Alex Molinaroli

JCI plans spin-off of auto seating, interiors units

9:30 am U.S. ET | July 24, 2015

Johnson Controls plans to spin off its automotive seating and interiors businesses, which will operate as an independent, publicly traded company. Bruce McDonald, currently JCI's vice chairman and executive vice president, will become chairman and CEO of the new company....
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DOUGLAS A. BOLDUC

BLOG: Interiors sector will get smaller, but not too small

12:01 am U.S. ET | July 9, 2015

Grupo Antolin's planned purchase of most of Magna's interiors operations and JCI's possible sale of its seating business are just the beginning of the upheaval in the automotive interiors world. The sector, however, will remain competitive, an expert with vast M&A experience said....
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JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015

Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends....
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JCI's Molinaroli says employees 'rallied around' him after scandal

2:01 pm U.S. ET | Dec. 4, 2014

Johnson Controls CEO Alex Molinaroli, in his first public comment regarding his extramarital affair involving a former consultant to the company, said his employees and the community have “rallied around” him since news of the scandal broke two months ago....
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End of the affair: CEO stays, consultant goes

12:01 am U.S. ET | Oct. 13, 2014

After Alex Molinaroli, CEO of Johnson Controls, had an affair with a consultant, the parts supplier fired her consulting firm -- and expressed support for Molinaroli, Bloomberg reported last week....
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Johnson Controls fires consultant after affair with CEO

11:48 am U.S. ET | Oct. 8, 2014

Johnson Controls fired a consulting firm after learning that one of its principals had an extramarital affair with CEO Alex Molinaroli. Molinaroli told his family about his affair with psychologist Kristin Ihle in late May, according to the transcript of a court hearing at which Ihle unsuccessfully sought a restraining order against the CEO's estranged wife....
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