Tyco Appoints Carol Anthony (John) Davidson As Controller And Chief Accounting Officer

Davidson will join Tyco Jan. 26 from Dell Inc. where he served as Vice President, Audit, Risk and Compliance. In this new position at Tyco International, Davidson will oversee all financial reporting and control, and accounting policy. Additionally, he will work closely with the financial team across Tyco International's five business segments to optimize financial reporting and accounting systems, processes and controls. Davidson will report to David FitzPatrick, Executive Vice President and Chief Financial Officer.

FitzPatrick said: "We are pleased to be filling this important position with someone of John's high caliber. He has a well-rounded financial and accounting background, excellent experience working for large, leading global companies, and a proven track record at developing and implementing new financial and accounting systems and controls. Having worked previously with John, I can attest to his high standards and uncompromising integrity. Simply put, he does the right things right. We are confident that John will be a tremendous asset to Tyco."

Davidson said: "Tyco has a tremendous portfolio of businesses and an outstanding management team that is clearly demonstrating its commitment to excellence in corporate governance and financial reporting control. I am excited about joining the Tyco team and about the opportunity to leverage my previous experiences in financial and control programs with leading companies, including Dell."

At Dell, Davidson has also served in other senior capacities, including Chief Compliance Officer, Vice President and Corporate Controller and Vice President of Internal Audit. He joined Dell in 1997 from Eastman Kodak Company, where he worked 16 years in a variety of financial, accounting and auditing positions of increasing responsibility. He began his accounting and auditing career at Arthur Andersen & Co. Davidson is a Certified Public Accountant and holds an MBA from the University of Rochester and a B.S. in accounting from St. John Fisher College in Rochester, N.Y.

Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's leading provider of both electronic security services and fire protection services; the world's leading supplier of passive electronic components and a leading provider of undersea fiber optic networks and services; a world leader in the medical products industry; and the world's leading manufacturer of industrial valves and controls. Tyco also holds a strong leadership position in plastics and adhesives. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion.