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Johnson Controls International will pay new CEO Joakim Weidemanis $16.5 million in total compensation in fiscal 2025, about $1 million more than what retiring CEO George Oliver made in fiscal 2024.
Weidemanis' tenure as CEO will begin on March 12, 2025, following the company's Annual General Meeting of Shareholders.
Shares of Johnson Controls International surged to lead S&P 500 gainers on Wednesday morning after the company's first-quarter results topped estimates and it announced a new CEO.
Johnson Controls named Danaher executive Joakim Weidemanis as chief executive to succeed George Oliver, who last year divulged plans to step down following pressure from activist investment firm ...