SAN JOSE, Calif., June 24, 2019 /PRNewswire/ -- Global
analytics software company FICO announced today it has
appointed Michael McLaughlin as the
company's new chief financial officer. McLaughlin, who starts
August 3, replaces outgoing CFO
Mike Pung, who announced his
retirement in January 2019. Pung will
help facilitate a smooth transition and will remain with the
company until December 31, 2019.
McLaughlin leaves a position as managing director and head of
technology corporate finance at Morgan Stanley, where he has worked
for the past 12 years. During his 26-year investment banking
career, McLaughlin has advised leading technology, financial
services and real estate companies on a wide range of strategic and
financial topics. He holds degrees from Stanford University and the Yale School of
Management.
"Michael brings us a wealth of leadership experience at the
intersection of financial services and technology, which is FICO's
sweet spot," said Will Lansing,
FICO's chief executive officer. "The board and our leadership team
are excited about this strategic appointment. I would also like to
thank Mike Pung for his leadership
and stewardship over the past 15 years. We wish him well as he
transitions to a new phase in his life."
"FICO's industry-leading suite of analytics and decision support
tools, combined with its trusted brand and global customer base,
uniquely positions the company to drive tremendous value creation
in the years ahead," said McLaughlin. "FICO has been a phenomenal
success story over the last several years, and I am excited to join
this exceptional team."
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956 and based in
Silicon Valley, the company is a pioneer in the use of predictive
analytics and data science to improve operational decisions. FICO
holds more than 190 U.S. and foreign patents on technologies that
increase profitability, customer satisfaction and growth for
businesses in financial services, telecommunications, health care,
retail and many other industries. Using FICO solutions, businesses
in more than 100 countries do everything from protecting 2.6
billion payment cards from fraud, to helping people get credit, to
ensuring that millions of airplanes and rental cars are in the
right place at the right time. Learn more at http://www.fico.com.
Join the conversation at https://twitter.com/fico &
http://www.fico.com/en/blogs/.
For FICO news and media resources, visit www.fico.com/news.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the
statements contained in this news release that relate to FICO or
its business are forward-looking statements within the meaning of
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially, including the success of the Company's Decision
Management strategy and reengineering plan, the maintenance of its
existing relationships and ability to create new relationships with
customers and key alliance partners, its ability to continue to
develop new and enhanced products and services, its ability to
recruit and retain key technical and managerial personnel,
competition, regulatory changes applicable to the use of consumer
credit and other data, the failure to realize the anticipated
benefits of any acquisitions, continuing material adverse
developments in global economic conditions, and other risks
described from time to time in FICO's SEC reports, including its
Annual Report on Form 10-K for the year ended September 30, 2018. If any of these risks or
uncertainties materializes, FICO's results could differ materially
from its expectations. FICO disclaims any intent or obligation to
update these forward-looking statements.
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SOURCE FICO