[January 24, 2005] Michael Labinski Becomes Mathsoft CFO; Finance veteran will advance company's Calculation Management vision through careful stewardship of financial affairs Tweet CAMBRIDGE, Mass. --(Business Wire)-- Jan. 24, 2005 -- Mathsoft, the leader in Calculation Management, today announced that Michael Labinski, a 10-year finance veteran, has been promoted to chief financial officer. Labinski, who assumes the CFO's finance and administration responsibilities from Mathsoft Chairman and CEO Chris Randles, is also taking over responsibility for operations and facilities. Labinski has served as Mathsoft's vice president of finance and administration, secretary and treasurer since March 2003, when he was promoted from a director's position with similar responsibilities. "Michael earned this promotion with outstanding performance in multiple roles," said Randles. "We couldn't have a better person overseeing our financial affairs externally and internally." Labinski's core responsibilities include developing and furthering relationships with company executives, the board of directors, banks, investors and key business partners, all while taking an active role in driving important activities such as forecasting, monitoring of key business metrics, and managing expenses. "My goal is helping the company any way I can to build on the growth and success we achieved in 2004," said Labinski. "We intend to carefully invest in people, programs and infrastructure this year and realize the company's Calculation Management vision for our customers throughout the world." Prior to joining Mathsoft, Labinski served as vice president of finance for Wash Depot Holdings, Inc., and as manager of financial reporting for Suburban Ostomy Supply Company, Inc. Labinski holds a master's degree in business administration from Northeastern University and a bachelor's degree in business administration from St. Bonaventure University. About Mathsoft Engineering & Education, Inc. Mathsoft Engineering & Education, Inc. pioneered Calculation Management solutions that protect engineering innovation, investments and intellectual capital while improving organizational efficiency and productivity. Mathsoft software is the internationally recognized standard for technical calculations and applying mathematics. Ninety percent of Fortune 1000 companies, 500 government agencies and 2,000 colleges and universities around the world use Mathsoft to capture the strategic value in their engineering calculations. More information on Cambridge, Mass.-based Mathsoft is available at www.mathsoft.com. [ Back To TMCnet.com's Homepage ]