In a letter to all employees, Tyco Int’l's newly appointed
chairman and CEO, Edward D. Breen, announced that the
company’s CFO, Mark Swartz, will soon be leaving the
Breen says, “Mark Swartz has talked with
me about his plans and said he has decided to leave the
company. He will continue to serve in his present role as I
settle into my job and until we complete a search for a new
CFO, which we are starting immediately.” No reason was
given for Swartz’s departure.
Breen also states that
Tyco’s temporary general counsel, Irving Gutin, will be
retiring. Additionally, the letter indicates that other
members will be added to Breen’s team.