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2000 Connector Industry
Achievement Award
Bishop & Associates annually selects one individual that has made a significant contribution to our industry. The 2000 recipient of the Connector Industry
Achievement Award is President and CEO of Tyco Electronics Corporation
and Vice President of Tyco International Ltd., Dr. Jürgen W. Gromer.
Or selection criterion is based on contributions made over a career, or a single
contribution that changes the strategic or technological landscape of the industry.
Tyco Electronics' performance has been outstanding under Dr. Gromer's
leadership. The major achievements of the past two years are noted below:
• Doubled sales from $5.0 billion to over $10.0 billion in less than two years.
• Achieved internal sales growth of 30% per annum, growing more than
twice the industry average.
• Raised profitability (net income) to double digits, the highest level in the
company's history, and 40% higher than the industry average.
• Reorganized global operations, focusing on end-use markets and technologies,
while increasing quality and customer service levels.
• Acquired a series of companies with combined sales of more than
$4.5 billion, quickly incorporating these operations into the Tyco
Electronics' organization.
• Diversified Tyco Electronics into the world's largest passive components supplier.
Dr. Jürgen W. Gromer
President and CEO of Tyco Electronics Corporation and Vice President of
Tyco International Ltd., Dr. Gromer has been President of Tyco Electronics
Corporation since August
1999. He was previously Vice President of the Global Automotive Division of AMP. In this role, he was charged with expanding the
corporation's market share and positioning it as a global systems supplier.
Prior to this, Dr. Gromer served as Divisional Vice President for Central and
Eastern Europe where he managed AMP companies in Austria, Belgium, the
Czech Republic, Germany, Holland, Hungary, Poland, Slovenia and Switzerland.
He was also responsible for managing sales branches in Bulgaria, Croatia,
Lithuania, Romania, Russia and Slovakia.
Dr. Jürgen W. Gromer
Since joining AMP in 1983,Dr. Gromer is credited with significantly broadening
Central and Eastern Europe, and especially the automotive market segment in
Germany, integrating and developing the company's Global Interconnect Systems
Business (GISB) effort, and expanding AMP's presence in Eastern Europe.
Dr. Gromer serves on the advisory board for Commerzbank and is a board
member and vice president of the American Chamber of Commerce in Germany.
About Tyco International Ltd.
Tyco International Ltd. is a diversified manufacturing and service company
that operates in five business segments. It is the world's largest manufacturer
and servicer of electrical and electronic components; the world's largest designer,
manufacturer, installer and servicer of undersea telecommunications systems;
the world's largest manufacturer, installer, and provider of fire protection
systems and electronic security services; and the world's largest manufacturer
of flow control valves. Tyco also holds strong leadership positions in disposable
medical products, diagnostic imaging, bulk pharmaceuticals, wound closure,
plastics, and adhesives. Tyco operates in more than 100 countries and had
fiscal 2000 sales of $28.9 billion.
For a copy of the Bishop Report contact Bishop & Associates, Inc.
1209 Fox Glen Drive, St. Charles, IL 60174. Phone (630) 443-2702
or Fax (630) 443-2704. Internet: www.connectorindustry.com
Tyco Electronics
2000 Revenues - $9.9 billion
% of Revenues - 34%
Manufacturers a variety of products, including connectors, undersea fiber
optic cable for telecommunications, multi-layer printed circuit boards for
telecommunications, military, and computer applications, and electrical
conduit.
Healthcare & Specialty Products
2000 Revenues - $6.5 billion
% of Revenues - 22%
Disposable healthcare products and a manufacturing of a wide range
of products used in packaging, including polyethylene films and
laminated and coated products.
Fire and Security
2000 Revenues - $6.1 billion
% of Revenues - 21%
World's largest manufacturer, installer, and servicer of fire
protection and life safety systems and services.
Flow Control
2000 Revenues - $3.9 billion
% of Revenues - 14%
Manufacturers and distributed products that move, control,
and sample liquids, gases, powders, and other substances.
Telecommunications
2000 Revenues - $2.5 billion
% of Revenues - 9%
A Tyco subsidiary which provides undersea fiber optic
cable for data communications and telecommunications customers.
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