Johnson Controls has announced that its Board of Directors has appointed Joakim Weidemanis as Chief Executive Officer, effective 12 March 2025.
Following the company’s Annual General Meeting of Shareholders, Weidemanis will succeed George Oliver following a thorough succession planning process.
Oliver, who led the company’s transformation into a pure-play building solutions provider, will continue to serve as Non-Executive Chairman of the Board untilย 31 July 2025.
At that time, he will be succeeded as Chairman by Mark Vergnano, who has served on the Johnson Controls Board since 2016.
Oliver will remain as an Advisor to the company until 31 December 2025, to provide ongoing support and ensure a smooth leadership transition.
Jรผrgen Tinggren, Lead Independent Director, Johnson Controls Board commented: “The Board identified Joakim as uniquely suited to lead Johnson Controls during its next chapter of growth as a pure-play provider of comprehensive solutions for commercial buildings.
“Joakim’s approach to leading service-oriented businesses aligns well with both the Johnson Controls approach and our end-to-end operating model.
“Throughout his career, he has demonstrated remarkable ability as an operator of large global businesses, scaling both organically and inorganically and is adept in shaping product portfolios and leveraging technology to deliver best-in-class financial performance.”
Tinggren continued: “As we have made substantial progress in our transformation, George has set the stage for Johnson Controls to capitalize on the opportunities ahead.
“On behalf of the Johnson Controls Board, we thank him for his remarkable leadership over the last eight years.”
Weidemanis commented on his appointment: “As I come to know Johnson Controls, I am energized by its mission-driven culture and strong 140-year legacy of developing market-leading technology and solutions that enable customers to manage their facilities in a smarter, more sustainable and more productive way.
“I am deeply passionate about leading global technology-driven businesses that help customers advance their goals and make a meaningful, positive impact on society.
“I look forward to leveraging my experience and the foundation George and the team have built to deliver on the company’s full potential for customers, employees and shareholders,” Weidemanis concluded.
Oliver expressed: “Joakim is the ideal person to lead Johnson Controls as CEO.
“The efforts we have made over the past eight years have transformed Johnson Controls into a simpler, more profitable and faster growing company better able to deliver on our financial and operational objectives.
“As we build on the momentum from fiscal 2024, I look forward to working with Joakim and the team to ensure a smooth leadership transition and a promising future for Johnson Controls.”