LAKE MARY, Fla., March 17,
2021 /PRNewswire/ -- FARO® (Nasdaq: FARO), a global
leader of 3D measurement, imaging, and realization solutions for
the 3D Metrology, AEC (Architecture, Engineering &
Construction), and Public Safety Analytics markets, today announces
changes to its Board of directors.
The Company is pleased to announce Mr. Jeroen van Rotterdam's appointment to its Board of
Directors.
Mr. van Rotterdam brings a
comprehensive background in multiple technologies, including cloud
development and security, with nearly 25 years of experience with
EMC Corporation, several startups, and most recently, Citrix
Systems.
"FARO is uniquely positioned to drive increased long-term
shareholder value through its extensive suite of 3D software
applications targeting customer solutions in the 3D Metrology, AEC,
and Public Safety and Analytic markets. FARO's ability to capture,
analyze and provide 3D data positions it well to increase the value
it realizes from its existing 15,000 customers," stated Board Chairman John Donofrio. "Jeroen's depth of experience is
highly relevant to FARO's strategy and complementary to our current
board composition."
Mr. van Rotterdam will be
included in the Company's slate of nominees for election to the
Board of Directors at the Company's 2021 annual stockholders
meeting.
Board of Director Departures
Effective the date of FARO's 2021 annual stockholders meeting,
Mr. John E. Caldwell will be
retiring from the FARO Board and Dr. Jeffrey A. Graves has chosen not to stand for
re-election.
"Mr. Caldwell has been a highly effective FARO board member
since 2002, providing valued leadership, insights and mentoring
throughout his tenure. Dr. Graves was appointed the Chief Executive
Officer of 3D Systems in May 2020,
and as a result, is limiting his involvement in outside
directorships," stated Mr.
Donofrio. "The Company thanks Mr.
Caldwell and Dr. Graves for their meaningful contributions.
They will be missed."
"As the Company executes its transformational strategy with an
emphasis on software-enabled solutions to drive long-term
competitive differentiation and increased customer value, board
renewal aligned with FARO's strategy will continue. We expect to
announce further additions to the Board over time," stated Mr.
Donofrio.
Forward-Looking Statements
This press release may include forward-looking
statements regarding anticipated demand for and customer acceptance
of FARO's products, product development and product launches,
growth and strategic initiatives. Such forward-looking statements
may be identified by the use of the following words (among others):
"believes," "expects," "may," "will," "plan," "should" or
"anticipates," or comparable words and their negatives. These
forward-looking statements are not guarantees but are subject to
risks and uncertainties that could cause actual results to differ
materially from the expectations contained in these statements. For
a discussion of such risks and uncertainties, see "Risk Factors" in
the Company's filings with the Securities and Exchange Commission,
including its most recent annual report on Form 10-K. FARO assumes
no obligation to update any forward-looking statements contained in
this press release in the event of changing circumstances or
otherwise, and such statements are current only as of the date they
are made.
Investor Contacts
FARO Technologies, Inc.
Allen Muhich, Chief Financial
Officer
+1
407-562-5005
IR@faro.com
Sapphire Investor Relations,
LLC
Michael Funari
or Erica Mannion
+1
617-542-6180
IR@faro.com
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SOURCE FARO