Retiring on April 30, 2007
SANTA ANA, Calif., March 29 /-/ -- MSC.Software Corporation (Nasdaq: MSCS), the leading global provider of enterprise simulation solutions including simulation software and services, announced today the appointment of Sam Auriemma as the Company's Executive Vice President and Chief Financial Officer (CFO). MSC's former CFO, John Laskey, will retire from the position he has held since October 2004.
Mr. Auriemma is a financial executive with broad accounting experience within the technology industry, including software and services companies. During his career, he has served as CFO for five different companies, ranging in size from $35 million to $500 million. He was most recently Executive Vice President and CFO of FileNet Corporation, which was acquired by IBM in October 2006. Prior to FileNet he was Executive Vice President and CFO for Wonderware Corporation. Prior to Wonderware he was CFO at Locus Computing, Distributed Logic and Applied Circuit Technology.
"Sam is a seasoned software industry veteran whose career has spanned both private and public companies, where he successfully built the financial infrastructures necessary to support growth," said Bill Weyand, CEO and Chairman of MSC.Software. "Sam is a financial leader with an established track record in improving company performance and shareholder value, as evidenced by his career successes at FileNet and Wonderware. Sam's expertise in accounting and controls, SEC reporting, SOX compliance, tax and international finance as well as acquisitions will serve us well as we position MSC for continuous improvement in financial performance in 2007 and beyond.
"John Laskey came out of retirement in late 2004 to guide MSC through a major accounting restatement process and an SEC investigation. Under his tenure we became current with our SEC filings as well as being listed on NASDAQ. I wish to thank John Laskey for his tremendous efforts over the last two and a half years in helping us achieve our goals and wish him well in his retirement," added Mr. Weyand.
Mr. Auriemma will begin his tenure at MSC on April 16, 2007, and Mr. Laskey will remain with the Company until the end of April and assist in the CFO transition. Beginning May 1, 2007, Mr. Laskey will become a consultant to the Company under a consulting agreement that runs until the end of this calendar year.
About MSC.Software Corporation
MSC.Software Corporation (Nasdaq: MSCS) is a leading global provider of enterprise simulation solutions, including simulation software and services that help companies make money, save time and reduce costs associated with designing and testing manufactured products. MSC.Software works with thousands of companies in hundreds of industries to develop better products faster by utilizing information technology, software and services. MSC.Software employs more than 1100 people in 23 countries. For additional information about MSC.Software's products and services, please visit http://www.mscsoftware.com.
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