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Johnson Controls CEO to retire, names new director after talks with Elliott

By Thomson Reuters Jul 31, 2024 | 8:21 AM

(Reuters) – Johnson Controls said on Wednesday that CEO George Oliver will retire and the building solutions provider appointed Patrick Decker as a director to its board following talks with activist investor Elliott Investment.

Elliott has built a more than $1 billion stake in Johnson Controls.

(Reporting by Pratyush Thakur in Bengaluru; Editing by Shounak Dasgupta)

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