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Daily News

Tyco Names Hund-Mejean Treasurer
Dec 9, 2002
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Tyco International Ltd. said today it appointed Martina Hund-Mejean 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 U.S. $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.

"I have worked with Martina previously and have enormous respect for her talents, capabilities and impeccable personal integrity," said Mr. FitzPatrick. "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."

"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," said Ms. Hund-Mejean. "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."

Ms. Hund-Mejean succeeds Michael Robinson as treasurer. Mr. FitzPatrick said, "Michael has been most helpful and professional during my early days at Tyco and we have asked him to stay with the Company as we move forward."

Tyco is a diversified manufacturing and service company and is the world's largest manufacturer and servicer of electrical and electronic components and specialty valves. The company also is a leader in markets for medical devices, plastics, and adhesives. The company operates in more than 100 countries.

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