LAKE
MARY, Fla., Jan. 16,
2024 /PRNewswire/ -- FARO® (Nasdaq: FARO),
a global leader in 4D digital reality solutions, today announced
that Matthew Horwath has been
promoted to SVP & Chief Financial Officer from his current
position as Vice President of Finance at FARO, effective
immediately. Matthew succeeds Allen
Muhich, the Company's current Chief Financial Officer, who
will provide transition services to the Company through
April 1, 2024.
"After an extensive search of external and internal candidates,
it is clear that Matthew's in-depth understanding of FARO, unique
and experienced skillset, and keen ability to execute on priorities
make him the right person for the role," said Peter Lau, President & Chief Executive
Officer of FARO. "During his tenure with FARO, Matthew has overseen
every financial discipline and has demonstrated a passion for
business performance and improving operating results. I am very
excited to partner with Matthew as I build out the FARO leadership
team to accelerate the Company's near-term and long-term strategic
and financial goals. I would also like to thank Allen for his years
of service to FARO."
Mr. Horwath added, "Being promoted to the role of Chief
Financial Officer at FARO is an exciting opportunity, and I look
forward to working with Peter as we grow the business. Through
harnessing the power of digital reality solutions by seamlessly
blending the physical and virtual worlds, there is a tremendous
opportunity to create value for our customers by improving
operating efficiencies."
Since joining the Company in May
2017, Mr. Horwath has held the positions of Vice President
of Finance, Director of Finance & Accounting and Senior Manager
of Technical Accounting & SEC reporting. Before joining FARO,
Mr. Horwath's background included public accounting at Ernst &
Young LLP and corporate accounting positions at Winn-Dixie Stores,
Inc. Mr. Horwath is a licensed Certified Public Accountant in the
state of Florida and holds a
Master of Accountancy degree from the University of North Florida and a Bachelor of
Business Administration degree with a major in accounting from the
University of Central Florida.
About FARO
For 40 years, FARO has provided
industry-leading technology solutions that enable customers to
measure their world, and then use that data to make smarter
decisions faster. FARO continues to be a pioneer in bridging the
digital and physical worlds through data-driven reliable accuracy,
precision, and immediacy. For more information, visit
www.faro.com.
Forward-Looking Statements
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 the Company's expectations regarding its timing, plans and
agreements with certain of its executive officers. 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
"will," "expect" and "shall" or words of similar meaning or
discussions of the Company'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 nature, terms and timing
of the promotion and appointment of the Company's new SVP &
Chief Financial Officer, the transition of the current Chief
Financial Officer, and any unexpected developments in the
transition. Forward-looking statements in this Press Release
represent the Company's judgment as of the date hereof. 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.
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SOURCE FARO Technologies