FARO Names Keith Bair Interim CFO
July 25 2006 - 8:50AM
PR Newswire (US)
LAKE MARY, Fla., July 25 /PRNewswire-FirstCall/ -- FARO
Technologies, Inc. (NASDAQ:FARO) today named Keith S. Bair Interim
Chief Financial Officer ("CFO"), replacing Barbara R. Smith who is
leaving the company to assume a position with another company. Bair
joined FARO in March of 2006 as Director of Accounting. Prior to
joining FARO, Bair was Vice President of Finance and Controller at
Xytrans, Inc. He also served as CFO and Controller of Stromberg,
LLC, Controller at both Gencor Industries and Arrow International
and as a Staff Accountant in the Division of Corporation Finance
with the U.S. Securities and Exchange Commission. Bair has an MBA
and a bachelor's degree in accounting from Lehigh University in
Bethlehem, PA, is a CPA and also served in the United States Navy.
Bair will be transitioning into the role over the next two weeks
and will fully assume responsibility as Interim CFO on August 5,
2006. It is expected he will serve in the role until the Company's
management completes its search for a permanent CFO. The Company
also announced today that it expects to release its financial
results for its second quarter ended July 1, 2006 on August 3,
2006. In conjunction with its second quarter release, the Company
will hold its earnings conference call that will be broadcast live
over the internet on August 4, 2006 at 11:00AM. Details for the
conference call will be provided in a separate announcement. About
FARO With approximately 12,500 installations and 5,500 customers
globally, FARO Technologies, Inc. (NASDAQ:FARO) and its
international subsidiaries design, develop, and market software and
portable, computerized measurement devices. The Company's products
allow manufacturers to perform 3-D inspections of parts and
assemblies on the shop floor. This helps eliminate manufacturing
errors, and thereby increases productivity and profitability for a
variety of industries in FARO's worldwide customer base. Principal
products include the Platinum, Titanium, Advantage, and Digital
Template FaroArms; the FARO Gage, Gage-PLUS and PowerGAGE; the FARO
Laser ScanArm; the FARO Laser Tracker X and Xi; the FARO Laser
Scanner LS; and the CAM2 family of advanced CAD-based measurement
and reporting software. FARO Technologies is ISO-9001:2000
certified, and accredited to ISO-17025 Calibration Laboratory
Standard. DATASOURCE: FARO Technologies, Inc. CONTACT: Darrin
Sahler, Global Public Relations Manager, FARO Technologies, Inc.,
+1-407-333-9911 Web site: http://www.faro.com/
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