Former Tyco Exec Consulting with Bank Regulator
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Former Tyco Exec Consulting with Bank Regulator

Judith Czelusniak, who headed the public affairs function at Tyco International under indicted former chief executive Dennis Kozlowski, is consulting with the Federal Deposit Insurance Company, which regulates the nation’s banks.

Paul Holmes

WASHINGTON, D.C.— Judith Czelusniak, who headed the public affairs function at Tyco International under indicted former chief executive Dennis Kozlowski, is consulting with the Federal Deposit Insurance Company, which regulates the nation’s banks.

Czelusniak has been working with the FDIC since February, but FDIC Donald Powell had declined to comment on her status, fueling speculation that she was a full-time employee and controversy over whether a high-ranking officer of the troubled Tyco should hold a senior position at a government regulatory agency.

“Czelusniak was offered the position of director of public affairs at the FDIC but has decided not to accept,” said the FDIC in a statement. “She is being retained as a consultant and will be advising us on public relations, branding and marketing.”

While at Tyco, Czelusniak was one of a number of executives who received significant perks, according to documents and testimony presented at Kozlowski’s trial. Tyco’s former human resources director confirmed that Tyco paid $18,500 per month for Czelusniak’s New York apartment, along with $800 per month for a New York parking space and $4,815 each month in rent on a Florida apartment.

Before joining Tyco, Czelusniak worked for Agco, a maker of farm equipment; Security Pacific National Ban; and The Dilenschneider Group.

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