrastructure and Europe Commercial Team of Xylem Inc., a leading global water technology company.
−Removed: At Xylem, he also served as Senior Vice President and President, Transport and Treatment, from 2017 to 2019 and other roles from 2010 to 2017.
−Removed: Between 2006 and 2010, he held various marketing, sales and engineering positions at Volvo Construction Company.
−Removed: Rodney Clark , 53, has served as the Company’s Chief Commercial Officer since June 2022.
−Removed: Prior to joining Johnson Controls, Mr.
−Removed: Clark served in various management roles at Microsoft Corporation, a global technology company, including as Corporate Vice President, Global Channel Sales and Channel Chief, from March 2021 to May 2022, Corporate Vice President, IoT and Mixed Reality Sales, from August 2020 to March 2021, Vice President, IoT and Mixed Reality Sales, from 2017 to August 2020, General Manager, IoT from 2013 to 2017 and other positions of increasing responsibility from 1998 through 2013.
−Removed: Clark also serves as a director on the board of Entegris, Inc., a supplier of advanced materials and process solutions for the semiconductor and other high-technology industries.
+Added: Pursuant to General Instruction G(3) of Form 10-K, the following list of executive officers of the Company as of December 14, 2023 is included as an unnumbered Item in Part I of this report in lieu of being included in the Company’s Proxy Statement relating to the annual general meeting of shareholders to be held on March 13, 2024.
+Added: Julie Brandt, 49, has served as Vice President and President, Building Solutions, North America since April 2023.
+Added: Prior to joining Johnson Controls, Ms.
+Added: Brandt served as Executive Vice President and General Manager, North America Western Region at Otis Worldwide Corp, an elevator and escalator manufacturing, installation and service company, from September 2020 until April 2023.
+Added: While at Otis, Ms.
+Added: Brandt also served in roles of increasing responsibility from 2000 until 2020, including Executive Vice President and Chief Transformation Officer, from January 2019 until August 2020 and as Managing Director, Hong Kong, Macau and Taiwan, from January 2016 until December 2018.
John Donofrio, 62, has served as Executive Vice President and General Counsel of the Company since November 2017.
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Donofrio has been a Director of FARO Technologies, Inc., a designer, developer, manufacturer and marketer of software driven, 3D measurement, imaging and realization systems, since 2008.
−Removed: Ellis , 66, has served as Executive Vice President and Chief Customer & Digital Officer since October 2019.
−Removed: From May 2018 to October 2019, he served as a Managing Director at Accenture, a global provider of professional services in strategy, consulting, digital, technology and operations.
−Removed: He previously served as Chairman and CEO of ForgeRock, a global digital security software company, from 2012 to 2018.
−Removed: Prior to joining ForgeRock, from 2008 to 2012, he held various senior executive roles at SAP SE, a global provider of enterprise software solutions.
−Removed: Previously, he also served as Chief Executive Officer of Univa, a leading innovator in enterprise-grade workload management and optimization solutions, and as Senior Vice President Business Development at i2 Technologies, a provider of supply chain solutions.
−Removed: Ellis also served as a director on the board of CBRE Acquisition Holdings Inc.
−Removed: from 2021 to 2022.
Olivier Leonetti, 59, has served as Chief Financial Officer since November 2020.
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Leonetti also serves as a director on the board of Eaton Corporation plc, a provider of power management technologies and services.
−Removed: Nathan Manning , 46, has served as Vice President and President, Building Solutions, North America since October 2020.
−Removed: He previously served as Vice President and General Manager, Field Operations, from March 2020 to October 2020 and Vice President and General Manager, HVAC and Controls Building Solutions North America, from January 2019 to March 2020.
+Added: Nathan Manning , 47, has served as Vice President and Chief Operations Officer, Global Field Operations, since December 2022.
+Added: He previously served as Vice President and President, Building Solutions, North America from October 2020 until March 2023.
+Added: He also served as Vice President and General Manager, Field Operations, from March 2020 to October 2020 and Vice President and General Manager, HVAC and Controls Building Solutions North America, from January 2019 to March 2020.
Prior to joining Johnson Controls, he served in various roles at General Electric, a diversified industrial and technology company, where he held the position of General Manager, Operational Excellence for General Electric’s GE Power segment from August 2017 until December 2018 and the position of General Manager, Services of GE Energy Connections, a division of GE Power, from November 2015 until August 2017.
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He joined Tyco in July 2006, and served as President of a number of operating segments from 2007 through 2011.
−Removed: Before joining Tyco, he served in operational leadership roles of increasing responsibility at several General Electric divisions.
+Added: Before joining Tyco, he served in operational leadership roles of increasing responsibility at several General
+Added: Electric divisions.
Oliver also serves as a director on the board of Raytheon Technologies, an aerospace and defense company.
−Removed: Ganesh Ramaswamy, 54 , has served as Vice President and President, Global Services for Johnson Controls since December 2019.
−Removed: From 2015 to 2019, Mr.
−Removed: Ramaswamy served in various executive leadership roles at Danaher Corporation, a diversified manufacturer of life sciences, diagnostics, and industrial products and services, including Senior Vice President, High Growth markets—Beckman Coulter, President, Videojet Technologies, and, most recently, as Danaher Vice President & Group Executive, Marking & Coding.
−Removed: From 2011 to 2015, Mr.
−Removed: Ramaswamy served in various executive roles at Pentax Medical, a provider of endoscopic imaging devices and solutions, including as President of Pentax Medical from 2013 to 2015.
−Removed: Earlier in his career, Mr.
−Removed: Ramaswamy served in various roles of increasing responsibility with the General Electric Company across product development, service operations, and general management.
−Removed: Ramaswamy also serves as a director on the board of PACCAR, a global manufacturer of heavy-duty and medium-duty trucks.
Anu Rathninde , 53, has served as Vice President and President, Building Solutions, Asia Pacific since May 2022.
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Rathninde held progressive leadership positions at Aptiv in general management, engineering, business development, strategy and business planning.
−Removed: Lei Zhang Schlitz , 56, was appointed Vice President and President, Global Products, in November 2022.
+Added: Lei Zhang Schlitz , 57, has served as Vice President and President, Global Products, since November 2022.
Prior to joining Johnson Controls, Ms.
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Schlitz serves on the Board of Directors for Archer Daniels Midland Company, a leader in human and animal nutrition and agricultural origination and processing.
−Removed: Marlon Sullivan, 48, became Executive Vice President and Chief Human Resources Officer in September 2021.
+Added: Marlon Sullivan, 50 , has served as Executive Vice President and Chief Human Resources Officer since September 2021.
Prior to joining Johnson Controls, he served as the Senior Vice President of Human Resources at Delta Airlines from January 2021 to September 2021.
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Sullivan held a variety of human resources roles at The Home Depot.
+Added: Marc Vandiepenbeeck, 45, has served as Vice President and President, Building Solutions, Europe, Middle East, Africa and Latin America since August 2023.
+Added: From 2005 until 2023, Mr.
+Added: Vandiepenbeeck served in roles of increasing responsibility at Johnson Controls, including Vice President, Finance in 2023, Vice President of Finance, Building Solutions North America, from 2021 through 2023, Vice President and Treasurer, from 2019 until 2021 and Treasurer, Asia Pacific, Middle East, Hong Kong/Shanghai and China, from 2012 until 2015.
There are no family relationships, as defined by the instructions to this item, among the Company’s executive officers.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.