December 9, 2002
PEMBROKE, Bermuda -- Tyco International Ltd. (NYSE:TYC, BSX: TYC, LSE: TYI) today announced the appointment of Martina Hund-Mejean as Senior Vice President, Treasurer. She comes to Tyco from Lucent Technologies, Inc., where she served as Senior Vice President and Treasurer. Ms. Hund-Mejean will report to Executive Vice President and Chief Financial Officer David J. FitzPatrick. At Lucent, Ms. Hund-Mejean was responsible for executing over $12 billion in corporate financings, the management of customer financings activities, oversight of investor relations and the management of over $30 billion in employee benefit assets. She also played a key role in the Company's restructuring efforts over the past two years. Mr. FitzPatrick said: "I have worked with Martina previously and have enormous respect for her talents, capabilities and impeccable personal integrity. She will work closely with Ed Breen and me as we negotiate new financing arrangements with our bankers, which is one of our highest priorities. I know she will play a very significant role as we work to capitalize on the strengths of our operating businesses and earn the confidence of investors in Tyco. I am delighted that she has decided to join the Tyco team." Ms. Hund-Mejean said: "I believe that Tyco, with its solid operating businesses and strong market positions, has the potential to be one of the most exciting companies of the future. I am very impressed with what Ed Breen, Dave FitzPatrick and the rest of the talented management team are doing to build value at the Company and I look forward to joining them in that effort." Tyco International Ltd.
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