While Mike Snyder is focusing on strategic growth initiatives, John will provide the leadership needed to continue to improve the day-to-day customer experience and operational efficiencies in ADT North America. We believe this is the structure needed to build on the power of the ADT brand.

I continue to question whether any of these initiatives are going to be accretive to shareholders, ... I don't see the revenue opportunity anytime in the near term.

Our goal is to continue to improve and to be competitive within the Sunflower League.

Our team is still hibernating. But if our guys can avoid getting down, I think we will continue to improve and will be competitive in the Western Slope League this season.

Someone once told me that, when your operations are not good, you should not talk strategy," says Iyer. "Fair enough. But the opposite is also true. If operations are good, then you must talk strategy.

Koch Industries' tremendous growth and success has been realized as a result of strong leadership and commitment from Charles Koch, Joe Moeller and many others who have contributed during the past 65 years. I am humbled by the confidence placed in me. With the help and advice of the many talented and experienced leaders within Koch companies, I hope to help continue the company's success into the future.