Glendale-based Johnson Controls Inc. today announced Bruce McDonald has been named executive vice president and vice chairman, effective immediately.
McDonald most recently served as executive vice president and chief financial officer at the global multi-industrial company. In the newly created role of vice chairman, he will be responsible for guiding operational and financial performance and leading the procurement, corporate development, investor relations, enterprise ERP implementation and responsibility for discontinued operations businesses.
McDonald has worked at Johnson Controls since 2001, and was appointed chief financial officer in 2005 and executive vice president in 2006. He previously worked in financial roles at Ernst & Young and Varity Corp. McDonald holds a bachelor’s in commerce from McMaster University. He is a chartered accountant and a certified public accountant.
“Bruce’s demonstrated success and leadership at Johnson Controls give me every confidence that he will make an impact with this new role,” said Alex Molinaroli, chairman and chief executive officer. “This appointment will enable us to deliver on both the short- and long-term commitments we have made to our customers, our employees and our shareholders.”
Brian Stief has been promoted to chief financial officer to take McDonald’s place. He most recently served as vice president and corporate controller. Stief joined Johnson Controls in 2010. He previously was a partner at PricewaterhouseCoopers, where he worked for more than 30 years. Stief holds a bachelor’s in finance and accounting from the University of Iowa.
“These well-deserved promotions for Bruce and Brian reflect the company’s long-standing commitment to leadership excellence, and will help us achieve our growth objectives as we further establish Johnson Controls as a global multi-industrial leader in our markets,” Molinaroli said.
