SCHAFFHAUSEN, Switzerland, May 17, 2012 /PRNewswire/ -- Tyco International Ltd. today announced that Craig Streem has joined The ADT Corporation, which is expected to be spun off from Tyco later this year, as the vice president of investor relations.
"Craig is an important addition to the ADT team as we prepare to become a public company in September," said Kathryn Mikells, ADT's recently appointed chief financial officer. "Craig is an outstanding leader in the investor relations field, and he brings to ADT a wealth of expertise in building and leading investor relations functions, as well as experience in subscriber-based businesses and a broad network of relationships with investors and analysts. I am confident he will help us deliver on our commitment to create value for ADT's future shareholders."
Mr. Streem, 62, joins ADT from Discover Financial Services, where he served as vice president of investor relations. Mr. Streem's experience spans 25 years at organizations including Vonage, Aon, Household International and American Express. He was recognized in 2012 by Institutional Investor magazine as the number one investor relations officer in Consumer Finance. He is a graduate of City University of New York-Baruch College.
Mr. Streem reports to Ms. Mikells. He joined ADT in April and will lead ADT's newly created investor relations function upon ADT's separation from Tyco.
Upon separation from Tyco International Ltd., The ADT Corporation will be a leading provider of electronic security, interactive automation and related monitoring services for residences and small businesses in North America. ADT's broad and pioneering set of products and services, including ADT Pulse interactive home and business solutions, and home health services, meet a range of customer needs for modern lifestyles. ADT helps provide peace of mind to more than six million customers in the U.S. and Canada. Headquartered in Boca Raton, Florida, ADT employs 16,000 people at nearly 200 locations. More information is available at www.adt.com.
About Tyco International
Tyco International Ltd. (NYSE: TYC) is a diversified company that provides vital products and services to customers around the world. Tyco is a leading provider of security products and services, fire protection and detection products and services, and industrial valves and controls. Tyco had 2011 revenue of more than $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
In connection with the proposed spin-off of The ADT Corporation, a preliminary proxy statement for the stockholders of Tyco has been filed with the Securities and Exchange Commission (the "SEC"). Once complete, Tyco will mail the definitive proxy statement to its stockholders. BEFORE MAKING ANY VOTING DECISION, TYCO'S STOCKHOLDERS AND INVESTORS ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED SPIN-OFF TRANSACTION. Investors and security holders may obtain, without charge, a copy of the proxy statement, as well as other relevant documents containing important information about Tyco at the SEC's website (http://www.sec.gov) once such documents are filed with the SEC. You may also read and copy any reports, statements and other information filed by Tyco at the SEC public reference room at 100 F. Street, N.E., Washington D.C 20549. Please call the SEC at 1-800-SEC-0330 for further information.
Tyco and its directors, executive officers and other members of its management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed spin-off transaction. Information concerning the interests of Tyco's participants in the solicitation is set forth in Tyco's proxy statements and Annual Reports on Form 10-K, previously filed with the SEC, and in the proxy statement relating to the spin-off transactions when it becomes available.
SOURCE Tyco International Ltd.