March 16, 2009 (Minneapolis, Minnesota, USA) — FICO (NYSE:FIC), the leading provider of analytics and decision management technology, today announced that Thomas A. Bradley will join the company on April 6 as executive vice president and chief financial officer. Bradley replaces Charles M. Osborne, who is retiring from the company after serving as its CFO since 2004.
Bradley’s distinguished career in the financial services industry most recently involved leading North America Operations for Zurich Financial Services, a firm he joined in 2004 in the role of chief financial officer for North America. Before that, Bradley spent the latter half of six years with St. Paul Companies as executive vice president and chief financial officer. Bradley also served as vice president, finance and corporate controller at USF&G Corporation for five years prior to its acquisition by St. Paul Companies in 1998.
“Tom possesses an impressive breadth of leadership experience, both as a public company CFO and as an operating executive,” said Mark Greene, chief executive officer at FICO. “In addition to core technical skills, he brings with him a successful track record in operational planning and execution, coupled with a proven ability to drive strategic change. These competencies are vital to helping us maintain our focus and restoring the growth of our business. They’ll build nicely upon Chuck Osborne’s many contributions to the company over the past five years.”
“The opportunity to join FICO at this time, with its focused strategy and highly relevant decision management solutions, was too good to pass up,” commented Bradley. “I’m excited to be joining the leadership team and doing my part to help fulfill FICO’s potential.”
FICO™ (NYSE:FIC) 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. Learn more about FICO at www.fico.com.
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 plan, 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, 2008, and its last quarterly report on Form 10-Q for the period ended December 31, 2008. 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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