On July 24, 2015 Johnson Controls announced its intent to spin-off its Automotive Seating and Interiors Business into an independent company. The name of this new company will be Adient. The spin-off is targeted for October 31, 2016 and on that day Adient plans to list on the New York Stock Exchange (NYSE) under the ticker symbol ADNT.
“Adient will be the world's largest automotive seating supplier,” said incoming Adient Chairman and Chief Executive Officer R. Bruce McDonald. “As an independent public company, we will have the flexibility to invest in our core business and rapidly capitalize on emerging automotive trends. With a strong focus on innovation and operational excellence on a global scale, and driven by a strong management team, we will be positioned to provide unparalleled service to our customers."
Adient will be the global leader in the $60 billion automotive seating market, with approximately 75,000 employees in 230 locations across 33 countries. With $20 billion in consolidated annual revenues, Adient will deliver 25 million seating systems used on more than 360 vehicle nameplates around the globe.
adient.com will be Adient’s presence on the web.
To find out more about the creation of Adient, visit the Johnson Controls Media Center
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