Milwaukee, Wisconsin -- Local US press reports suggest the global automotive seating business to be spun off from Johnson Controls in 2016 will be headquartered in Milwaukee, but the company insists the site will not be its HQ.
Johnson Controls spinoff base set for downtown Milwaukee
The automotive seating business is to move to the building next summer, where it will accommodate Bruce McDonald, who will be chairman and ceo of the still-to-be-named company.
Johnson Controls spokesman Fraser Engerman said the site will be among four corporate offices for the automotive spinoff but will not be identified as the company’s HQ.
The automotive business, which is projected to finish this year with $16.8 billion in revenues, is scheduled to start operating independently of Johnson Controls on 1 July 2016, with a legal separation to take place on 3 October 2016, according to press reports.