AI English summary of an SEC filing — figures as filed

Johnson Controls said Olivier Leonetti notified the company on January 9, 2024 of his intention to resign as Executive Vice President and Chief Financial Officer to take an executive role outside the company. The company said the resignation was not due to any disagreements with the company on its operations, policies or practices.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Jan 16, 2024Period of report Jan 9, 2024Summary published (UTC) Oct 29, 2026

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AI summary

Johnson Controls said Olivier Leonetti notified the company on January 9, 2024 of his intention to resign as Executive Vice President and Chief Financial Officer to take an executive role outside the company. The company said the resignation was not due to any disagreements with the company on its operations, policies or practices.
Johnson Controls said Leonetti's resignation will take effect on the day after the filing of its Form 10-Q for the quarter ended December 31, 2023, which is expected to be filed on January 30, 2024. The company announced on January 16, 2024 that Marc Vandiepenbeeck will succeed Leonetti as Executive Vice President and Chief Financial Officer.
Johnson Controls said Marc Vandiepenbeeck will receive a base salary of $750,000 and will participate in the Annual Incentive Performance Program for fiscal 2024, with a prorated maximum bonus capped at 100% of his base salary. His long-term equity incentive awards will consist of a mix of performance share units, share options and restricted share units.
The company said Vandiepenbeeck joined Johnson Controls about 20 years ago and has held roles in its finance and treasury teams. He most recently served as Vice President and President, EMEALA, and previously was Chief Financial Officer of the Building Solutions North America business. The company said the two executives will work closely together to ensure a smooth transition and handover.

Summary

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Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Olivier Leonetti Gives Notice of Resignation

Johnson Controls said Olivier Leonetti notified the company on January 9, 2024 of his intention to resign as Executive Vice President and Chief Financial Officer to take an executive role outside the company. The company said the resignation was not due to any disagreements with the company on its operations, policies or practices.

Source · Based on the filing body and exhibits

Resignation Timing and Successor Named

Johnson Controls said Leonetti's resignation will take effect on the day after the filing of its Form 10-Q for the quarter ended December 31, 2023, which is expected to be filed on January 30, 2024. The company announced on January 16, 2024 that Marc Vandiepenbeeck will succeed Leonetti as Executive Vice President and Chief Financial Officer.

Source · Based on the filing body and exhibits

Marc Vandiepenbeeck Pay Terms

Johnson Controls said Marc Vandiepenbeeck will receive a base salary of $750,000 and will participate in the Annual Incentive Performance Program for fiscal 2024, with a prorated maximum bonus capped at 100% of his base salary. His long-term equity incentive awards will consist of a mix of performance share units, share options and restricted share units.

Source · Based on the filing body and exhibits

Vandiepenbeeck Background and Handover

The company said Vandiepenbeeck joined Johnson Controls about 20 years ago and has held roles in its finance and treasury teams. He most recently served as Vice President and President, EMEALA, and previously was Chief Financial Officer of the Building Solutions North America business. The company said the two executives will work closely together to ensure a smooth transition and handover.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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