Seasoned Technology
Veterans Bring Strong Experience in Global Branding and Human Resource
Management
Mountain View, CA, May 2, 2001 - VeriSign, Inc. (NASDAQ:VRSN),
the leading provider of Internet trust services, today announced that
it has named two seasoned executives to its senior ranks. Bill Fasig,
formerly vice president of Corporate Communications for Compaq Computer
Corporation, joins the company as senior vice president of Corporate
Marketing and Barry Anderson, formerly executive vice president and
general counsel of QAD, Inc., joins as senior vice president of Human
Resources.
"With employees around the world, a trust network
of close to 40 global Affiliates and millions of customers in every
country on the Internet, VeriSign now truly has global reach,"
said Stratton Sclavos, president and CEO of VeriSign. "Bill's global
branding experience and Barry's strong human resources leadership will
contribute significantly to our mission of enabling everyone, everywhere
to use the Internet with confidence."
"I am extremely pleased to join VeriSign at
this exciting time," said Fasig, "With global Internet penetration
having only just begun, VeriSign is poised to become one of a handful
of key companies shaping the future of the Internet and I look forward
to being a part of the VeriSign team."
"I see working for VeriSign as one of those
rare opportunities to work for a company that some day my daughter and
my daughter's daughter will say that I worked for VeriSign way back
when," said Anderson. "I truly believe that there are few
companies who deserve this distinction with VeriSign clearly being one
of them."
Fasig joins VeriSign with over 17 years of experience
in both the corporate and agency worlds. Prior to his position at Compaq,
Fasig was the chairman and managing director for Burson- Marstellar/Young
& Rubicam's Global Technology Practice and he held senior management
positions with Apple Computer both in Cupertino, California and Washington,
D.C.
Anderson joins VeriSign after serving in senior
positions at QAD, the leading provider of supply chain enabled Enterprise
Resource Planning software. Prior to QAD, Anderson held senior international
management positions with Technology Ventures, Bank South Corporation,
Lanier Worldwide, Arabian American Oil Company, and Lockheed Aircraft
Service Company.
About VeriSign
VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of trusted infrastructure
services to Web sites, enterprises, electronic commerce service providers
and individuals. The Company's domain name, digital certificate and
payment services provide the critical web identity, authentication and
transaction infrastructure that online businesses require to conduct
secure e-commerce and communications. VeriSign's services are available
through its Web site (www.verisign.com)
or through its direct sales force and reseller partners around the world.
Statements in this announcement other than
historical data and information constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These statements
involve risks and uncertainties that could cause VeriSign's actual results
to differ materially from those stated or implied by such forward-looking
statements. The potential risks and uncertainties include, among others,
VeriSign's limited operating history under its current business structure,
uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results, increased competition, risks associated
with the company's international business and risks related to potential
security breaches. More information about potential factors that could
affect the company's business and financial results is included in VeriSign's
filings with the Securities and Exchange Commission, especially in the
company's Annual Report on Form 10-K for the year ended December 31,
2000. VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
VeriSign is a registered trademark of VeriSign,
Inc. Other names may be trademarks of their respective owners.
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