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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Tyco Intl. | LSE:TYI | London | Ordinary Share | BM9021241064 | COM SHS $0.20 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:2592N Tyco International Ld 07 July 2003 FOR IMMEDIATE RELEASE TYCO APPOINTS DANA S. DEASY AS SENIOR VICE PRESIDENT, CHIEF INFORMATION OFFICER PEMBROKE, Bermuda - July 7, 2003 -- Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) today announced the appointment of Dana S. Deasy as Senior Vice President, Chief Information Officer. Mr. Deasy joins Tyco from Siemens Corporation, where he served as Vice President and Chief Information Officer of The Americas. As Chief Information Officer, a newly created position at Tyco, Mr. Deasy will be responsible for developing and driving the Company's overall global information technology strategy as well as for implementing technology-based initiatives to improve Tyco's competitive position globally. Mr. Deasy will report directly to CEO and Chairman, Ed Breen. Mr. Breen said: "Appointing Dana Deasy as our first CIO is another important milestone in our development of a 'one Tyco' strategy. As CIO, Dana will capture cross-segment cost savings throughout Tyco, pursue supply chain integration across segments, and help implement Six Sigma systems throughout the entire corporation. With his impressive experience at Siemens and General Motors, Dana is ideally qualified to lead Tyco's CIO team and leverage the IT functions across the organization." Mr. Deasy said: "Tyco has tremendous businesses and I welcome the challenge of leveraging information technology to increase their efficiency and productivity. My goal is to work with the talented IT directors throughout the Company to identify savings in networks, data centers, applications and procurement. At the same time, we want to use integrated technology to help strengthen the businesses and improve the collaboration with the leadership at both the corporate and business segment level." As Vice President and Chief Information Officer of Siemens for the United States and the Americas, Mr. Deasy was responsible for leading 20 CIOs with an accumulated annual I.T. budget exceeding $600 million and for developing an overall Information Technology Roadmap for the company throughout The Americas. Prior to joining Siemens in 1999, Mr. Deasy was the Chief Information Officer of General Motors Locomotive Group where he oversaw the development of a new Information Systems and Services organization for General Motors Locomotive Group that significantly reduced IT cost by establishing a comprehensive strategy while also increasing business efficiencies through the implementation of a harmonized IT landscape. Mr. Deasy also previously served as the Director, Information Systems for Invetech Company and held a number of positions at Rockwell Space Systems Division, ultimately achieving the position of Director, Information Management supporting Rockwell's Space Shuttle program. Mr. Deasy holds a Master's Degree in Business Administration from National University in San Diego, California and a Bachelor's Degree in Business Administration from the University of Southern California. About Tyco International Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest designer, manufacturer, installer and servicer of undersea telecommunications systems; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services and the world's largest manufacturer of specialty valves. Tyco also holds strong leadership positions in medical device products, and plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2002 revenues from continuing operations of approximately $36 billion. Forward-Looking Information This release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward looking and the words "anticipate," " believe," "expect," "estimate," "project," and similar expressions are generally intended to identify forward-looking statements. The forward-looking statements in this release include statements addressing future financial condition and operating results. Economic, business, competitive and/or regulatory factors affecting Tyco's businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended September 30, 2002 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2003. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Contact: Gary Holmes (Media) 212-424-1314 Ed Arditte (Investors) 212-424-1390 This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUAUMUPWGQM
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