ADT finally completes spin-off
ADT Corp. returned Monday to the public equity markets as an independent company after completing its spinoff from Tyco International Ltd.
October 1, 2012 By Staff
Founded nearly 140 years ago, ADT begins its next chapter with $3.1 billion in 2011 annual revenue and 6.4 million customers. Its shares are listed on the New York Stock Exchange under the ticker symbol ADT and it is a constituent of the S&P 500 index.
“The launch of ADT as an independent company is a great moment for our employees, and it marks an exciting milestone in our proud history,” said ADT CEO Naren Gursahaney. “ADT leads the security industry because of our commitment to customer service, focus on innovation and continued investment in our infrastructure and our people. But what really differentiates us is that we never forget what we do for a living – we help save lives.”
ADT has almost 16,000 employees in 200 locations, and operates six fully redundant alarm monitoring centres. ADT serves one-fourth of the North American residential and small-business monitored security market, fully six times the size of its closest competitor.
The North American market for residential- and small-business-monitored security exceeds $12.5 billion in annual sales, up from $11.3 billion six years ago, according to ADT research and analyses of industry data.
ADT’s senior leadership team includes Kathryn Mikells, chief financial officer; David Bleisch, chief legal officer; Don Boerema, chief corporate development officer; Mark Edoff, senior vice president, business operations optimization; Anita Graham, chief human resources and administrative officer; Stephen Gribbon, senior vice president, sales; Shawn Lucht, senior vice president, operations; and Tony Wells, chief marketing and customer officer.
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