Security Software Provider Wave Systems Names William Solms CEO and Director
LEE, MA -- (Marketwired) -- 11/19/13 -- Wave Systems Corp. (NASDAQ:
WAVX) announced that the company's Board of Directors has confirmed
William M. Solms, age 50, as Chief Executive Officer. Mr. Solms, who
joined Wave in June and has served as Wave's Acting CEO since October
6, has also been elected to Wave's Board of Directors. His
appointment increases the size of Wave's Board to six members.
"Bill has brought a commitment to excellence, discipline and
accountability since his appointment as Acting CEO," said Chairman
John Bagalay. "In short order, he has begun to implement a plan to
re-organize the company, streamline operations and bring clarity and
focus to Wave's place in the security market. Given this progress,
the Board felt strongly that Bill was the right choice to continue
leading the company."
Before being named acting CEO, Mr. Solms served as Wave's Vice
President of North American Sales. He had previously worked at
Microsoft and at Oracle where he directed the Federal Sales Team for
Oracle-On-Demand. A graduate of West Point, Mr. Solms served a
distinguished career as an active duty Army officer, ultimately
capping his 20+ years of service in the Pentagon as a member of the
"I'm honored and humbled by the opportunity to lead Wave," Mr. Solms
said. "We have a great team that has produced a first-class product
suite, which allows us to be market leaders in key segments of the IT
security space. I look forward to bringing a renewed sense of
operational excellence and fiscal discipline to the company while at
the same time continuing to foster the spirit of innovation that has
been a hallmark of Wave."
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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Wave Systems Corp.
David Collins, Eric Lentini
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