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.

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