MINNEAPOLIS – July 28, 2010 – FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced the appointment of Jordan W. Graham as Executive Vice President for Scores and President of FICO Consumer Services. Graham will report to CEO Mark Greene and direct the growth of the company’s FICO® scores and myFICO® businesses.
Graham comes to FICO with an extensive background in building technology-based businesses in the banking, insurance and healthcare industries. Graham was previously with Citigroup where, for the past three years, he was the Managing Director and Head of North America Business Development for the Global Transaction Services division. In this position, Graham was responsible for creating new revenue streams through indirect channels, acquisitions, and strategic partnerships.
Graham brings a wealth of web-based expertise to FICO from both his work at Cisco and Match.com. At Cisco, he was Managing Director and Global Head of the Financial Services Strategy Consulting Practice in the Internet Business Solutions Group. During his tenure as President and CEO of Match.com, he was instrumental in establishing and growing one of the premier online consumer brands. Graham has also served as President and CEO of Tristar Market Data, and held senior market-facing global roles at Sun Microsystems. Currently he serves on the Board of Directors of RLI Corp, a NYSE-listed property and casualty insurer.
“Jordan is a seasoned executive with strong experience serving both lenders and consumers,” said Mark Greene, FICO CEO. “We expect him to make meaningful contributions to our business as a member of the FICO executive team and create value not only for credit grantors but for the American public, who are increasingly interested in understanding how their FICO Scores can help them improve their financial future.”
“With its FICO Scores acting as the standard measure of US consumer credit risk, FICO has a unique position at the intersection of Main Street and Wall Street,” said Jordan Graham. “What excites me most about this role is the opportunity for credit analytics and credit understanding to enable economic growth. The innovation coming out of the Scores business right now can have a transformative effect, much as the FICO Score has had over the past 20 years.”
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 last quarterly report on Form 10-Q for the period ended March 31, 2010. 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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