Sam Eldessouky appointed to TE Connectivity Board of Directors
Rhea-AI Summary
TE Connectivity plc (NYSE: TEL), a world leader in connectivity and sensors, has appointed Sam Eldessouky to its board of directors, effective Oct. 4, 2024. Eldessouky, currently the executive vice president and chief financial officer of Bausch + Lomb , brings valuable expertise in accounting and financial leadership to the board.
Eldessouky's extensive experience includes roles at Bausch Health Companies, Tyco International plc, and PwC. He holds a Bachelor of Science in accountancy from Ain Shams University and a master's degree in accounting and finance from the University of Liverpool. TE Connectivity Chairman John Davidson expressed pleasure in welcoming Eldessouky to the board, highlighting his range of valuable expertise.
Positive
- Appointment of a seasoned financial executive to the board
- Addition of expertise in accounting and financial leadership
- Eldessouky's experience in global controllership functions and financial reporting
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TEL declined 0.60%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are very pleased to have Sam join as a new director to TE's board," said TE Connectivity Chairman John Davidson. "He brings a range of valuable expertise to the board, including accounting and financial leadership at public companies."
Eldessouky has served in his current role at Bausch + Lomb Corporation, a global company that develops, manufactures and markets a range of products, primarily in the areas of eye health, since January 2022. Prior to that, he was the executive vice president and chief financial officer of Bausch Health Companies from 2021 to 2022 and controller and chief accounting officer from 2016 to 2021, responsible for overseeing the global controllership functions, including financial reporting, regional finance and global policies.
Previously, Eldessouky spent more than 12 years at Tyco International plc, most recently having served as senior vice president, controller and chief accounting officer from 2012 to 2016. Prior to that, he spent 10 years at PwC, where he held several roles of increasing responsibility and served in PwC's National Office, providing technical accounting guidance on complex accounting matters. Eldessouky holds a Bachelor of Science in accountancy from Ain Shams University and a master's degree in accounting and finance from the University of
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
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SOURCE TE Connectivity plc
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