PEMBROKE, BERMUDA—Tyco International has named Edward arditte senior vice president of investor relations. He comes to Tyco from BancBoston Capital, the private equity investment arm of FleetBoston Financial, where he served as chief financial officer.
Arditte will be responsible for communicating Tyco’s mission, strategy and financial and operational performance to investors, buy and sell side financial analysts, and other relevant constituents in the investment community as the company seeks to rebuild its reputation after being at the center of financial scandals last year.
According to Arditte, “Ed Breen and [chief financial officer] Dave FitzPatrick have already made progress in building investor trust and we all realize that a best-in-class investor relations program must be built upon trust, integrity and a long-term commitment to building value for Tyco’s shareholders. I believe in Tyco’s outstanding businesses and am excited about the opportunity to be part of Tyco’s future.”
Prior to serving as CFO at BancBoston Capital,. Arditte spent over 15 years at Textron, an $11 billion corporation with global operations in a diverse set of industrial businesses, where he was vice president investor relations and risk management; vice president communications and risk management, among other titles.