Tyco Electronics changing name to TE Connectivity

Tyco Electronics plans to change its name to TE Connectivity Ltd. The name change is subject to approval from the company's shareholders at their general meeting to be held March 9, 2011.

Chief executive officer Tom Lynch says the name change will "better reflect the products and solutions that we provide to our customers. In a world that is increasingly connected, we engineer a full range of connectivity solutions. From electronic connectors under the hood of a car, to fiber-optic cables under the sea, to high-voltage connections in energy systems, our products protect and connect the flow of data and power from origination to destination in the world's largest industries including automotive, telecommunications, energy, aerospace, industrial, white goods and consumer devices."

He added that many customers and employees already refer to the company by the initials "TE."