Summary
Johnson Controls International plc (JCI) announced a planned leadership transition within its executive team. Lei Schlitz, Vice President and President of Global Products & Solutions, will be departing the company on October 1, 2026. This departure is attributed to changes in the Company's operating model that will alter the scope of her current role, signaling a strategic realignment within the organization. While Ms. Schlitz's departure is a notable event, the company has indicated that she will remain through an extended transition period, allowing for a smooth handover. Investors should note that Ms. Schlitz's departure entitles her to severance benefits in accordance with the Company's established Severance and Change in Control Policy for Officers. This filing primarily serves to inform stakeholders of this executive change and assure them of adherence to company policy during the transition.
Key Highlights
- 1Lei Schlitz, VP and President of Global Products & Solutions, is departing JCI.
- 2The departure is a planned transition due to changes in the company's operating model.
- 3Ms. Schlitz will remain with JCI until October 1, 2026, to facilitate a smooth transition.
- 4Ms. Schlitz is eligible for severance benefits under the Company's Severance and Change in Control Policy for Officers.
- 5The filing indicates a strategic realignment of roles within the company's leadership structure.