Johnson Controls Inc., a $26.5 billion automotive parts manufacturer based in Milwaukee, Wisc., named R. Bruce McDonald CFO and vice president. He succeeds Stephen Roell, who was promoted to vice chairman and executive vice president. McDonald, 45, was named assistant CFO in October 2004, after joining Johnson Controls in 2001 as corporate controller. Earlier, he was vice president of finance in TRW's automotive business and worked in finance at LucasVarity.

The Procter & Gamble Co., the $51.4 billion maker of household products, promoted Valarie Sheppard to comptroller and vice president. She succeeds John Jensen, who is retiring. Sheppard, 41, most recently was manager of finance and accounting for the global household care division of Cincinnati, Ohio–based Procter & Gamble. Since joining the company in 1986 as a tax analyst, Sheppard has served in positions including group manager of financial analysis for laundry products and finance director for Northeast Asia feminine products and baby care products.

American International Group Inc., the $97.9 billion insurance and financial services company based in New York City, named David Herzog comptroller and senior vice president and Robert Gender treasurer and vice president. Steven Bensinger, who had served as both treasurer and comptroller, was promoted to CFO and executive vice president in March. Herzog, 45, most recently was CFO of AIG's worldwide life insurance operations. He joined the company as CFO and COO for its domestic life insurance companies when AIG acquired American General Corp. in 2001. Earlier, Herzog worked in finance at General American Life Insurance Co. and its parent company, GenAmerica Corp. Gender, 47, most recently was AIG's assistant treasurer after joining the company in 1998 as director of financial analysis. Earlier, he worked in the treasury division of the Equitable Life Assurance Society.