The CEO of the manufacturer Johnson Controls Inc. Alex A Molinaroli has had a fractious two years. He was docked $1 million after having an affair with a consultant, went through a contentious and public divorce, and is currently responding to inquiries about why he gave millions to a man found guilty of running a $50 million Ponzi scheme.
In the meantime, Alex A Molinaroli has worked to guide the $43 billion company through a significant reorganization that involves spinning off almost half of its operations into a new company.
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Alex A Molinaroli’s Affair and His Wife
In late May, Molinaroli informed his wife that he was having an affair with Ihle, according to a Bloomberg piece.
Patsy Molinaroli filed for divorce after learning of her husband’s affair with the business consultant. Patsy Molinaroli admitted using a baseball bat to smash up her house at a court proceeding about the incident. A court transcript further quotes her as saying, “I had my gun, and I shot a mirror and a TV.”
Despite concluding that Molinaroli’s relationship with the consultant did not present a conflict of interest, Johnson Controls’ board of directors terminated her contract. It reduced Molinaroli’s bonus pay by 20%, or about $1 million, in a filing with the Securities and Exchange Commission, claiming he had broken the law by failing to disclose the relationship sooner.
CEO Alex A Molinaroli and Kristin Ihle
In response to the extramarital relationship between Kristin Ihle, a Partner of Lichter & Ihle, and Johnson Controls’ CEO, Alex A Molinaroli, the company has fired Lichter & Ihle. The company’s CEO, Molinaroli, will keep up his current duties. Lichter & Ihle have long-term business relationships with Johnson Controls.
Johnson Controls is a technological and industrial firm that was founded in 1885. It develops goods, services, and solutions to improve the energy and operational efficacy of buildings, car batteries, electronics, and interior auto systems. Almost 170,000 people work for the organization globally, with 1,300 offices spread over more than 150 nations.
Johnson Controls has worked with Lichter & Ihle, a U.S. consulting company, for several years. Lichter & Ihle has experience in organizational development and talent management, among other things.
