Tyco International Ltd. today announced that Arun Nayar will become executive vice president and chief financial officer of the remaining Fire & Security company upon the separation of Tyco into three independent companies.

Nayar, 61, is senior vice president, financial planning & analysis, investor relations and treasurer for Tyco. He joined the company in 2008 as senior vice president and treasurer, and also served as chief financial officer of ADT Worldwide. Prior to joining Tyco, Nayar spent six years at PepsiCo, Inc., in key roles, including chief financial officer of operations, and vice president and assistant treasurer of capital markets. Nayar's career spans more than 35 years and includes senior finance leadership roles with ABB Ltd. and Westinghouse Electric Corporation.

"Arun brings impressive financial leadership skills and experience to this role, including extensive knowledge and understanding of our businesses gained as a member of Tyco's senior leadership team," said George Oliver, future chief executive officer of Fire & Security. "Arun will play an instrumental role in our preparations to become a standalone public company and in delivering on our financial performance commitments for sustained growth and profitability."