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Johnson Controls names new corporate development, M&A chief

Aug. 18, 2021
François Mandeville to lead the company's M&A function and help drive its business growth strategy. Mandeville brings wealth of corporate development leadership experience from roles at Danaher and Agilent Technologies.

Johnson Controls (NYSE: JCI) on Aug. 17 announced that François Mandeville has joined the company as its new Corporate Development Officer. The company said Mandeville will play a lead role in the selection, execution and integration of mergers and acquisitions that further its business growth strategy.

Mandeville reports to Johnson Controls' Executive Vice President and CFO Olivier Leonetti, and will work with Scott Simon, Vice President, Corporate Development, on a smooth transition and handover, as Simon continues to support Leonetti on a number of strategic activities for the company throughout this fiscal year.

"I am very excited about the skills, experience and passion that François brings to Johnson Controls as we continue to advance our growth strategy, addressing the compelling market opportunity ahead and helping our customers meet important sustainability and decarbonization goals," commented Leonetti, who continued, "Johnson Controls is leading the digital transformation for smart buildings that is necessary to deliver on our vision for healthy people, places and planet, and Francois is ideally positioned to find and secure the best opportunities for us to continue that leadership for our customers."

"I want to thank Scott Simon for his vision and leadership in securing a strong and lasting foundation for Johnson Controls' corporate development strategy," Leonetti added.

Mandeville will be based at Johnson Controls' North American headquarters in Milwaukee, Wisconsin, responsible for the company's overall global corporate development team, including setting direction and strategy, as well as its governance functions.

Prior to joining Johnson Controls, Mandeville most recently worked at Danaher Corporation as senior vice president, business development for the company's life sciences platform. In this role he was responsible for creating winning strategies that shaped the organic and inorganic growth of the business from $2.2 billion in 2011 to more than $15 billion in 2021, according to a press release.

Before his career at Danaher, Mandeville worked 25 years at Agilent Technologies (a spin-off of Hewlett-Packard Company) leading R&D teams, new business incubation, M&A target identification and integration in several industries including telecommunications testing, printing, chemical analysis and life sciences. Mandeville earned his Bachelor of Science in Electrical Engineering from Ecole Polytechnique in Montréal, Canada.

"Francois will build on our existing inorganic growth strategy that focuses on capturing new capabilities in services, digital technology, and high-growth vertical market opportunities, working with our leadership team to identify new high-value opportunities," concluded Johnson Controls' Leonetti.

For more information, visit www.johnsoncontrols.com.

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