ADT Names Derrick Dicoi Senior Vice President and Chief Strategy Officer

Rhea-AI Summary

ADT has appointed Derrick Dicoi as Senior Vice President and Chief Strategy Officer, effective immediately. Dicoi, formerly with Comcast's Xfinity Home, will oversee long-term strategic planning and execution, reporting to CFO Jeff Likosar. His focus will be on enhancing competitive advantages and fostering innovation in smart home security, IoT, and artificial intelligence. Dicoi holds an MBA from Columbia Business School and has significant experience in leadership roles across various sectors.

Positive

• Derrick Dicoi's appointment is expected to strengthen ADT's strategic planning and execution.
• Dicoi's background in leadership positions may enhance innovation in ADT's offerings.

Negative

• None.

Former Comcast Xfinity Home Executive Joins to Strengthen Company-Wide Strategic Planning and Execution

BOCA RATON, Fla., Oct. 21, 2020 (GLOBE NEWSWIRE) -- ADT (NYSE: ADT), a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today named Derrick Dicoi as Senior Vice President and Chief Strategy Officer, effective immediately. In this role, Dicoi will be responsible for leading ADT’s long and intermediate-term strategic planning and execution. Dicoi will report to Jeff Likosar, Executive Vice President and Chief Financial Officer. 

Dicoi joins ADT from the Comcast Corporation, where he served as Vice President and General Manager of Xfinity Home. Throughout his career, Dicoi held leadership roles at TE Connectivity (formerly Tyco Electronics) and Deloitte Consulting.

“Derrick brings a strong strategic and analytical mindset and fresh perspective to the role, where he’ll work to help define the ADT of the future, strengthen our competitive differentiators, and execute our top objectives,” said Likosar. “His proven track record of leadership and strategic transformations will help us continue to lead our industry, provide peace of mind to our customers, and accelerate the next generation of smart home security offerings.”

“I’m thrilled to join ADT during a period of rapid expansion, evolution, and outreach into cutting-edge sectors,” said Dicoi. “Continuing to drive innovation in our core security services while deepening our presence in fields such as IoT, smart home, and artificial intelligence is going to be a dynamic and exciting endeavor.”  

Dicoi earned an M.B.A. from Columbia Business School, M.S. from Syracuse University, and B.A. from Michigan State University.

About ADT

ADT is a leading provider of security, automation, and smart home solutions serving consumer and business customers through more than 300 locations, 9 owned and operated monitoring centers, and the largest network of security professionals in the United States. The company offers many ways to help protect customers by delivering lifestyle-driven solutions via professionally installed, do-it-yourself, mobile, and digital-based offerings for residential, small business, and larger commercial customers. For more information, please visit www.adt.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

Contact:
ADT Media
Paul Wiseman
paulwiseman@adt.com

FAQ

Who has been appointed as Chief Strategy Officer at ADT?

Derrick Dicoi has been appointed as the Chief Strategy Officer at ADT.

What is Derrick Dicoi's previous experience before joining ADT?

Before joining ADT, Derrick Dicoi served as Vice President and General Manager of Xfinity Home at Comcast.

What are Derrick Dicoi's responsibilities at ADT?

Dicoi will lead ADT's long and intermediate-term strategic planning and execution.

What educational qualifications does Derrick Dicoi have?

Derrick Dicoi holds an MBA from Columbia Business School, an MS from Syracuse University, and a BA from Michigan State University.