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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:5672L Tyco International Ld 27 May 2003 FOR IMMEDIATE RELEASE TYCO APPOINTS EDWARD C. ARDITTE AS SENIOR VICE PRESIDENT, INVESTOR RELATIONS PEMBROKE, Bermuda - May 27, 2003 - Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) today announced the appointment of Edward C. Arditte as Senior Vice President, Investor Relations. He comes to Tyco from BancBoston Capital, the private equity investment arm of FleetBoston Financial, where he served as Chief Financial Officer. Mr. Arditte will be responsible for communicating Tyco's mission, strategy and financial and operational performance to investors, buy and sell side financial analysts, and other relevant constituents in the investment community. He will report to Executive Vice President and Chief Financial Officer David J. FitzPatrick. Kathy Manning, Vice President, Investor Relations, will work with and assist Mr. Arditte on investor relations matters. Mr. FitzPatrick said: "We're most delighted that Ed is joining Tyco in this important capacity. He has a keen analytical mind, a solid reputation for integrity, and strong leadership skills. Ed brings to Tyco a wide range of financial, managerial and business experience in global, diversified companies, which gives him the necessary perspective to communicate effectively with both investors and financial analysts." Mr. Arditte said: "I look forward to joining Tyco's talented finance team and helping them maximize the value of Tyco's businesses. Ed Breen and Dave FitzPatrick have already made progress in building investor trust and we all realize that a best-in-class investor relations program must be built upon trust, integrity and a long-term commitment to building value for Tyco's shareholders. I believe strongly in Tyco's outstanding businesses and am excited about the opportunity to be part of Tyco's future." Mr. Arditte has broad financial experience in the fields of investor relations, treasury, finance, business development and risk management. Prior to serving as the Chief Financial Officer of BancBoston Capital, Mr. Arditte spent over 15 years at Textron Inc., an $11 billion corporation with global operations in a diverse set of industrial businesses. During his tenure at Textron, Mr. Arditte held a number of positions of increasing responsibility, including Vice President Investor Relations and Risk Management; Vice President Communications and Risk Management; Vice President, Finance and Business Development at the Textron Fastening Systems Group; and Vice President and Treasurer for Textron Inc., where his principal areas of activity were capital markets activities, cash and currency management, investment banking and rating agency relations, risk management and the investment oversight of $6 billion of employee benefit assets. Mr. Arditte holds an M.B.A. in Finance and Management Policy from Boston University Graduate School of Management and a B.A. in Political Science from the University of 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 Kathy Manning (Investors) 603-334-3900 This information is provided by RNS The company news service from the London Stock Exchange END MSCMGGZKKNZGFZM
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