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Jeff Likosar Named ADT Chief Financial Officer

BOCA RATON, Fla., Nov. 01, 2016 (GLOBE NEWSWIRE) -- ADT today announced that Jeff Likosar has joined the company as its Chief Financial Officer. Likosar joins ADT from Gardner Denver, a private equity-backed provider of high-quality industrial equipment, technologies and services, where he served as the CFO. Reporting directly to ADT Chief Executive Officer Tim Whall, Likosar will be responsible for leading the company’s financial strategy to help drive profitable business growth, streamline integration efforts, and identify synergies as ADT and Protection 1 continue down the path toward full integration.

Previous to Gardner Denver, Jeff held various roles at Dell, including Vice President of Financial Planning and Analysis, and Vice President of Operations Finance. In his six years there, he improved and streamlined many components of the finance function, helped the company deliver record financial results, integrated more than 20 acquisitions, and managed key elements of a multibillion dollar take-private transaction.

Jeff began his career at GE in their Appliances business in Louisville, Kentucky. He soon became a leader in the organization and, throughout his 15-year tenure, he also held leadership roles in GE Plastics and GE Aircraft Engines, with a focus on driving operational execution, creative growth, cost control, cash management, controllership, and business restructurings, including the disposition of GE Plastics. His time at GE included assignments in various geographies including two roles outside the US.

“Jeff has a proven track record serving in financial leadership roles at both public and private-equity held companies with a keen focus on financial simplicity, accountability, growth, and controllership,” said Whall. “Under Jeff’s leadership, we will look to drive operational efficiencies and profitability for the organization as we continue to bring ADT and Protection 1 together. We are pleased to have him join our executive team.”

“ADT is a globally recognizable brand and clear leader in the industry, and I am honored to be joining the team,” said Likosar. “There is tremendous opportunity as we bring together these two great organizations. The company is financially strong, has a broad lineup of innovative solutions, and a talented management team that is passionate about taking care of the company’s nearly eight million customers daily. I look forward to making a meaningful contribution to the organization and serving its customers.”

Likosar holds his degree in Business Administration from the University of North Carolina at Chapel Hill, Kenan-Flagler Business School.

About ADT
ADT is a leading provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. Headquartered in Boca Raton, Florida, ADT, when combined with Protection 1, helps provide peace of mind to nearly eight million customers, and it employs approximately 20,000 people at 300 locations. More information is available at www.adt.com.

Media Contact Jason Shockley tel: +1 561.322.7235 jshockley@adt.com

Source:ADT LLC