TOSHIBA AMERICA BUSINESS SOLUTIONS INC. APPOINTS MICHAEL TORCASO AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Torcaso Promoted to Manage Overall Financial Planning and Accounting at TABS
IRVINE , California ( Jun 06, 2007 ) :
Toshiba America Business Solutions Inc. (TABS) today announced the appointment of Michael Torcaso as vice president and chief financial officer effective immediately. As vice president and CFO, Torcaso will lead the financial planning and accounting functions at TABS, including all U.S. and Latin America subsidiary operations, and oversee leasing, internal and external audit coordination, treasury functions and Japan's Financial Instruments and Exchange Law (J-Sox).
“I’ve had the pleasure of working with Michael over the years and am confident that his appointment will help strengthen our financial strategy execution at TABS,” said Rick Taylor, president and chief executive officer, TABS. “Michael has been an instrumental part of our executive team for seven years and we are looking forward to his continued contributions to the TABS organization as its new CFO.”
Prior to his promotion, Torcaso served as vice president, Finance for TABS since 2004 and during his tenure at TABS, he managed the division financial planning and accounting including wholesale, manufacturing, retail and leasing aspects of the business. Torcaso joined TABS after several years of working for Toshiba America Information Systems Inc. (TAIS) as controller, PC Manufacturing. He previously worked for Rockwell International, Merrill Lynch and Arthur Young & Co. (now Ernst & Young). He is a certified public accountant with experience in public accounting, aerospace, semiconductor and technology. Torcaso holds a bachelor’s degree from California State Polytechnic University, Pomona.
About Toshiba America Business Solutions Inc.
Toshiba America Business Solutions Inc. (TABS) manages product planning, marketing, sales, service support and distribution of copiers, facsimiles, multifunction printing products, network controllers, and toner products throughout the United States, Mexico, Brazil, Latin America, and the Caribbean. Headquartered in Irvine, Calif., TABS has five divisions: the Electronic Imaging Division; the Toner Products Division; the Document Solutions Engineering Division; the International Division; and TOPAC U.S.A., Inc., dba Toshiba Business Solutions (TBS), a wholly-owned subsidiary corporation of TABS, that operates a network of wholly-owned office equipment dealers throughout the United States.
Named the most favored manufacturer ten times by the Business Technology Association (BTA), Toshiba’s entire product line, customer support and marketing distribution policies are markers for the industry. Among the many other awards garnered in recent years, Toshiba was named the “Manufacturer of the Year” eight times by Marketing Research Consultants (MRC), and has twice been named to the CIO 100 for being among the top 100 “bold” (2005) and “agile” (2004) companies in the world.
TABS is an independent operating company of Toshiba Corporation, the seventh largest electronics/electrical equipment company and the world's 91st largest company in terms of sales. Ranked by Fortune magazine as the eighth Most Admired Electronics Company in the World, Toshiba Corporation is a world leader in high technology products with more than 300 major subsidiaries and affiliates worldwide. Fiscal year revenue in 2007 was approximately $76.6 billion.
For more information on Toshiba copiers, facsimiles, multifunction printing products, network controllers or toner products, or for a dealer in your area, call (800)-GO-TOSHIBA or visit the TABS Web site at www.copiers.toshiba.com
.