Unwired Planet Implements New Executive Management Structure; Adds Two New
Board Directors with Intellectual Property Expertise
RENO, Nev. -- June 4, 2013
Unwired Planet, (Nasdaq: UPIP), today announced a streamlined management
structure that includes: a president role to be filled by Eric Vetter, and the
creation of an executive committee, which will be chaired by a new board
member to be named later. With this new structure in place, the chief
executive officer position will be eliminated.
Eric Vetter, chief financial officer of Unwired Planet, will be promoted to
president and will also continue in his capacity as chief administrative
officer and chief financial officer. As previously announced, Mike Mulica,
former chief executive officer of Unwired Planet, will continue to serve on
the Unwired Planet Board and will chair the newly formed Unwired Planet
Technology Advisory Committee. The company intends to name a new board member
who will serve as chairman of the executive committee in the near future.
Simultaneously, the company today announced that Bill Marino and Philip Vachon
were appointed to the company’s board of directors. Mr. Marino is currently
the CEO of Pragmatus, LLC, a privately held intellectual property licensing
company. Mr. Vachon is co-founder and director of IPMG AG, a privately held
global intellectual property licensing firm.
“Over the past six months, Eric has demonstrated solid leadership skills and
we believe our senior executive team, including Eric Vetter, Tim Robbins, and
Daniel Mendez, is highly capable of delivering strong results for
shareholders. We believe this new executive management structure will provide
the necessary oversight and guidance for management while allowing the company
to continually improve its efficiency and cost structure,” said Peter Feld,
Chairman of the Board. “With the addition of Bill and Philip we have
significantly enhanced the board’s level of experience in intellectual
property licensing, litigation, and operations. We are confident in our
strategic plan and the team we have put together to execute on the significant
opportunity in front of us.”
William (Bill) Marino is the CEO of Pragmatus, LLC, where he is responsible
for the portfolio acquisition and overall strategy of the company. Prior to
Pragmatus, he was the CEO of Saxon Innovations, LLC and was the chief
architect of the ITC strategy. While at Saxon, he also served as partner and
General Counsel for Altitude Capital Partners, a private investment fund
focused on investing in intellectual property. Prior to that, Mr. Marino was
in private practice with two large firms, where he specialized in patent
litigation. Mr. Marino has licensed over $300 million dollars in the last 8
years. He holds an undergraduate degree in Biochemistry from the University of
Massachusetts and a Juris Doctor from Suffolk University. He is registered to
practice at the U.S. Patent and Trademark Office.
Philip A. Vachon is co-founder and director of IPMG AG, a privately held
global intellectual property licensing firm, where he focuses his efforts on
corporate structure, capitalization and profitable revenue growth. Prior to
the formation of IPMG, Mr. Vachon advised one of the world’s largest patent
holders on licensing to the telecommunications industry. Previously, he was
President of Liberate Technologies during its successful IPO which raised over
$500 million in financing. Prior, Mr. Vachon spent nine years at Oracle
Corporation in various assignments with his last as Senior Vice President of
Sales, Telecommunications Industry.Mr. Vachon has served on several
technology company boards, with his lastassignmentas an independent director
of IBC (NYSE:IBC).
About Unwired Planet
Unwired Planet, Inc. (NASDAQ: UPIP) is the inventor of the Mobile Internet and
a premier intellectual property company focused exclusively on the mobile
industry. The company’s patent portfolio of more than 2,400 issued US and
foreign patents include the technologies that allow mobile devices to connect
to the Internet and enable mobile communications. The portfolio spans 2G, 3G
and 4G technologies, as well as cloud-based mobile applications and services.
Unwired Planet's portfolio includes patents related to key mobile
technologies, including baseband mobile communications, mobile browsers,
mobile advertising, push technology, maps and location based services, mobile
application stores, social networking, mobile gaming and mobile search.
Unwired Planet is headquartered in Reno, Nevada.
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Mike Bishop, 415-217-4968
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