MILWAUKEE, July 27, 2011 /PRNewswire/ -- The Board of Directors of Johnson Controls, Inc. (NYSE: JCI) has authorized a regular quarterly cash dividend of $0.16 per common share. The dividend is payable October 4, 2011 to shareholders of record September 9, 2011.
Johnson Controls has paid consecutive dividends since 1887.
The company also announced the election of Bill Jackson as a corporate officer. As previously announced, Jackson joined Johnson Controls in May 2011 as executive vice president, operations and innovation. He is responsible for leading business unit transformations, innovation, pricing, continuous improvement and quality globally and across the company.
Prior to joining Johnson Controls, Jackson worked for 20 years as a consultant. He served as senior vice president and board member of Booz, Allen & Hamilton and Booz & Company. He led the firm's Global Automotive, Transportation and Industrials Practice. He recently was vice president and president of automotive at Sears Holdings Corporation. Early in his career, Jackson worked as an engineer and program manager for Lockheed (formerly General Dynamics) researching composite materials for fighter aircraft applications.
Jackson holds bachelor's and master's degrees in mechanical engineering from the University of Illinois at Urbana-Champaign and a Master of Business Administration degree from the University of Chicago.
Jackson is a board member of Milacron and for a privately held company. He also serves on the Engineering Board of Governors at the University of Illinois and has served on the board of directors for Lyric Opera of Chicago and the Chicago Public Education Fund.
SOURCE Johnson Controls, Inc.