Tyco Appoints Dana S. Deasy As Senior Vice President, Chief Information Officer

As Chief Information Officer, a newly created position at Tyco, Mr. Deasy will be responsible for developing and driving the Company's overall global information technology strategy as well as for implementing technology-based initiatives to improve Tyco's competitive position globally. Mr. Deasy will report directly to CEO and Chairman, Ed Breen.

Mr. Breen said: "Appointing Dana Deasy as our first CIO is another important milestone in our development of a €˜one Tyco' strategy. As CIO, Dana will capture cross-segment cost savings throughout Tyco, pursue supply chain integration across segments, and help implement Six Sigma systems throughout the entire corporation. With his impressive experience at Siemens and General Motors, Dana is ideally qualified to lead Tyco's CIO team and leverage the IT functions across the organization."

Mr. Deasy said: "Tyco has tremendous businesses and I welcome the challenge of leveraging information technology to increase their efficiency and productivity. My goal is to work with the talented IT directors throughout the Company to identify savings in networks, data centers, applications and procurement. At the same time, we want to use integrated technology to help strengthen the businesses and improve the collaboration with the leadership at both the corporate and business segment level."

As Vice President and Chief Information Officer of Siemens for the United States and the Americas, Mr. Deasy was responsible for leading 20 CIOs with an accumulated annual I.T. budget exceeding $600 million and for developing an overall Information Technology Roadmap for the company throughout The Americas.

Prior to joining Siemens in 1999, Mr. Deasy was the Chief Information Officer of General Motors Locomotive Group where he oversaw the development of a new Information Systems and Services organization for General Motors Locomotive Group that significantly reduced IT cost by establishing a comprehensive strategy while also increasing business efficiencies through the implementation of a harmonized IT landscape. Mr. Deasy also previously served as the Director, Information Systems for Invetech Company and held a number of positions at Rockwell Space Systems Division, ultimately achieving the position of Director, Information Management supporting Rockwell's Space Shuttle program.

Mr. Deasy holds a Master's Degree in Business Administration from National University in San Diego, California and a Bachelor's Degree in Business Administration from the University of Southern California.

Mr. Deasy joins Tyco from Siemens Corporation, where he served as Vice President and Chief Information Officer of The Americas.

As Chief Information Officer, a newly created position at Tyco, Mr. Deasy will be responsible for developing and driving the Company's overall global information technology strategy as well as for implementing technology-based initiatives to improve Tyco's competitive position globally. Mr. Deasy will report directly to CEO and Chairman, Ed Breen.

Mr. Breen said: "Appointing Dana Deasy as our first CIO is another important milestone in our development of a €˜one Tyco' strategy. As CIO, Dana will capture cross-segment cost savings throughout Tyco, pursue supply chain integration across segments, and help implement Six Sigma systems throughout the entire corporation. With his impressive experience at Siemens and General Motors, Dana is ideally qualified to lead Tyco's CIO team and leverage the IT functions across the organization."

Mr. Deasy said: "Tyco has tremendous businesses and I welcome the challenge of leveraging information technology to increase their efficiency and productivity. My goal is to work with the talented IT directors throughout the Company to identify savings in networks, data centers, applications and procurement. At the same time, we want to use integrated technology to help strengthen the businesses and improve the collaboration with the leadership at both the corporate and business segment level."

As Vice President and Chief Information Officer of Siemens for the United States and the Americas, Mr. Deasy was responsible for leading 20 CIOs with an accumulated annual I.T. budget exceeding $600 million and for developing an overall Information Technology Roadmap for the company throughout The Americas.

Prior to joining Siemens in 1999, Mr. Deasy was the Chief Information Officer of General Motors Locomotive Group where he oversaw the development of a new Information Systems and Services organization for General Motors Locomotive Group that significantly reduced IT cost by establishing a comprehensive strategy while also increasing business efficiencies through the implementation of a harmonized IT landscape. Mr. Deasy also previously served as the Director, Information Systems for Invetech Company and held a number of positions at Rockwell Space Systems Division, ultimately achieving the position of Director, Information Management supporting Rockwell's Space Shuttle program.

Mr. Deasy holds a Master's Degree in Business Administration from National University in San Diego, California and a Bachelor's Degree in Business Administration from the University of Southern California.

Mr. Deasy joins Tyco from Siemens Corporation, where he served as Vice President and Chief Information Officer of The Americas.

As Chief Information Officer, a newly created position at Tyco, Mr. Deasy will be responsible for developing and driving the Company's overall global information technology strategy as well as for implementing technology-based initiatives to improve Tyco's competitive position globally. Mr. Deasy will report directly to CEO and Chairman, Ed Breen.

Mr. Breen said: "Appointing Dana Deasy as our first CIO is another important milestone in our development of a €˜one Tyco' strategy. As CIO, Dana will capture cross-segment cost savings throughout Tyco, pursue supply chain integration across segments, and help implement Six Sigma systems throughout the entire corporation. With his impressive experience at Siemens and General Motors, Dana is ideally qualified to lead Tyco's CIO team and leverage the IT functions across the organization."

Mr. Deasy said: "Tyco has tremendous businesses and I welcome the challenge of leveraging information technology to increase their efficiency and productivity. My goal is to work with the talented IT directors throughout the Company to identify savings in networks, data centers, applications and procurement. At the same time, we want to use integrated technology to help strengthen the businesses and improve the collaboration with the leadership at both the corporate and business segment level."

As Vice President and Chief Information Officer of Siemens for the United States and the Americas, Mr. Deasy was responsible for leading 20 CIOs with an accumulated annual I.T. budget exceeding $600 million and for developing an overall Information Technology Roadmap for the company throughout The Americas.

Prior to joining Siemens in 1999, Mr. Deasy was the Chief Information Officer of General Motors Locomotive Group where he oversaw the development of a new Information Systems and Services organization for General Motors Locomotive Group that significantly reduced IT cost by establishing a comprehensive strategy while also increasing business efficiencies through the implementation of a harmonized IT landscape. Mr. Deasy also previously served as the Director, Information Systems for Invetech Company and held a number of positions at Rockwell Space Systems Division, ultimately achieving the position of Director, Information Management supporting Rockwell's Space Shuttle program.

Mr. Deasy holds a Master's Degree in Business Administration from National University in San Diego, California and a Bachelor's Degree in Business Administration from the University of Southern California.