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Divestiture Sep 2016 Verified

Planned Spin-Off of Adient Automotive Seating Business

Bruce R. McDonald, appointed Executive Vice President and Vice Chairman, will serve as chairman and CEO of Adient plc, formed to hold JCI's automotive seating and interiors business when it is spun off from the company.

“He will serve as chairman and chief executive officer of Adient plc, which was formed to hold JCI’s automotive seating and interiors business, when it is spun-off from the Company.”

Entities

Adient plc · Subsidiary Johnson Controls International plc · Parent
Other Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.