Terry Sutter assumed the top spot at Tyco Plastics & Adhesives in March 2003, with responsibility for restructuring and running that company's plastic film, molded products, adhesives and laminates business units.
The Princeton, N.J.-based firm, part of Bermuda-based Tyco International Ltd., generated about $2 billion in 2003 revenues and employs approximately 10,000 in 19 countries. The firm's plastics operations alone – including its Tyco Plastics and A&E Products units – employ about 6,500 and generate annual revenues of roughly $1.3 billion.
Tyco is the third-largest plastic film producer in North America, according to Plastics News estimates, and the leading U.S. maker of trash bags, under the Ruffies and Rhino-X brand names. Tyco Plastics also is the world's largest maker of injection molded plastic garment hangers (making 4 billion per year), and a significant molder of plastic tableware.
Sutter joined Tyco from Cytec Industries, where he headed the specialty chemicals division. Prior to joining Cytec, he served as president of Honeywell/Allied Signal Inc.'s $1.5 billion Industry Solutions unit. While at Honeywell/Allied Signal, Sutter also served as vice president and general manager of fluorine products and VP of marketing and business development. Sutter also spent eight years at Morton International in its Adhesives & Specialty Polymers Group, most recently serving as the business manager of the thermoplastic polyurethanes division. Prior to that, he worked for two years as a research engineer at Pennzoil Products.
Sutter holds an M.B.A. degree from the University of Chicago, an M.S. in chemical engineering from Texas A&M University, and a B.S. in chemical engineering from the University of Missouri.