Deals
Johnson Controls' CEO Brings His Own Scandal to Tyco
- Alex Molinaroli survives scandals to take control after merger
- Johnson Controls transformed from car seats to building tech
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First came the affair. Then the Ponzi scheme. Now -- a $28.8 billion transaction involving two storied American corporations.
It’s been a remarkable -- and remarkably unusual -- run for Alex Molinaroli, CEO of Johnson Controls Inc., which yesterday confirmed a deal to join forces with Tyco International Plc, a company that has known controversy on an even grander scale.
After spending 33 mostly quiet years at the Milwaukee-based conglomerate, Molinaroli’s two years at the helm have been marked both by the transformation of Johnson Controls and one lurid headline after another, often in ways few might have ever thought possible. Or possible to survive.