Tyco Names Operational Excellence VP

Naren K. Gursahaney has been named to the newly created position of VP of 'operational excellence' (and unfortunately, they're not kidding)

February 13, 2003

2 Min Read

PEMBROKE, Bermuda -- Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) announced today that Naren K. Gursahaney, the former President and CEO of GE Medical Systems in Asia and the Pacific, has been named to the newly created position of Vice President of Operational Excellence. In this position, Mr. Gursahaney will lead Tyco's Six Sigma and Lean Manufacturing initiatives. Mr. Gursahaney will report directly to Chairman and Chief Executive Officer, Edward Breen. Mr. Breen said: "Naren Gursahaney is a proven leader with an outstanding track record of strengthening operating businesses, and he is the ideal person to lead our Six Sigma activities. One of my highest priorities this year will be to drive operational intensity across all of Tyco's businesses. Naren will direct that effort, helping to make sure that each of our outstanding businesses reaches its full potential in terms of efficiency, productivity and return on investment." Mr. Gursahaney said: "I'm tremendously excited about the opportunities for creating a company-wide culture of excellence at Tyco. Many of Tyco's businesses have already made significant advances in this area, while others are at the early stages. I look forward to working with executives at all levels of the Company in developing a new Tyco that will deliver operational excellence in a consistent, disciplined, sustained program." Mr. Gursahaney held a number of positions during a 10-year career at GE. In his most recent position as head of GE Medical Systems in the Asia-Pacific region, Mr. Gursahaney was responsible for growing revenues and operating margins by 15% in 2001. Previous to this position, Gursahaney was Chief Information Officer of GE Medical Systems and Vice President-Service, GE Medical Systems-Asia. As an executive in GE's corporate offices in Fairfield, CT, Gursahaney supported the Vice Chairman of GE in the rollout and implementation of key corporate initiatives, such as Six Sigma, in GE's international operations. Tyco International Ltd.

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