Johnson Controls names Mandeville to lead Corporate Development, drive M&A and partnership growth strategy

Rhea-AI Summary

On August 17, 2021, Johnson Controls (NYSE: JCI) announced the appointment of François Mandeville as Corporate Development Officer. Mandeville will oversee mergers and acquisitions to support the company's growth strategy, reporting directly to CFO Olivier Leonetti. His prior experience includes a significant role at Danaher Corporation, where he led business development, growing revenues from $2.2 billion to over $15 billion in a decade. This leadership change aims to enhance Johnson Controls' capabilities in digital technology and high-growth markets.

Positive

• François Mandeville's experience in M&A and business development at Danaher supports growth potential.
• Mandeville's appointment indicates a strategic focus on smart building technology and sustainability.

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• None.

CORK, Ireland, Aug. 17, 2021 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced that François Mandeville has joined the company as its Corporate Development Officer. Mandeville will play a lead role in the selection, execution and integration of mergers and acquisitions that further the company's business growth strategy.

François Mandeville to lead M&A function and help drive business growth strategy

Mandeville reports to Johnson Controls Executive Vice President and CFO Olivier Leonetti and will work with Scott Simon, vice president, Corporate Development, on a smooth transition and handover as Simon continues to support Leonetti on a number of strategic activities throughout this fiscal year.

"I am very excited about the skills, experience and passion that François brings to Johnson Controls as we continue to advance our growth strategy, addressing the compelling market opportunity ahead and helping our customers meet important sustainability and decarbonization goals," said Olivier Leonetti, CFO. "Johnson Controls is leading the digital transformation for Smart Buildings that is necessary to deliver on our vision for healthy people, places and planet, and Francois is ideally positioned to find and secure the best opportunities for us to continue that leadership for our customers."

"I want to thank Scott Simon for his vision and leadership in securing a strong and lasting foundation for Johnson Controls' corporate development strategy," added Leonetti. "Francois will build on our existing inorganic growth strategy that focuses on capturing new capabilities in services, digital technology, and high-growth vertical market opportunities, working with our leadership team to identify new high-value opportunities."

Mandeville is based at the company's North American headquarters in Milwaukee, Wisconsin, responsible for the overall global corporate development team, including setting the direction, strategy and governance for the function.

Prior to joining Johnson Controls, Mandeville most recently worked at Danaher Corporation as senior vice president, business development for the company's life sciences platform. In this role he was responsible for creating winning strategies that shaped the organic and inorganic growth of the business from $2.2 billion in 2011 to more than $15 billion in 2021.

Before his career at Danaher, he worked 25 years at Agilent Technologies (a spin-off of Hewlett-Packard Company) leading R&D teams, new business incubation, M&A target identification and integration in several industries including telecommunications testing, printing, chemical analysis and life sciences.

Mandeville earned his Bachelor of Science in Electrical Engineering from Ecole Polytechnique in Montréal, Canada.

About Johnson Controls:
At Johnson Controls (NYSE:JCI) we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet. 

With a history of more than 135 years of innovation, Johnson Controls delivers the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through its comprehensive digital offering OpenBlue. With a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology, software as well as service solutions with some of the most trusted names in the industry. For more information, visit www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter.

INVESTOR CONTACTS:	MEDIA CONTACTS:
Antonella Franzen	Chaz Bickers
Direct: 609.720.4665	Direct: 224.307.0655
Email: antonella.franzen@jci.com	Email: charles.norman.bickers@jci.com
Ryan Edelman	Michael Isaac
Direct: 609.720.4545	Direct: +41 52 6330374
Email: ryan.edelman@jci.com	Email: michael.isaac@jci.com

 

 

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SOURCE Johnson Controls International plc

FAQ

Who is the new Corporate Development Officer at Johnson Controls?

François Mandeville has been appointed as the Corporate Development Officer at Johnson Controls.

What role will François Mandeville play in Johnson Controls?

He will lead the mergers and acquisitions function to drive the company's growth strategy.

What experience does François Mandeville bring to Johnson Controls?

Mandeville has significant experience in business development, previously increasing Danaher's revenues from $2.2 billion to over $15 billion.

What is the focus of Johnson Controls' growth strategy?

The focus is on capturing capabilities in services, digital technology, and high-growth vertical markets.

When was François Mandeville appointed at Johnson Controls?

He was announced as Corporate Development Officer on August 17, 2021.