Dana Deasy - New CIO
07 Julio 2003 - 11:07AM
UK Regulatory
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
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