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Bruce Gordon Becomes Director Of Tyco
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PEMBROKE, Bermuda, Jan. 13 --
Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) announced today
that Bruce Gordon, President of Retail Markets at Verizon Communications,Inc.,
has been appointed to the Company's Board of Directors. Mr. Gordon will
fill the seat vacated by Joseph Welch, who has resigned.
Mr. Welch is the fourth Tyco director to resign following the Board's
decision on September 12, 2002 that, following the appointment of Ed Breen
as the new Chairman and Chief Executive Officer, the Board should consist
of all new directors.
Tyco Chairman and Chief Executive Officer Ed Breen said: "I would
like
to thank Joe Welch for his contributions and dedication to the Company.
I have appreciated his perspective as we have sought to build value for
Tyco and its shareholders, and all of us at Tyco wish him well."
Mr. Breen continued: "Bruce Gordon is a strategic thinker who understands
how the consumer thinks and I know that he will be a valuable member of
our Board. Bruce brings to Tyco tremendous experience in sales, marketing
and retailing. This is essential for a Company like Tyco, which has millions
of customers worldwide, and I welcome Bruce to the Board with great enthusiasm."
The nomination of Mr. Gordon to the Tyco Board was previously announced
on September 12, 2002. Three other nominees, Sandra Wijnberg, Dennis
Blair, and Brendan O'Neill have been nominated to join the Board. They
will become Board members either when there are additional resignations
from existing directors or at the Company's next annual meeting.
About Bruce Gordon
Bruce Gordon is the President of Retail Markets at Verizon Communications,Inc.,
a provider of wireline and wireless communications in the United States
that has a presence in 40 countries. Previous to the merger of Bell Atlantic
Corporation and GTE, which formed Verizon in July of 2000, Mr. Gordon
fulfilled a variety of positions at Bell Atlantic Corporation,including
Group President, VP Marketing and Sales and VP Sales. Mr. Gordon graduated
from Gettysburg College and received a Masters of Science from MassachusettsInstitute
of Technology (MIT).
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