FICO Announces CTO Succession

FICO

today announced several changes to the executive management team as part of its succession planning designed to accelerate growth and innovation. Effective immediately, Stuart Wells has been named executive vice-president and chief technology officer, succeeding Deborah Kerr, who will serve in a consultative capacity until her departure from the company at the end of the calendar year. Charlie Ill, executive vice-president for sales, services and marketing, has announced his intention to retire at the end of the current fiscal year. He will be succeeded by Mike Gordon, who is currently managing director for Europe, the Middle East and Africa, on October 1, 2012. Mr. Ill will remain with the company through February, 2013, in order to ensure a successful transition of responsibility. In addition to these changes, chief financial officer Mike Pung has been promoted to executive vice-president. And finally, as previously announced, James M. Wehmann joined the company earlier this month as executive vice-president responsible for the Scores business unit.