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Matrikon, Inc. News
| Matrikon Announces Resignation of Shafin Kanji, Executive Vice President of Operations | ||
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Edmonton, Alberta – January 23, 2006 - Matrikon Inc. (TSX:MTK) today announced that executive vice president of operations Shafin U. Kanji has resigned effective January 31, 2006 to accept the president and chief executive officer position at JER Envirotech International Corp. (TSX-V: JER). Shafin, who joined Matrikon as chief financial officer in 1999, was instrumental in Matrikon’s early development as a public company. In October 2004, Shafin became executive vice president of operations where his financial background was integral to developing systems and processes to improve the financial efficiency of Matrikon’s professional services organization. Significant progress has been made in this effort as evidenced by record gross margins and average daily rate improvements over the past year. “We recognize the contribution Shafin has made to Matrikon’s growth and development and we wish him well,” said Amin Rawji, president and chief executive officer of Matrikon. “The systems, processes and, more critically, the people are in place to continue our growth and execute our strategy.” “It is difficult to leave the Matrikon family, however, I am excited about this new opportunity and look forward to the new challenges it will entail,” said Shafin. “I am confident that Matrikon is in good hands and remains well positioned for continued growth.” As the necessary financial processes are now in place within the professional services organization, Matrikon plans to fill this position through the internal promotion of an individual with operations and technical experience in order to shift the focus to growing the services business within our key industries. About Matrikon Matrikon is a leading provider of industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's 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 process industries, Matrikon's reach is global. |
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