Atkore International Announces Change in Board of Directors
On January 13, 2012, Arun Nayar informed Atkore International that he was resigning from the Atkore Board of Directors, effective January 13, 2012. In connection with Tyco International Ltd.’s plans to separate into three independent, public companies, Mr. Nayar’s duties and responsibilities preclude him from continuing as a director of the company. Mr. Nayar’s resignation is not the result of any disagreement with Atkore International.
On January 18, 2012, the Atkore Board of Directors elected Robert M. Roche as a new director of the Company. Mr. Roche also was appointed to the audit committee of the Board. Mr. Roche is Chief Financial Officer of Tyco Fire Protection and was recently named Vice President of Financial Operations for the Tyco Fire & Security company to be created upon the separation of Tyco International into three public companies.
Atkore International Group, Inc. owns all of the outstanding capital stock of Atkore International Holdings Inc. (“Atkore Holdings”) and, as a result, the Board has the power to direct decisions made by Atkore Holdings.