New CFO for FICO

Silicon Valley-based predictive analytics software firm FICO - formerly known as the Fair Isaac Corporation - has appointed Michael McLaughlin as Chief Financial Officer, replacing Mike Pung who is retiring.

McLaughlin will join on August 3rd and Pung will remain with the company until December 31st, to ensure a smooth handover.

Founded in 1956, FICO uses big data and maths to predict consumer behavior, and its analytics software and tools are used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet government regulations.

McLaughlin will join after serving as MD and Head of Technology Corporate Finance at Morgan Stanley, where he has worked for the past twelve years. During his 26-year investment banking career - additionally at BofA Securities, UBS Investment Bank and Montgomery Securities - he has advised financial services and real estate companies on a wide range of strategic and financial issues.

Pung is retiring after fifteen years at FICO. CEO Will Lansing comments: 'Michael brings us a wealth of leadership experience at the intersection of financial services and technology, which is FICO's sweet spot. The Board and our leadership team are excited about this strategic appointment. I would also like to thank Mike Pung for his leadership and stewardship over the past fifteen years. We wish him well as he transitions to a new phase in his life'.

Web site: www.fico.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.