Wave Initiates Search for Newly-Established Position of Chief Operating Officer
LEE, MA -- (Marketwired) -- 06/10/13 -- Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, today announced it has
initiated an executive search for a Chief Operating Officer. The COO
role would be a new position at the company, responsible for
day-to-day operations, developing sales channels, overhead
management, execution of product and cloud services strategy, and
other corporate objectives.
"Wave has undergone substantial growth in the last two years, from
the Safend acquisition to significant expansion throughout Europe and
Asia, along with the roll out of innovative new security products in
the tablet market," commented Chairman of the Board John Bagalay.
"The addition of a Chief Operating Officer to the executive staff
will enable the company to continue to focus on the market engagement
of Trusted Computing, while also enhancing the focus on product and
service excellence and operational discipline."
"We're looking for an individual with the drive and passion to help
foster a high-performance culture, accelerate the sale of Wave's
product portfolio and to further our objectives of benefiting our
customers, stockholders and employees," commented Mr. Bagalay.
Mr. Bagalay, along with Directors Nolan Bushnell and Bob Frankenberg
will serve on the Executive Committee participating in the search.
During the search period, the committee will work with the Chief
Executive Officer to establish the role, authority and
responsibilities of this new position within the company's management
organizational structure and provide consultation to the Chief
Executive Officer on the significant management and operational
functions of the company.
About Wave Systems
Wave Systems Corp. reduces the complexity, cost
and uncertainty of data protection by starting inside the device.
Unlike other vendors who try to secure information by adding layers
of software for security, Wave leverages the security capabilities
built directly into endpoint computing platforms themselves. Wave has
been a foremost expert on this growing trend, leading the way with
first-to-market solutions and helping shape standards through its
work as a board member for the Trusted Computing Group.
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contain forward-looking information within the meaning of the Private
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Securities Exchange Act of 1934, as amended (the Exchange Act),
including all statements that are not statements of historical fact
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and involve risks and uncertainties, many of which are beyond the
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a result of various factors. Wave assumes no duty to and does not
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