CORK, Ireland, 5 February 2025: Johnson Controls (JCI) said its Board of Directors has appointed Joakim Weidemanis as Chief Executive Officer, effective March 12, following the Company’s Annual General Meeting of Shareholders. He succeeds George R Oliver, following a thorough succession planning process, the company added.

Oliver, who JCI said led the Company’s successful transformation into a pure-play building solutions provider, will continue to serve as Non-Executive Chairman of the Board until July 31. At that time, he will be succeeded as Chairman by Mark P Vergnano, who has served on the Johnson Controls Board since 2016. Oliver will remain as an advisor to the Company until December 31, to provide ongoing support and ensure a smooth leadership transition, the company said.

According to JCI, Weidemanis is a seasoned operator with a successful track record in leading global technology-driven businesses and delivering profitable growth. He held several executive leadership roles over his 13-year career at Danaher Corporation, which JCI said provided him with extensive experience scaling global companies from a foundation of customer orientation, innovation and efficiency. He most recently served as Executive Vice President, Diagnostics and China at Danaher, where he was responsible for operational leadership of an approximately USD 15 billion group across eight global technology businesses, JCI said. Through acquisitions and organic growth, the revenue of Danaher’s Diagnostics business grew significantly over a four-year period during his leadership, JCI said. Earlier in his career, he held executive positions of increasing operational responsibility at Mettler Toledo and ABB, JCI said. Weidemanis has lived and worked in the United States, Europe and Asia over the course of his approximately 30-year career.

Speaking on the occasion, Jürgen Tinggren, Lead Independent Director of the Johnson Controls Board, said: The Board identified Joakim as uniquely suited to lead Johnson Controls during its next chapter of growth as a pure-play provider of comprehensive solutions for commercial buildings. Joakim’s approach to leading service-oriented businesses aligns well with both the Johnson Controls approach and our end-to-end operating model. Throughout his career, he has demonstrated remarkable ability as an operator of large global businesses, scaling both organically and inorganically, and is adept in shaping product portfolios and leveraging technology to deliver best-in-class financial performance.

“As we have made substantial progress in our transformation, George has set the stage for Johnson Controls to capitalize on the opportunities ahead. On behalf of the Johnson Controls Board, we thank him for his remarkable leadership over the last eight years.”

Weidemanis said: “As I come to know Johnson Controls, I am energized by its mission-driven culture and strong 140-year legacy of developing market-leading technology and solutions that enable customers to manage their facilities in a smarter, more sustainable and more productive way. I am deeply passionate about leading global technology-driven businesses that help customers advance their goals and make a meaningful, positive impact on society. I look forward to leveraging my experience and the foundation George and the team have built to deliver on the company’s full potential for customers, employees and shareholders.”

Oliver said: “Joakim is the ideal person to lead Johnson Controls as CEO. The efforts we have made over the past eight years have transformed Johnson Controls into a simpler, more profitable and faster growing company better able to deliver on our financial and operational objectives. As we build on the momentum from fiscal 2024, I look forward to working with Joakim and the team to ensure a smooth leadership transition and a promising future for Johnson Controls.”

In a separate press release, issued on February 5, JCI reported fiscal first quarter 2025 earnings results and provided financial guidance for fiscal second quarter 2025 and updated full year 2025 guidance.