Johnson Controls Declares Cash Dividend; Elects New Officer
28 January 1998
Johnson Controls Declares Cash Dividend; Elects New OfficerMILWAUKEE, Jan. 28 -- The Board of Directors of Johnson Controls, Inc. (JCI) today declared a regular quarterly cash dividend of $0.23 per common share. The dividend is payable March 31, 1998 to shareholders of record March 13, 1998. The company has paid consecutive dividends since 1885. Johnson Controls also announced the election of Rande Somma as a Vice President and Corporate Officer. Mr. Somma, 46, is President of Interior Trim, Marketing and Business Development for the company's Automotive Systems Group. He joined Johnson Controls in 1988, and has served in several senior management positions for its automotive business which is headquartered in Plymouth, Mich. Mr. Somma holds a Bachelor of Science degree in business administration from Robert Morris College in Pittsburgh, Pa. Johnson Controls, Inc., with headquarters in Milwaukee, Wis., is a global market leader in automotive systems and building controls. Through its Automotive Systems Group, it supplies seating systems, interior systems and batteries. The Controls Group serves the nonresidential buildings market with control systems and services, and integrated facility management. Founded in 1885, it operates from more than 500 locations worldwide. Johnson Controls securities (JCI) are listed on the NYSE. SOURCE Johnson Controls