Tyco Hires Taxman

Tyco International names John E. Evard, Jr. as senior vice president, tax

December 16, 2002

1 Min Read

PEMBROKE, Bermuda -- Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) today announced the appointment of John E. Evard, Jr. as Senior Vice President, Tax. He comes to Tyco from United Technologies (UTC) where he served as Vice President, Tax. Mr. Evard will be responsible for all of Tyco's tax activities worldwide. He will report to Executive Vice President and Chief Financial Officer David J. FitzPatrick. Mr. FitzPatrick said: "Given Tyco's size and the diversity of its business operations, it is essential that we have an extraordinarily professional, world-class team overseeing the complex financial issues facing the Company. John Evard is an important addition to the finance group we are putting in place. I worked with him closely at UTC, where I came to respect his ability, commitment and personal integrity. Given his track record, I know that he will make enormous contributions at Tyco." Scott Stevenson will remain Senior Vice President, Tax and will also report to Mr. FitzPatrick. Mr. FitzPatrick added: "Scott has tremendous knowledge and skills with respect to Tyco's tax matters and is a valuable member of the Tyco team."Tyco International Ltd.

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