Fuel Systems Solutions, Inc. announced today that it will move its corporate headquarters to New York City, creating a central base for managing operations in Europe, Latin America and the United States. Matthew Beale, 42, president, has assumed the chief financial officer responsibilities effective May 14. Choosing not to relocate, Bill Larkin has resigned as CFO and will assist with transition through July 15. New York-based Michael Helfand, 49, has joined Fuel Systems as Senior Vice President Finance and Chief Accounting Officer, effective May 14.
Beale stated, "Over the last 18 months, we have been aggressively expanding our business internationally and increasing our operational efficiencies. Now, we are prepared for the next phase, which is to streamline our corporate offices and physically position our team more
centrally to improve global communications and logistics. In addition, we are welcoming Mike Helfand, a talented financial expert, who has been consulting with the company during 2009. We are very excited to have Mike aboard permanently and to move to New York City, which we expect to complete this summer."
Mariano Costamagna, chief executive officer of Fuel Systems Solutions, said, "In addition to driving our growth, Matthew has led our mergers & acquisitions and financing strategies. As such, he will naturally add the CFO responsibilities to his executive duties. With this change, we thank our California-based finance team for its contributions to the organization. In particular, we are grateful to Bill Larkin, who has been a valuable member of our team since joining in 2006. We respect his desire to explore West Coast opportunities, and we wish him well in his future endeavors."
Since 2003, Helfand has been a finance and accounting consultant providing services to clients independently and through Resources Connection, Inc., a project-based professional services firm. His responsibilities have included SEC registration material preparation for IPOs, secondary and debt offerings; Sarbanes-Oxley engagements; and financial review and systems development. From 2007 to 2008 he has served as the Interim Chief Financial Officer of Rothschild North America, Inc., a global investment bank. From 2006 to 2007, Helfand was the Executive Vice President of Finance and Interim CEO at WRC Media,
Inc., a publishing company. Prior to consulting, he was Executive Vice President and CFO of Vestcom International, a NASDAQ company, from 1999 to 2003 and of World Color Press, a New York Stock Exchange company, in 1998. In addition, Helfand held various roles of increasing responsibility including Vice President and Assistant Controller at ABC, Inc., a division of the Walt Disney Company.
Helfand is on the Board of Directors and Audit Committee of Bluefly, Inc., an Internet Retailer listed on the NASDAQ stock exchange. He received his B.A. from Muhlenberg College and is a Certified Public Accountant