Mike Snyder Leaves ADT
After 28 years at electronic security services provider ADT Security Services Inc., Boca Raton, Fla., Michael Snyder left the company to take a position at broadband phone company Vonage, Holmdel, N.J. No replacement was named at the time of publication.
Synder, who had been president of ADT, a part of Tyco Fire and Security, since 1997, was named chief executive officer of Vonage Holdings Corp., on Feb. 8.
â€œOver the past four months, I have actively recruited Mike to take over the chief executive officer role within Vonageâ€™s management team to run Vonageâ€™s day-to-day operations,â€ stated Jeffrey A. Citron, Vonageâ€™s chairman and chief strategist. â€œThe board and I are very excited to welcome Mike to the Vonage team and we are very happy to make him part of our vision.â€
â€œMike has made significant contributions to the company and to Tyco Fire and Security,â€ said a statement from Ann Lindstrom, ADT director of corporate communications. â€œHe leaves with ADTâ€™s best wishes for continued success.â€
Snyderâ€™s departure from ADT comes after the appointment of John Koch as chief operating officer for ADT North American in mid-January. Koch is responsible for overseeing all business operations.
Also prior to Synderâ€™s departure was Tyco International Ltd.â€™s annoucement that it plans to separate into three companies to be completed during the first quarter of 2007. Among the three companies will be Tyco Fire and Security/ Engineered Products and Services which will be led by Ed Breen, Tyco Internationalâ€™s chairman and CEO.
According to Tyco, the company hopes to continue growth in 2006, after past â€œflat organic growthâ€ in both its Fire and Security, and Healthcare businesses.