Connective Therapeutics appoints Cynthia Butitta as vice president and chief financial officer.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Jan. 15, 1996--Connective Therapeutics, Inc., today announced the appointment of Cynthia M. Butitta as vice president of finance and administration and chief financial officer. In this position, she assumes responsibility for all financial operations and strategic financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against for the company. Butitta, 41, has over 15 years of experience in corporate finance, financial planning, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and management information systems. She was most recently vice president and chief financial officer for InSite Vision, Inc., where she was responsible for management information systems and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. in addition to all finance functions. Prior to her tenure with InSite, she was a director of finance for the worldwide Tandem Sales and Support Group at Tandem Computers. Prior to Tandem Computers, she was a member of the team that built MIPS Computer Systems into a significant participant in the industry. During her tenure at MIPS (Million Instructions Per Second) The execution speed of a computer. For example, .5 MIPS is 500,000 instructions per second; 100 MIPS is a hundred million instructions per second. , she served as vice president of finance, corporate controller and director of sales operations. Butitta has also held financial management positions at Burroughs Corporation and Baxter Travenol Laboratories. She earned an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in finance from the University of Wisconsin, Madison and a B.S. in business and accounting from Edgewood College, Madison. Connective Therapeutics, Inc., was founded in 1993 and is headquartered in Palo Alto, Calif. The company is focused on the development of novel therapeutics for chronic connective tissue disorders and diseases of the skin and skin structure. CONTACT: Connective Therapeutics, Inc., Palo Alto Sylvia Wheeler, 415/843-2857 |
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