Johnson Controls Declares Cash Dividend, Appoints New Officer
27 January 2000
Johnson Controls Declares Cash Dividend, Appoints New OfficerMILWAUKEE, Jan. 26 -- The Directors of Johnson Controls, Inc. (JCI) today authorized a regular quarterly cash dividend of $.28 per common share. The dividend is payable March 31, 2000 to shareholders of record March 10, 2000. Johnson Controls has paid consecutive dividends since 1885. The Directors also elected Bob Velanovich, 63, a Corporate Vice President and Officer. Velanovich also serves as Group Vice President - Manufacturing Technology and Quality for the Automotive Systems Group. He holds bachelor and master's degrees from Wayne State University in Detroit, and joined Johnson Controls in 1991. Johnson Controls, Inc., 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 1999 totaled $16.1 billion.