Officer. Mr. McGee, age 41, will retain his role as head of Tyco's investor relations efforts and as the leader of Tyco's Internet strategy.
"Tyco's spectacular growth in revenue, earnings and cash flow over the past ten years provides countless opportunities to drive superior performance in the future. Brad McGee has been one of the principal architects of our strategy during this time," according to L. Dennis Kozlowski, Chairman and Chief Executive Officer of Tyco.
"The goal ahead is to use our established operating platform, free cash flow and financial strength to continue growing our business and delivering the kind of financial performance that our shareholders have come to expect from
Tyco. I know that Brad will continue to make a significant contribution to this process at what is a very exciting time for Tyco and its shareholders," Mr. Kozlowski continued.
"Tyco is using the Internet in a variety of ways to enhance our business model, reduce costs and increase revenue. Brad has led much of our thinking in this vital area and will continue to lead that effort," Mr. Kozlowski added.
Mr. McGee joined Tyco in 1991 as Director of Financial Planning and Development. From 1995 to 1999 he was President - Tyco Specialty Products.
In 1999 he was appointed Senior Vice President, with primary responsibilit for investor relations. Mr. McGee graduated with a Bachelor of Science in Systems Engineering from the US Naval Academy, and with a Master of Business
Administration from the Harvard Graduate School of Business. He served on nuclear submarines with the US Navy, and has recently been selected for Captain in the US Naval Reserve.