New CEO for Microfluidics

Edited by the Processingtalk editorial team Dec 19, 2007

Microfluidics, a wholly owned subsidiary of MFIC Corporation, has announced that Michael C Ferrara has been appointed as their new Chief Executive Officer

In his new role, Ferrara will be responsible for overseeing daily company operations and will serve on the Board of Directors.

"Mike's strategic vision and his proven ability to lead companies to success will be important in unlocking the value of Microfluidics as we continue to position the Company for long-term sustainable growth," said James N Little, PhD, Acting Chairman of the Board of Directors.

"The Board believes Mike's experience is an excellent fit for the breadth of opportunity at Microfluidics and we look forward to working with him to facilitate our growth and success under his leadership".

Mr Ferrara was most recently President and CEO of X-Rite where he led their re-emergence as the global leader of its industry.

Under his leadership, X-Rite grew organically to achieve record-level revenues and earnings through the introduction of 61 new products in five years, distribution gains and industry-changing merger and acquisitions in the colour technology space - including the acquisition of Amazys Holding, which was "The International Deal of the Year" as awarded by The M+A Advisor.

Mr Ferrara also has extensive experience in building marketing and distribution channels with strategic partners in markets throughout the world, including Asia-Pacific and EMEA - areas of considerable focus for Microfluidics moving forward.

Prior to X-Rite, Mr Ferrara was CEO of Marine Optical Group, CEO of NI World Trade, a trading subsidiary of National Intergroup (formerly National Steel) and held positions of increasing seniority over an 18-year period at Westinghouse Electric Corporation.

"Microfluidics has put in place a foundation to support the growth-potential of the Company," said Ferrara: "I look forward to working with the team around the world to capitalise on our innovative technologies and products such that the potential of Microfludics is realised for all stakeholders and shareholder value is consistently improved".

Mr Ferrara has a BSc in electrical engineering from Villanova University and completed the Programme for Management Development (PMD) at Harvard Business School.