Oct 01, 2008 BERWYN, Pa., Oct. 1 /PRNewswire-FirstCall/ Tyco Electronics Ltd. (NYSE: TEL)(BSX: TEL) today announced that the company has taken steps to accelerate its growth in the medical products market by creating a separate medical products business unit within its Electronic Components segment, effective Oct. 1, 2008. The company has named Doug Strohmeier as president of the new stand-alone business, reporting to Chief Executive Officer (CEO) Tom Lynch.
According to Lynch, "We have grown our medical unit into a $250 million a year business serving the imaging, surgical and monitoring markets, and believe our unique range of technologies and products positions us for significant growth. Doug has a long track record of success in the medical products business and will be a great addition to our senior management team."
Strohmeier previously served as president of Covidien's retail products business segment. He also served in several key marketing positions at Tyco Healthcare, as well as in senior marketing positions at General Medical Corporation.
Strohmeier earned his Bachelor of Science degree from East Stroudsburg University (East Stroudsburg, Pa.).
ABOUT TYCO ELECTRONICS
Tyco Electronics Ltd. is a leading global provider of engineered electronic components, network solutions, undersea telecommunication systems and wireless systems, with 2007 sales of $13.0 billion to customers in more than 150 countries. We design, manufacture and market products for customers in industries from automotive, appliance and aerospace and defense to telecommunications, computers and consumer electronics. With over 7,000 engineers and worldwide manufacturing, sales and customer service capabilities, Tyco Electronics' commitment is our customers' advantage. More information on Tyco Electronics can be found at http://www.tycoelectronics.com/.
