By Lisa Beilfuss 
 

Security company Tyco International PLC (TYC) on Tuesday named Robert Olson as its chief financial officer, replacing retiring CFO Arun Nayar.

Mr. Olson, 56 years old, joins Tyco from Dish Network Corp., where he worked as CFO for five years.

Mr. Nayar, 65, will advise the transition and then retire at the end of the year. Mr. Nayar joined Tyco in 2008 as vice president and treasurer and was promoted to CFO in 2012.

In July, Tyco said its adjusted profit topped expectations in its latest quarter, even as revenue continued to be hurt by foreign-currency impacts.

Shares of Tyco edged 0.4% lower in early trade Tuesday. They have fallen 18% so far this year.

 

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

 

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(END) Dow Jones Newswires

October 13, 2015 09:51 ET (13:51 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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