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.
About ADT
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.
ADDITIONAL INFORMATION
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.