Roell to assume Johnson Controls' CEO post
Will succeed John Barth as chairman Jan. 1
Stephen A. Roell has been elected the new CEO at Johnson Controls, effective Oct. 1. He will take over as chairman of the board on Jan. 1, 2008. Roell
"John has been a truly exceptional leader, and our customers, employees and shareholders have all benefited significantly during his tenure," Roell said.proximately $34.5 billion and an unbroken track record of 17 consecutive years of earnings increases. John has also established a tremendously strong foundation upon which our company will continue to grow and deliver outstanding results to all of our stakeholders.”
"It’s clear to me that Steve and the management team are extremely well-qualified to further strengthen the leadership position of the company," said Barth.world-class organization.”
“We will continue to be a diversified multi-industrial company, dedicated to improving comfort, safety and sustainability with innovative products and services for the places where people live, work and travel,” Roell said.arkets through support of our global and regional customers.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey