Clarient (CLRT) Appoints Rodriguez to SVP and CFO

December 2, 2009 6:59 AM EST

Clarient, Inc. (NASDAQ: CLRT) today announced a Chief Financial Officer transition plan that calls for veteran financial executive Michael R. Rodriguez to become its Senior Vice President and Chief Financial Officer on December 7, 2009. Raymond J. Land, age 64, the current Senior Vice President and Chief Financial Officer of Clarient, will continue to serve in that position until Mr. Rodriguez takes over Mr. Land's duties, after which Mr. Land will remain with Clarient as a consultant until the final fiscal 2009 accounting is completed and Clarient's Form 10-K is filed with the Securities and Exchange Commission.

Mr. Rodriguez, age 42, has served as a senior financial executive in a variety of emerging growth companies, including two publicly-traded companies. His most recent experience was as Chief Financial Officer of Irvine, CA-based Endocare, a medical device company focused on minimally invasive technologies for tissue and tumor ablation, from 2004 through July 2009, when it was acquired by HealthTronics, Inc. He has extensive experience in strategic partnering and mergers and acquisitions, and is well-respected by the investment community.

Prior to Endocare, Mr. Rodriguez was Executive Vice President and Chief Financial Officer of Irvine, CA-based Directfit, Inc., a provider of information technology staffing services, from 2000 to 2004. Prior to that, he developed the financial organization at Tickets.com, Inc., a fast-growing Internet-based provider of entertainment ticketing services and software and ultimately held the position of Senior Vice President and Chief Financial Officer. From 1995 to 1997, Mr. Rodriguez was Corporate Controller and Director of Finance at EDiX Corporation, a medical informatics company. He began his career at Arthur Andersen, LLP and was with that firm from 1989 to 1993. Mr. Rodriguez earned an MBA from Stanford University and a BS in Accounting from the University of Southern California. He lives in Aliso Viejo, CA with his family.


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