FARO Appoint New CFO

FARO has announced that Allen Muhich has been appointed Chief Financial Officer of the Company, effective July 26, 2019.  Mr. Muhichjoins FARO from Electro Scientific Industries (ESIO), where he served as Chief Financial Officer and worked together with Michael Burger, FARO’s President and CEO.

“I am pleased to welcome Allen to FARO to continue a highly successful working partnership that we have shared for several years,” stated Michael Burger, FARO’s President and CEO.  “Allen is a seasoned financial executive with an impressive track record in leading a global financial function in a complex, customer-focused industrial technology business.  I am looking forward to once again working closely with Allen as we enter an exciting new chapter for FARO.”

Mr. Muhich will lead FARO’s financial operations, regional finance teams and investor relations.  He will report directly to Mr. Burger.

Mr. Muhich brings to FARO nearly 30 years of experience as a global financial executive in the industrial technology sector.  Mr. Muhich was previously Chief Financial Officer of Electro Scientific Industries, Inc., a leading supplier of innovative laser-based microfabrication solutions for industries reliant on microtechnologies, ID Experts, a provider of identity protection services, Smarsh, Inc., a provider of cloud-based archiving solutions, and Radisys Corporation, a leading provider of open telecom solutions.  Mr. Muhichwas also Vice President of Finance and Corporate Controller at Merix Corporation, a global manufacturer of printed circuit boards.  Prior to that Mr. Muhich spent 15 years in financial management in the office printing business at Tektronix, Inc. and Xerox Corporation.  Mr. Muhich holds a B.A. degree in Accounting from Western Washington University.

Mr. Muhich will succeed Robert Seidel, who has served as FARO’s Chief Financial Officer since December 2016 and who will continue to serve as Chief Financial Officer of the Company until July 25, 2019 and then will continue as a FARO employee for a transition period. “Bob’s commitment to FARO has been unwavering and vital to everything FARO has achieved during the time he served as CFO,” said John Donofrio, FARO’s Chairman of the Board of Directors. “We are deeply appreciative of all Mr. Seidel has done to help lead a complex transformation of the company to a vertical-focused organization and in laying the foundation for continued improvement in our operational efficiency, particularly our gross margin improvement during his tenure.  FARO has benefited from Bob’s leadership and dedication and we wish him well.”

For more information: www.faro.com

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