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Johnson Controls Announces Quarterly Dividend
July 29, 2010
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By aftermarketNews staff
MILWAUKEE, Wis. — The Directors of Johnson Controls have authorized a regular quarterly cash dividend of $0.13 per common share. The dividend is payable Oct. 4, 2010 to shareholders of record Sept. 10, 2010.

Johnson Controls has paid consecutive dividends since 1887.

The company also announced the election of Brian Stief as a corporate officer. Stief joins Johnson Controls as vice president, corporate controller, reporting to R. Bruce McDonald, executive vice president and chief financial officer.

Stief's primary responsibilities will include global finance functions, financial planning and analysis, corporate taxation and other special projects. Stief will also become a member of the Global Leadership Council and will work closely with the Johnson Controls business units, providing support to those senior leadership teams on strategic initiatives, including merger and acquisition opportunities.

He succeeds Susan M. Kreh, who was named vice president, finance for the Power Solutions business of the company in late 2009.

"We are delighted to have Brian join our senior leadership team. He brings strong strategic and financial leadership to Johnson Controls, with over 30 years of experience in working with large, multinational publicly-traded companies," McDonald said. "His extensive financial background and deep understanding of the industries in which we operate are important additions to our leadership team."

Prior to joining Johnson Controls, Stief was a partner with PricewaterhouseCoopers, where he joined in 1979 and was admitted to the partnership in 1989. During his career at PricewaterhouseCoopers, he primarily served the firm's largest clients, such as Caterpillar Inc., Johnson Controls and SABMiller, and also held various office managing partner roles.

A graduate of the University of Iowa, Stief holds a bachelor's of business administration in finance and accounting from the University of Iowa. Over the years, he has been an active member in the Milwaukee community, serving on the Board of Directors of the United Performing Arts Fund, the Junior Achievement Board of Directors, the U.S. Bank Championship Board of Directors and the Greater Milwaukee Committee.

Johnson Controls is a global diversified technology and industrial leader serving customers in over 150 countries. Our 130,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles.