Acacia Names Leading IP Executive from Energy Industry to Management Team
NEWPORT BEACH, Calif. -- June 3, 2013
Acacia Research Corporation (Nasdaq: ACTG) announced today that Charlotte
Rutherford has joined Acacia Research Group LLC as Senior Vice President.
Ms. Rutherford was most recently Deputy General Counsel, Intellectual Property
for Schlumberger Limited, and designed/restructured and managed the global IP
departments at Schlumberger, Colgate-Palmolive and Conoco over the past 12
She was previously Vice President and Associate General Counsel Intellectual
Property for Colgate-Palmolive Inc. and Chief Intellectual Property Counsel
for Conoco Inc.
During her IP career, Ms. Rutherford has developed global IP licensing
programs for several Fortune 500 companies with thousands of patents covering
energy, electronics, specialty materials, NMR and sensor technologies that
resulted in major revenue opportunities.
Earlier in her career, Ms. Rutherford was General Counsel of Power Management
and Advanced Magnetics for Honeywell International, a partner and legal
manager of the chemical and pharmaceutical intellectual property practice with
Gibbons, Assistant General Counsel for the Minerals Technologies formerly a
division of Pfizer, Inc. and was Senior Counsel at Amerada Hess Corporation
and Shell Oil Company.
Ms. Rutherford holds a Bachelor and Master of Science in Engineering from
Auburn University, an MBA from Rutgers University and a Juris Doctor from
“Joining the Acacia team provides the opportunity to focus on monetizing
energy technologies to foster innovation while increasing our competitiveness
in the energy market,” commented Ms. Rutherford.
Acacia Research Corporation’s CEO, Paul Ryan, commented, “Ms. Rutherford’s
extensive experience in managing intellectual property issues at leading U.S.
companies makes her a great addition to Acacia’s management team as we
continue to build the country’s leading patent licensing company.”
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation’s subsidiaries partner with inventors and patent
owners, license the patents to corporate users, and share the revenue. Acacia
Research Corporation’s subsidiaries control over 250 patent portfolios,
covering technologies used in a wide variety of industries.
Information about Acacia Research Corporation and its subsidiaries is
available at www.acaciaresearchgroup.com and www.acaciaresearch.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
This news release may contain forward-looking statements within the meaning of
the “safe harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Such statements, including those related to Ms. Rutherford’s
employment and impact therefrom, are based upon our current expectations and
speak only as of the date hereof. Our actual results may differ materially and
adversely from those expressed in any forward-looking statements as a result
of various factors and uncertainties, including Ms. Rutherford’s continued
employment and her ability to help expand and build our business, the economic
slowdown affecting technology companies, our ability to successfully develop
products, rapid technological change in our markets, changes in demand for our
future products, legislative, regulatory and competitive developments and
general economic conditions. Our Annual Report on Form 10-K, recent and
forthcoming Quarterly Reports on Form 10-Q, recent Current Reports on Forms
8-K and 8-K/A, and other SEC filings discuss some of the important risk
factors that may affect our business, results of operations and financial
condition. We undertake no obligation to revise or update publicly any
forward-looking statements for any reason.
Acacia Research Corporation
Tel (949) 480-8300
Fax (949) 480-8301
President & Founder
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