Ed Breen
Ed Breen
build continued culture excellence forward further leadership past plan previous shown solid strengthen success three within
Shelley has shown solid leadership within Tyco and in his previous roles. We look forward to his continued contributions to further strengthen the culture of excellence at Tyco. Under Shelley's leadership, we plan to build on the operational excellence success we've experienced over the past three years.
actions additional address disconnect prepared
Should the valuation disconnect persist, we are prepared to take additional actions to address this,
achieve approach best board businesses companies determined enable full options review separating strategic thorough three
After a thorough review of strategic options with our board of directors, we have determined that separating into three independent companies is the best approach to enable these businesses to achieve their full potential.
achieve approach balance best board businesses cash companies determined enable financial flows full issues legacy legal options review separating sheet strategic strong thorough three
Our balance sheet and cash flows are strong and many legacy financial and legal issues have been resolved. After a thorough review of strategic options with our board of directors, we have determined that separating into three independent companies is the best approach to enable these businesses to achieve their full potential.
active believe shares
We believe that Tyco's shares are undervalued and ... we have been an active purchaser of our equity,
believe evolution logical next separation step
We believe that separation is a logical next step in Tyco's evolution.