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EX-10.3 - AMENDED AND RESTATED EMPLOYMENT AGREEMENT - FARO TECHNOLOGIES INC | d165695dex103.htm |
EX-10.1 - AMENDED AND RESTATED EMPLOYMENT AGREEMENT - FARO TECHNOLOGIES INC | d165695dex101.htm |
EX-10.2 - EMPLOYMENT AGREEMENT - FARO TECHNOLOGIES INC | d165695dex102.htm |
8-K - FORM 8-K - FARO TECHNOLOGIES INC | d165695d8k.htm |
Exhibit 99.1
FARO Announces Appointment of Chief Operating Officer and Chief Commercial Officer
Lake Mary, FL April 26, 2016 - FARO Technologies, Inc. (NASDAQ:FARO), the worlds most trusted source for 3D measurement, imaging, and realization technology, today announced that Kathleen J. Hall has been promoted to Chief Operating Officer and Joe Arezone has been promoted to Chief Commercial Officer, effective immediately.
Ms. Hall will lead the Companys global operations teams, and will be focused initially on executing FAROs® renewal initiatives to drive global harmonization. She will be charged with transforming the Companys regional operating teams into a single, global operating platform in order to leverage operating efficiencies in line with the Companys long-term growth objectives.
Ms. Hall is an accomplished global business executive and brings a broad range of business management and functional experience to her new position. Kathleen has served as the Senior Vice President, Managing Director of the Americas region since July 2013. Prior to joining FARO, Ms. Hall served as Vice President & General Manager at Avery Dennison from November 2008 to October 2012. From 1982 to 2008, Ms. Hall held roles of increasing responsibility at E.I. DuPont De Nemours & Company, ranging from operations and sourcing to sales, marketing and global business leadership. Ms. Hall holds a Bachelor of Science degree in Industrial Engineering from Lehigh University.
I am very pleased to announce Kathleen Halls promotion to the position of Chief Operating Officer, said Dr. Simon Raab, the Companys President and CEO. Kathleens remarkable track record of success since joining FARO and significant global operational experience will benefit FARO in her new position. As previously announced, we are undertaking several important initiatives to harmonize our global functions to improve operational efficiency. Kathleens leadership as COO will be instrumental in these efforts.
Mr. Arezone will be responsible for accelerating market-driven innovation, better leveraging FAROs sales organization through process modernization, developing sales strategies and training, and driving the corporate marketing function to enable future growth. Mr. Arezone has served as Senior Vice President, Managing Director for EMEA and Asia-Pacific since November 2014. He previously served as Senior Vice President, Managing Director for Asia Pacific from August 2009 to November 2014. Mr. Arezone holds a Bachelor of Science in Civil Engineering from The Ohio State University and a Master of Business Administration from Cleveland State University.
I am also pleased to announce Joe Arezones promotion to the position of Chief Commercial Officer of FARO, stated Dr. Raab. During his extensive career at FARO, Joe has consistently demonstrated his ability to lead and improve sales performance and we will look to Joe to assume a global role in revitalizing FAROs growth performance.
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 FAROs products, and FAROs product development and product launches. Statements that are not historical facts or that describe the Companys 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 FAROs 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 Companys Chief Executive Officer or other key personnel; and |
| other risks detailed in Part I, Item 1A. Risk Factors in the Companys Annual Report on Form 10-K for the year ended December 31, 2015. |
Forward-looking statements in this release represent the Companys 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 worlds 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 Companys 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
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