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TABS Appoints New Vice President and Chief Financial Officer

12 Jun, 2007

TABS Appoints New Vice President and Chief Financial Officer

IRVINE, CA - Toshiba America Business Solutions Inc. (TABS) has 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.

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