LAKE MARY, Fla., March 11, 2016 /PRNewswire/ -- FARO
Technologies, Inc. (NASDAQ: FARO), the world's most trusted source
for 3D measurement, imaging, and realization technology, announces
that the Company and Laura A.
Murphy-Wolf have mutually agreed that Ms. Murphy-Wolf will
resign from her position as the Company's Senior Vice President and
Chief Financial Officer, effective immediately, to pursue other
business and personal interests. The mutual decision for Ms.
Murphy-Wolf to resign was not related to any disagreement between
Ms. Murphy-Wolf and the Company relating to the Company's financial
reporting or condition, policies or practices.
The Company does not intend to appoint a new Chief Financial
Officer until a permanent Chief Executive Officer has been
appointed. In the interim, the Company's Finance team will be
jointly led by Robert Seidel, who
has been appointed Vice President, Finance and Investor Relations,
and Janet D'Anjou, Vice President and Corporate Controller.
Mr. Seidel will serve as the Company's interim principal financial
officer and will be the primary financial officer contact for the
Company's investors and analysts. Ms. D'Anjou will serve as the
Company's interim principal accounting officer.
Mr. Seidel, age 41, currently serves as Vice President Finance
and Investor Relations of the Company. Mr. Seidel previously
held the positions of Vice President, Americas Finance and
Accounting from November 2015 to
March 2016, Vice President, Corporate
FP&A and Americas Finance from March
2015 to November 2015, and
Director, Corporate Financial Planning and Analysis from
May 2014 to March 2015. Prior
to joining the Company, Mr. Seidel was employed at Trinseo SA, a
global materials company, serving as Global Finance Manager for its
latex chemicals segment from 2011-2014. Previously, Mr.
Seidel served as Plant Controller at Anheuser-Busch InBev from
2006-2010. He holds a B.S. degree in Mechanical Engineering
from Stanford University and MBA from
Cornell's Johnson School.
Ms. D'Anjou, age 40, has served as Vice President and
Corporate Controller of the Company since May 2014. Prior to
joining the Company, Ms. D'Anjou was employed
at Tupperware Brands Corporation as Director, Financial
Reporting (U.S. and Canada Operating Unit) from 2011 to May
2014 and as Director, External Reporting/Assistant Controller
from 2007 to 2011. Previously, Ms. D'Anjou was a
technical accounting manager at Itron, Inc. from 2006 to
2007. Ms. D'Anjou began her career at BDO Seidman
LLP, where she served from 1997 to 2006 in roles of increasing
responsibility. Ms. D'Anjou has over 15 years of
financial reporting/controller experience. Ms. D'Anjou holds a
B.A. degree in Business Administration and Accounting
from Washington State University and is a Certified
Public Accountant.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act
of 1995 that are subject to risks and uncertainties, such as
statements about demand for and customer acceptance of
FARO's products, and FARO's product development and product
launches. Statements that are not historical facts or that
describe the Company's plans, objectives, projections,
expectations, assumptions, strategies, or goals are
forward-looking statements. In addition, words such as "is,"
"intend," "will" and similar expressions or discussions of
FARO's plans or other intentions identify forward-looking
statements. Forward-looking statements are not guarantees of
future performance and are subject to various known and unknown
risks, uncertainties, and other factors that may cause
actual results, performances, or achievements to differ materially
from future results, performances, or achievements expressed
or implied by such forward-looking statements. Consequently, undue
reliance should not be placed on these forward-looking
statements.
Factors that could cause actual results to differ materially
from what is expressed or forecasted in such forward-looking
statements include, but are not limited to:
- The loss of the Company's Chief Executive Officer or other
key personnel; and
- other risks detailed in Part I, Item 1A. Risk Factors in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2015.
Forward-looking statements in this release represent the
Company's judgment as of the date of this release. The
Company undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new
information, future events, or otherwise, unless otherwise required
by law.
About FARO
FARO is the world's most trusted source for 3D measurement,
imaging and realization technology. The Company develops and
markets computer-aided measurement and imaging devices and
software. Technology from FARO permits high-precision 3D
measurement, imaging and comparison of parts and complex structures
within production and quality assurance processes. The devices are
used for inspecting components and assemblies, rapid prototyping,
documenting large volume spaces or structures in 3D, surveying and
construction, as well as for investigation and reconstruction of
accident sites or crime scenes.
The Company's global headquarters is located in Lake Mary, FL; its European regional
headquarters in Stuttgart,
Germany; and its Asia/Pacific regional headquarters in
Singapore. FARO has other offices
in the United States, Canada, Mexico, Brazil, Germany, the United
Kingdom, France,
Spain, Italy, Poland, Turkey, the
Netherlands, Switzerland,
Portugal, India, China,
Malaysia, Vietnam, Thailand, South
Korea, and Japan.
More information is available at http://www.faro.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/faro-announces-resignation-of-laura-a-murphy-wolf-as-chief-financial-officer-and-appointment-of-robert-seidel-as-vice-president-finance-and-investor-relations-300234712.html
SOURCE FARO Technologies, Inc.