TE Connectivity, a pioneer in connectivity and sensors, and the TE Connectivity Foundation, a private charitable foundation funded entirely by TE, have donated more than $1 million to organisations supporting the fight against COVID-19. The TE Foundation approved a $1 million emergency grant to Global Impact, a philanthropic partner across the private, non-profit and public sectors, to fund diagnostics, therapeutics and vaccines vital in managing the global pandemic. Personal protective equipment "TE makes products that are essential to daily living and healthcare delivery, and our employees around the globe continue their important work in these trying times," said Karen Leggio, TE Foundation board chair. "The TE Foundation board knew we had to do our part, too, by supporting a global charitable organisation that is helping to battle the coronavirus. We are proud to be a part of Global Impact's work to make a real and lasting impact." Specifically, the TE Foundation has requested the funds be distributed among the following organisations: Direct Relief, to supply medical personnel around the world with personal protective equipment (PPE) and other necessities Americares, to mobilise medical personnel for overwhelmed health facilities around the world Gates Philanthropy Partners' Therapeutics Accelerator, to speed up the identification and production of treatments for COVID-19 Biggest impact on the communities "We want to recognise the TE Connectivity Foundation for its leadership in making a significant gift during this time of great need," said Global Impact President and CEO Scott Jackson. TE Connectivity has committed to making a series of donations to charities "Their generosity will go a long way to support the Global Impact charities that are on the front lines developing therapies, researching vaccines and serving their constituencies around the world during this pandemic." Separately from the foundation, TE Connectivity has committed to making a series of donations to charities that will have the biggest impact on the communities in which the company operates. Identifying more opportunities "Our most important priority is the health and safety of our employees and making sure we are doing what we can to support the communities where our people live and work," said TE Connectivity CEO Terrence Curtin. "We are working with our employees around the world to identify more opportunities where our dollars can make a difference in the days and weeks ahead." TE has donated $100,000 to Direct Relief, as well as $75,000 to the Shanghai Charity Federation to purchase PPE. Additionally, TE will double the charitable match it offers to its U.S. employees to 200% when they donate to specific medical facilities near major TE locations nationwide.
TE Connectivity (TE), a pioneer in connectivity and sensors, has been recognised by the Ethisphere Institute, a pioneer in defining and advancing the standards of ethical business practices, as one of its 2020 World's Most Ethical Companies. The annual listing honours companies that have a purpose-based strategy and strive to create positive change throughout their global communities as a core part of their business model. Highest ethical standards "I'm proud that our teams at TE have embraced our purpose to create a world that is safer, sustainable, productive and connected," said TE Connectivity CEO Terrence Curtin. "As a global industrial technology leader, we know that operating with integrity and the highest ethical standards are essential to building and maintaining the trust of our customers, shareholders and employees." TE has been recognised for six consecutive years and is one of only four honourees in the Electronics and Semiconductors category. The 2020 list includes 132 honourees spanning 21 countries and 51 industries. "Congratulations to everyone at TE Connectivity for earning this recognition," said Ethisphere Chief Executive Officer Timothy Erblich. "This is a moment to acknowledge the leaders working to advance corporate cultures defined by integrity and affirm those companies contributing to broader societal imperatives and the greater good." Supporting a strong value chain Grounded in Ethisphere's proprietary Ethics Quotient®, the World's Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the practices of organisations across industries and around the globe. Best practices and insights from the 2020 honourees will be released in a report and webcast in March and April of this year. All companies that participate in the assessment process receive an Analytical Scorecard providing them a holistic assessment of where their programs stand against the demanding standards of companies.
TE Connectivity, a renowned provider of connectivity solutions and sensors, has maintained its place for the fourth year in a row among a growing number of employers to be named a Best Place to Work for LGBTQ Equality in the United States. Corporate Equality Index (CEI) By adopting policies ensuring antidiscrimination, equal medical benefits, internal training and education and more, TE earned a perfect 100 percent ranking on the Corporate Equality Index (CEI), a national benchmarking survey and report on workplace equality administered by the Human Rights Campaign Foundation, since 2017. We have worked hard to create a work environment in which everyone feels that they belong" "We have worked hard to create a work environment in which everyone feels that they belong," said CEO of TE Connectivity, Terrence Curtin. He adds, "An inclusive environment allows everyone to feel more comfortable sharing their ideas and that collaboration only serves to foster innovation, which is key to the future growth of our company." This year, 686 of the largest businesses operating in America earned the highest ranking and designation as a Best Place to Work. Protecting LFGBTQ employees and customers "These companies know that protecting their LGBTQ employees and customers from discrimination is not just the right thing to do – it is also the best business decision," said Human Rights Campaign (HRC) President, Alphonso David. In December, TE also received a perfect score in the HRC Equality MX survey, earning the distinction as a ‘Best Place to Work for the LGBT Community’ in Mexico for the third year in a row. TE is committed to engaging with its employees around the world and making TE a great place to work in by emphasising on the development and training aspects, creating a safe work environment, embracing diversity and inclusion, and supporting uncompromising values.
TE Connectivity Ltd., a globally renowned provider of connectivity solutions and sensors, has been named to FORTUNE magazine's List of the World's Most Admired Companies for the third year in a row. The annual survey, conducted by FORTUNE and Korn Ferry, is given to top executives, directors and financial analysts to identify the companies that enjoy the strongest reputations among their peers and across industries. TE Connectivity was ranked fifth in the electronics industry. TE Connectivity TE's teams globally innovate products that are integral in making all of our lives safer and more sustainable" "TE's teams around the world innovate products that are integral in making all of our lives safer and more sustainable, as well as more productive and connected," said CEO Terrence Curtin. "I am proud that we have once again been recognised by business leaders across industries and geographies and I am appreciative of the work of our global teams for their continued dedication to our customers and our purpose." TE Connectivity helps customers in approximately 150 countries create the technology of tomorrow in industries including transportation, aerospace, industrial applications, medical technology, energy, data communications and home appliances. Separately, FORTUNE honored TE Connectivity last year by ranking the company fourth on its 2019 Change the World list for its technological contributions to medical devices used for minimally invasive procedures. World's Most Admired Companies list The World's Most Admired Companies list is the definitive report card on corporate reputation. To compile the rankings, corporate reputation and performance are measured against nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness. TE Connectivity is a global industrial technology solutions firm, involved in creating a safer, sustainable, productive, and connected future. Their broad range of connectivity and sensor solutions, are proven in the harshest environments, enabling advancements in transportation, industrial applications, medical technology, energy, data communications, and the home.
TE Connectivity, a pioneer in connectivity and sensors, has been named to the Dow Jones Sustainability Index for the eighth consecutive year, showcasing its long-term economic, social and environmental impact on the world. In fiscal year 2018, TE continued to implement sustainability initiatives across both operations and products. Since 2010, the company has achieved a 30% reduction in energy use and a 38% reduction in greenhouse gas emission. Demonstrating Similar Core Values TE extends its sustainability efforts into the company's supply chain by partnering with companies that demonstrate similar core values. In fiscal year 2018, TE added more than 5,000 additional certifications to the TE Guide to Supplier Social Responsibility and contributed $4.2 billion to local economies through the company's localised supply chain. The Dow Jones Sustainability Indices evaluate the sustainability performance of 2,500 companies The Dow Jones Sustainability Indices evaluate the sustainability performance of the largest 2,500 companies listed on the Dow Jones Global Total Stock Market Index. They are the longest-running global sustainability benchmarks worldwide and have become the key reference point in sustainability investing for investors and companies alike. Responsible And Sustainable Business Practices "We're proud that our efforts to create a safer, sustainable, productive and connected future have again been recognised by the Dow Jones Sustainability Index," CEO Terrence Curtin said. "We're committed to creating technology that is helping to make the world a better place through responsible and sustainable business practices." TE continues to engage employees in inclusion and diversity efforts across the globe, with an increasing number of employees participating in employee resource groups and more than 30,000 employees participating in inclusion and diversity events in fiscal year 2018. TE and the TE Connectivity Foundation donated more than $5 million to charities around the world and TE employees volunteered more than 36,000 hours with non-profits.
When a company the size of TE Connectivity, a global provider of connectors and sensors, works to change the future, the positive results can be felt around the world. TE details how it is working toward its purpose of building a safer, sustainable, connected and productive future through its products, partners and business practices in the 2018 Corporate Responsibility Report. "Our employees genuinely want to feel like they are leaving the world a better place for the next generation and helping our customers do the same," said CEO Terrence Curtin. "I'm excited about all the ways we're using digitisation in our global efforts, from creating a better online customer experience to increasing the safety and resource efficiency in our factories. TE is making the world's roadways safer, too, as the technology behind autonomous vehicles“It is also fulfilling to see how our enterprise strategy and purpose are aligning to sustainable long-term global growth trends such as the future of transportation, automation, life-saving medical devices, renewable energy solutions and connected everything." Making roadways safer As vital components of medical devices that are designed to improve patient outcomes, TE sensors and connectors are helping to save lives. For example, TE products are integral components of a medical device used to remove blood clots, minimising the risk of further strokes. TE is making the world's roadways safer, too, as the technology behind autonomous vehicles. Approximately 94% of crashes are caused by human error and autonomy removes that factor from the equation. By 2030, it is expected that 10% of vehicles will be fully autonomous with new features like predictive ride technology that would allow cars to sense and react to the state of the road ahead. In addition to helping make the world safer with its products, TE is also working to reduce risks in its own facilities. Since the launch of TE's Safety Assessment for Effectiveness program in 2010, the company has seen a 61% decrease in reportable accidents and received external recognitions for its safety initiatives globally. Received awards from multiple countries TE technology connects and protects electrical equipment for safe, reliable and high-performing wind farmsThree sites in Germany received the Golden Hand Award from safety insurance company BGHW for preventing hand and finger injuries. TE's plant in Thailand earned a Zero Accident Award from the Ministry of Labour in recognition of the 3.2 million hours of operation since its opening in 2015 without an incident. And in Greensboro, North Carolina, TE facilities earned two honours from the state Department of Labour: The Gold Safety Award and recertification through 2023 as a Carolina Star site. Through a series of Energy Treasure Hunts, TE uncovered opportunities to reduce energy use by an average of 6% at manufacturing sites, contributing to a 30% decrease in energy use intensity since 2010. Because of this program's success, another 45 plants around the world have committed to completing an Energy Treasure Hunt in FY2019. TE also supports customers developing the future of renewable energy. TE technology connects and protects electrical equipment for safe, reliable and high-performing wind farms, from wind turbines to the grid and on to substations. Delivering a better customer experience TE technology will be the foundation of tomorrow's smart cities, in which people can track public transit with smart phonesTE factories around the world are becoming more digital as the company embraces the Industry 4.0 revolution to increase productivity and deliver a better customer experience. The sensors and connectors created in these factories are integral in embedding the Internet of Things into our daily lives as the bridge between hardware and software. And TE's engineers work with customers, large and small, to help explore efficiencies and design solutions these partners might not have considered on their own. TE believes that more possibilities reveal themselves as the world becomes more connected. TE technology will be the foundation of tomorrow's smart cities, in which people can track public transit with their smart phones, cars will make safer and faster decisions than human drivers and high-speed rail systems will get people where they need to go more efficiently. TE employees strive to build deep connections with the communities in which they live and work through charitable outreach. In the past year, employees recorded 36,000 volunteer hours and more than $5 million was donated to 1,500 non-profits in more than 100 communities around the world by TE and the TE Connectivity Foundation.
TE Connectivity Ltd., a connectivity and sensor solutions company, has been named a 2017 Top 100 Global Innovator by Clarivate Analytics. The annual report highlights the most successful organisations in the world that are active in innovation through research and development, protection of their IP and the achievement of commercial success. This is the seventh consecutive year TE has been recognised. "Innovation is at the heart of our culture and our company values, so we are proud to be recognised as a global innovator for the seventh straight year," said CEO Terrence Curtin. "We continually challenge ourselves to develop new and improved technologies for our customers and to drive the innovation that creates a safer, sustainable, productive and connected future." TE Connectivity technologies TE Connectivity helps customers in nearly 150 countries create the technology of tomorrow in industries including transportation, industrial applications, medical technology, energy, data communications, and home appliances. The company has more than 7,000 global engineers, over 14,000 patents and approximately $650 million invested into R&D and engineering annually. The 2017 Top 100 Global Innovators report honors the most innovative corporations and institutions in the world as determined by analysing proprietary data including patent volume, patent-grant success rates, global reach and invention influence.
TE Connectivity Ltd., a globally renowned firm in connectivity and sensor solutions, has been named in FORTUNE magazine's 2018 List of World's Most Admired Companies. This is the first time TE has made the list. The annual survey, conducted by FORTUNE and the Hay Group, is given to top executives, directors and financial analysts, to identify the companies that enjoy the strongest reputations among their peers and across industries. TE was ranked #4 in the electronics industry. Innovation drives the company culture "We are honored to be recognised as one of FORTUNE's World's Most Admired Companies," said CEO Terrence Curtin. "This achievement is a reflection on the dedication of our leadership team, our 78,000 employees across the globe, and our deep commitment to our values and purpose – to create a safer, sustainable, productive and connected future." Curtin adds, "At TE, we take great pride in what we do, and how our teams and technologies help drive the world forward. This acknowledgement affirms the impact that we're making on a global scale for our customers, investors and employees." TE Connectivity helps customers in nearly 150 countries create the technology of tomorrow in industries, including transportation, industrial applications, medical technology, energy, data communications, and home appliances. With over 7,000+ engineers, 14,000+ patents and approximately $650 million invested into R&D and engineering annually, innovation drives the company culture. World's Most Ethical Companies In addition to this most recent recognition by FORTUNE, TE has been named to the Dow Jones Sustainability North America list for six consecutive years and is recognised as one of Ethisphere's World's Most Ethical Companies. TE is also recognized as a top 100 global innovator by Clarivate Analytics, one of China's 50 Most Innovative Companies by Fast Company China, one of America's Best Employers by Forbes magazine, and a Best Place to Work for LGBTQ Equality in the U.S. and Mexico by the Human Rights Campaign.
Lynch to serve as TE's CEO until the transition to Curtin, after which he will continue as Executive Chairman of the Board TE Connectivity announced that its Board of Directors has appointed Terrence Curtin to succeed Tom Lynch as the company's chief executive officer, effective March 9, 2017. Curtin was previously elected to TE Connectivity's (TE) Board of Directors at the company's annual general meeting held on March 2, 2016 and is currently TE's president. Lynch has served as the company's Chief Executive Officer since January 2006 and was elected to Chairman of the Board in January 2013. He led the transition of TE Connectivity from a former electronics segment of Tyco International to a separate and independent public company. Lynch will serve as the company's CEO until the transition to Curtin on March 9, 2017. Upon transition, Lynch will continue as Executive Chairman of the Board. Smooth transition and future plans "These are exciting times for TE, and we have never been better positioned to capitalise on the strong underlying trends of a safer, greener, smarter and more connected world," said Lynch. “I have loved being CEO of this company for the past decade, and I'm very happy that Terrence is succeeding me. He is the ideal person to continue leading the company into the future. Terrence has been instrumental in establishing TE's global leadership position in connectivity and sensor solutions and strengthening the company's financial performance to drive value for our shareholders. We have prepared Terrence for this role over several years and expect a seamless transition." "I appreciate the confidence of the Board and I am excited about the opportunity to lead TE into its next phase, building upon our strategy, attractive business model and commitment to value creation for shareholders. We've made strong progress in focusing on harsh environment applications and established TE as the clear leader in connectivity and sensor solutions. I look forward to working with the 72,000 TE employees around the globe who help our customers solve complex challenges for an increasingly connected world," said Curtin. "The Board is confident he will continue to build on TE's strong foundation and success going forward" Dr. Pierre R. Brondeau, the independent lead director of TE's Board of Directors said, "Terrence's appointment to CEO demonstrates TE's commitment to leadership development and the company's strong succession planning process. Terrence has been at TE Connectivity for more than 15 years, is a proven leader and has held several executive leadership roles at TE. The Board is confident he will continue to build on TE's strong foundation and success going forward." About Terrence Curtin Curtin was appointed president of TE Connectivity in March 2015 and elected to the Board of Directors in March 2016. In his role as president, Curtin has responsibility for all of the company's connectivity and sensor businesses, as well as mergers and acquisition activities. Prior to his current role, Curtin served as president of TE's Industrial Solutions segment. Prior to that, from 2006 to 2012, he served as executive vice president and chief financial officer of TE and led the financial aspects of the company's separation from Tyco International. Prior to TE, Curtin was the vice president and controller of the Electronics segment of Tyco International from 2001 to 2006. He holds a Bachelor's of Science degree in Accounting from Albright College and is a member of its Board of Trustees. 2016 full-year financial results The company will report fiscal 2016 full-year financial results before trading begins on November 2, 2016. The company will hold a conference call for investors at 8:30 a.m. ET. The call can be accessed in the following ways: At TE Connectivity's website: investors.te.com. By telephone: For both "listen-only" participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (800) 230-1059, and for international callers, the dial-in number is (612) 332-0107. An audio replay of the conference call will be available beginning at 10:30 a.m. ET on November 2, 2016, and ending at 11:59 p.m. ET on November 9, 2016. The dial-in number for participants in the United States is (800) 475-6701. For participants outside the United States, the dial-in number is (320) 365-3844. The replay access code for all callers is 403245.