Edmonton, AB - October 13, 2004Matrikon Inc. (TSX:MTK) is pleased to announce several changes to its senior management team that will position the company to achieve growth objectives aligned with its long term strategy. The changes also address critical areas of concern - profitability within Matrikon's service business and building a strong human resources infrastructure.§ Shafin U. Kanji has been appointed to the newly created position of Executive Vice President of Operations.
Shafin's experience as Matrikon's Chief Financial Officer and a member of the senior management team makes him well suited for this new role. Shafin will be responsible for overseeing Matrikon's services business, ensuring overall services profitability and growth effective November 1, 2004.§ Nimal Rodrigo has joined Matrikon and will become Chief Financial Officer effective November 1, 2004, pending TSX and board approval. Nimal is a veteran financial executive in the software industry with a successful track record of strategic financial management, acquisitions and business integration.
Most recently, Nimal served as Chief Financial Officer and Vice President Finance of Intuit Canada Limited, a market leading financial software company, and as Director of Finance of Intuit's UK operations. § Floyd Bjorgan returns to the head office as Vice President Human Resources and Administration. Floyd most recently served as the Managing Director of Matrikon's Australian operations. Floyd's focus will be on maintaining a strong culture as Matrikon grows, both geographically and in size.§ Sam Crisafulli has assumed the role of Managing Director for Australian operations.
Sam brings a wealth of experience to this position, having held senior positions within Hunter Control as well as UNAC, both of which now form part of Matrikon's operations in Australia." With these changes we have solidified our senior management team, are well-positioned to reach our targets and to grow Matrikon to the next level," said Nizar J. Somji, President and Chief Executive Officer. About Matrikon Inc. Matrikon is a leading provider of technology that delivers solutions for industrial agility and, through innovation, is shaping the future of industrial plants.
Our technology enables plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Our customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time.With offices in major cities throughout North America, Australia, Europe and the Middle East and a global client base including industry leaders in a wide range of manufacturing and process industries, Matrikon's reach is global.
