Comcast Reinstates Tyco Chairman to Board After Two-Year Absence
Comcast Corp. (CMCSA), the largest U.S. cable company, said Tyco International Ltd. Chairman Ed Breen rejoined its board after an absence of more than two years.
Breen had left in November 2011 to focus on Tyco, the holding company where he still served as chief executive officer at the time. He stepped down as CEO in 2012. At Comcast, he’ll be on the audit and compensation committees, the cable company said yesterday in a filing.
The Tyco chairman came back to Comcast the same week it announced the $45 billion acquisition of Time Warner Cable Inc., the second-biggest cable carrier in the country. With the deal, Comcast would add important markets such as New York, Los Angeles and Dallas, pushing its subscriber rolls to about 30 million.
Breen, 57, had been Tyco’s CEO since 2002, replacing L. Dennis Kozlowski, who was convicted in 2005 of looting the company. The company was split twice under Breen, in 2007 and 2012, resulting in Tyco, Covidien Plc, TE Connectivity Ltd. and ADT Corp.
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