Tyco announced a plan to separate the company’s current portfolio into three separate, publicly traded companies – Tyco Healthcare, Tyco Electronics and Tyco Fire & Security and Engineered Products & Services. Tyco Electronics is one of the world’s largest suppliers of electronic components, including connectors, switches, relays, circuit protection devices, touch screens, magnetics, resistors, wire and cable, as well as fiber-optic and wireless components and systems. Electronics has 88,000 employees worldwide. As a $12 billion stand-alone enterprise, The company’s Chief Executive Officer will be Tom Lynch -- current President of Tyco’s Engineered Products & Services segment. Dr. Juergen Gromer, who has led Tyco Electronics since 1999, will continue as President, and will also assume additional responsibilities as Vice Chairman.