Posted to News on 9th May 2011, 10:45
Tyco Electronics is renamed TE Connectivity
Tyco Electronics Ltd received shareholder approval at its Annual General Meeting to change the company name to TE Connectivity Ltd. The name change is subject to Swiss regulatory approval, which the company expects to receive by March 25, 2011. The NYSE ticker symbol (TEL) will remain the same (TEL).
Chief Executive Officer Tom Lynch comments: "Our new name better reflects the products and solutions we bring to our customers. We offer more than 500,000 products that connect and protect the flow of power and data inside millions of products that consumers and industries use every day, all around the globe. From smart phones to satellites, automobiles to airplanes, dishwashers to data centres, we are in it.
"As a company, we are well-known to the industries and customers we serve. We want to expand our reach and drive awareness of TE Connectivity beyond our existing customer base to prospective customers, suppliers, investors, recruits and the communities in which we operate around the world."
