Johnson Controls Declares Cash Dividend, Elects Vice Presidents
28 January 1999
Johnson Controls Declares Cash Dividend, Elects Vice PresidentsMILWAUKEE, Jan. 27 -- The Board of Directors of Johnson Controls, Inc. today declared a regular quarterly cash dividend of $0.25 per common share. The dividend is payable March 31, 1999 to shareholders of record March 12, 1999. Johnson Controls has paid consecutive dividends since 1885. The company also announced that three corporate officers were elected Corporate Vice Presidents. They are Ben C.M. Bastianen, Vice President and Treasurer; Patrick J. Dennis, Vice President and Corporate Controller; and Subhash (Sam) Valanju, Vice President and Chief Information Officer. Johnson Controls is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For nonresidential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. Johnson Controls, founded in 1885, has headquarters in Milwaukee, Wis. Its sales for 1998 totaled $12.6 billion.