ADT 2007 Annual Report Download - page 9

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Tyco’s culture is built on a set of core values that includes
integrity, teamwork, excellence and accountability. Indeed,
we have worked hard over the last few years to reinforce
within Tyco the fundamental premise that every employee
is responsible for the conduct and success of the company.
That means making ethical business practices and per-
sonal integrity the cornerstone of everything we do. Our
core values are emphasized in the principles spelled out
in Tyco’s Guide to Ethical Conduct.
Our values are further reinforced by the talented and
seasoned leaders who manage Tyco’s businesses. They are
backed by a board of directors with deep experience,
proven skills and diverse perspectives. One of our mem-
bers, Carl McCall, will retire from the board in March.
Carl joined the board in 2003 during a challenging
period for our company, and I want to thank him for his
dedicated service and contributions. In 2007, we were
pleased to welcome to our board William Stavropoulos,
the former Chairman, President and Chief Executive
Offi cer of Dow Chemical Company.
Having taken our fi rst steps as a new and more
focused company, we are excited and confi dent about
our future and the opportunities we have to build on
our leadership position in markets around the world. We
pledge that we will continue to work tirelessly in the years
ahead to advance Tyco International for our customers,
our employees and for you, our shareholders. We thank
you for your loyalty and support.
EDWARD D. BREEN
Chairman and Chief Executive Officer
Tyco International Ltd.
and service offerings. We acquired Retail Expert, a
company that offers software to help retailers manage
their loss control. We also announced the acquisition of
Trident Tek, which adds Internet protocol (IP) solutions
to our growing family of video-based security products.
We will consider other “bolt-on” acquisitions in areas
where we believe we can strengthen our market position.
Besides adding to our list of products and services,
these two acquisitions are examples of how we are posi-
tioning our company as a more valuable partner to our
customers in large vertical markets—like energy, bank-
ing, retail and education—where we can make available
a broad range of integrated solutions.
As well as making acquisitions, we will continue to
refi ne our portfolio by disposing of businesses or product
lines that no longer meet our strategic direction or our
We are excited and confi dent about
our future and the opportunities
we have to build on our leadership
position in markets around the world.
return criteria. Last year, we announced plans to pursue
the sale of our global Infrastructure Services business, and
in September reached an agreement to sell a Brazilian
subsidiary of that business.
We also made progress during fi scal 2007 in improv-
ing our productivity and effi ciency. Our Operational
Excellence initiatives are generating hundreds of mil-
lions of dollars of cost savings annually through targeted
strategies in Six Sigma, strategic sourcing, real estate and
information technology. We realize that continuing to
make our cost structure more effi cient will be one of
the keys to the long-term success of Tyco International.
CHAIRMAN’S LETTER