Johnson Controls CEO Molinaroli fields CNBC question about affair
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- David Schuyler
- Digital Producer- Milwaukee Business Journal
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Employees of Johnson Controls Inc. rallied around president and chief executive officer Alex Molinaroli after news of his affair with a consultant broke in October, the executive told a reporter in an on-air interview on CNBC this week
Molinaroli admitted in emails to employees that he had an extramarital affair with a woman who owns a Milwaukee consulting firm that was doing business with Glendale-based Johnson Controls. He told employees that he was divorcing his wife, Patsy Molinaroli, and remained in a relationship with Kristin Ihle, a principal at Lichter & Ihle.
The board determined that no conflict of interest occurred, but the consulting firm's contract was terminated to avoid any appearance of a conflict, according to the CNBC report.
Watch the attached video of the on-air exchange below.
David Schuyler is Digital Producer overseeing website content and also serves as a reporter covering the arts and nonprofit organizations for the Milwaukee Business Journal.
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