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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Johnson Controls International PLC | NYSE:JCI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
2.05 | 3.37% | 62.80 | 62.465 | 60.84 | 61.25 | 7,096,178 | 01:00:00 |
By Austen Hufford
TE Connectivity Ltd. (TEL) said Friday its Chief Financial Officer Robert Hau would retire next month, and the company has begun a search for his replacement.
TE, formerly part of Tyco International (TYC) and headquartered in Switzerland, is a maker of connectivity and sensor products used by telecommunications companies as well as by automotive, aerospace and energy companies, among others.
Mr. Hau joined TE Connectivity in 2012 and has been located at the company's U.S. headquarters in Berwyn, Penn. His decision to step down, effective March 4, is the result of a decision to relocate his family to the Midwest, TE Connectivity said in a regulatory filing Friday, adding that it has started a search for evaluating candidates to replace him.
In its latest quarter, TE Connectivity's earnings declined 25% from a year earlier as the company struggled with a strong U.S. dollar, soft demand from China and weakness in oil-exposed industrial business.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
February 05, 2016 07:29 ET (12:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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