Tyco International (ticker: TYC, exchange: New York Stock Exchange (.N))
News Release -
14-Jan-2004
Tyco Appoints Carol Anthony (John) Davidson as Controller and Chief Accounting Officer PEMBROKE, Bermuda, Jan. 14 /PRNewswire-FirstCall/ -- Tyco International
Ltd. (NYSE: TYC, BSX: TYC) today announced the appointment of Carol Anthony
(John) Davidson as Senior Vice President, Controller, and Chief Accounting
Officer.
Davidson will join Tyco Jan. 26 from Dell Inc. where he served as Vice
President, Audit, Risk and Compliance. In this new position at Tyco
International, Davidson will oversee all financial reporting and control, and
accounting policy. Additionally, he will work closely with the financial team
across Tyco International's five business segments to optimize financial
reporting and accounting systems, processes and controls. Davidson will
report to David FitzPatrick, Executive Vice President and Chief Financial
Officer.
FitzPatrick said: "We are pleased to be filling this important position
with someone of John's high caliber. He has a well-rounded financial and
accounting background, excellent experience working for large, leading global
companies, and a proven track record at developing and implementing new
financial and accounting systems and controls. Having worked previously with
John, I can attest to his high standards and uncompromising integrity. Simply
put, he does the right things right. We are confident that John will be a
tremendous asset to Tyco."
Davidson said: "Tyco has a tremendous portfolio of businesses and an
outstanding management team that is clearly demonstrating its commitment to
excellence in corporate governance and financial reporting control. I am
excited about joining the Tyco team and about the opportunity to leverage my
previous experiences in financial and control programs with leading companies,
including Dell."
At Dell, Davidson has also served in other senior capacities, including
Chief Compliance Officer, Vice President and Corporate Controller and Vice
President of Internal Audit. He joined Dell in 1997 from Eastman Kodak
Company, where he worked 16 years in a variety of financial, accounting and
auditing positions of increasing responsibility. He began his accounting and
auditing career at Arthur Andersen & Co. Davidson is a Certified Public
Accountant and holds an MBA from the University of Rochester and a B.S. in
accounting from St. John Fisher College in Rochester, N.Y.
Tyco International Ltd. is a diversified manufacturing and service
company. Tyco is the world's leading provider of both electronic security
services and fire protection services; the world's leading supplier of passive
electronic components and a leading provider of undersea fiber optic networks
and services; a world leader in the medical products industry; and the world's
leading manufacturer of industrial valves and controls. Tyco also holds a
strong leadership position in plastics and adhesives. Tyco operates in more
than 100 countries and had fiscal 2003 revenues from continuing operations of
approximately $37 billion.
Contacts:
Media:
Gwen Fisher, 609-720-4387
Investor Relations:
Ed Arditte, 609-720-4621
John Roselli, 609-720-4624
SOURCE Tyco International Ltd.
CONTACT: Media: Gwen Fisher, +1-609-720-4387, or Investor Relations: Ed
Arditte, +1-609-720-4621, or John Roselli, +1-609-720-4624, all of Tyco/
Company News On-Call: http://www.prnewswire.com/comp/897850.html/
Web site: http://www.tyco.com/
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