MINNEAPOLIS—November 18, 2010—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Michael J. Pung has been appointed to the role of senior vice president and chief financial officer. Pung replaces Thomas A. Bradley, who is retiring after serving as CFO since April 2009.
Pung joined FICO in 2004 as vice president, finance and currently serves as both the company’s chief accounting officer and head of investor relations. He has nearly 20 years of financial leadership experience in both entrepreneurial and Fortune 500 companies, including Hubbard Broadcasting, Inc., US Satellite Broadcasting and Deluxe Corporation. In addition, Mr. Pung served as an audit manager with Deloitte & Touche.
“Mike is an accomplished executive with a track record of solid performance across all the major finance, accounting and investor relations functions,” said Mark Greene, chief executive officer at FICO. “We’ve continually expanded the breadth of Mike’s executive role over the past six years and I’ve been impressed with how he has stepped up in each case. I’d like to thank Tom for his contributions over the past two years, including his efforts to prepare Mike for this important role. I’m confident Mike will deliver a great deal of value and leadership as our next CFO.”
FICO™ (NYSE:FICO) transforms business by making every decision count. FICO’s Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the www.myFICO.com website.
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 initiative, 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, 2009, and its subsequent quarterly reports on Form 10-Q. 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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