ADT president Snyder leaves for Vonage

Thursday, February 16, 2006

BOCA RATON, Fla.--It has "yet to be determined" when a successor will be named to replace former ADT president Michael Snyder, whose sudden Feb. 8 departure from ADT to become chief executive officer for Internet phone company Vonage took the industry by surprise.
Snyder's move was a topic of conversation at the Feb. 8-11 Barnes, Buchanan & Mallon security conference that took place in nearby Palm Beach, said Jack Mallon of Mallon Associates.
"His resignation was sudden and unexpected. Snyder's been around for a long time and he's well respected," Mallon said. The general consensus at the conference was that Snyder's departure would be a "win-win move, a good opportunity for Snyder going forward and good for ADT," Mallon added.
Mallon predicted the new management lineup at ADT--which includes John Koch who joined the company as chief operating officer last month--combined with the recent spin off of Tyco's security division (Tyco is the parent company of ADT, see "Divvying up Tyco International" in the Feb. issue of Security Systems News.), would result in "more focus on that part of the company."
Snyder had been with the company for 28 years, and was in senior management during some major changes in ADT's dealer programs in the past few years.
Mallon noted that ADT, one of the country's big three residential security companies--along with Brinks and Protection One--"has been treading water lately, with a growth rate that was nominal."
Calls and an email to Vonage with request for comment from Snyder were unreturned at press time.
Ann Lindstrom, ADT director of corporate communications, gave Security Systems News a statement about Snyder confirming his resignation.
"Mike Snyder has resigned as president of ADT Worldwide and has accepted a position outside the electronic security industry. During his 28-year tenure at ADT, Mike has made significant contributions to the company and to Tyco Fire & Security. He leaves with ADT's best wishes for continued success. The recent announcement of John Koch as Chief Operating Officer of ADT North America, together with other strong managers, positions ADT well for continued future growth," the statement said.
Other managers include Tyco Fire & Security president Dave Robinson, who is "on board as well," Lindstrom said.