VeriSign® Elects
STAR Group Limited CEO Michelle Guthrie to Board of Directors
Michelle Guthrie Brings Global Media and Content Distribution Experience
to VeriSign Board of Directors
Mountain View, CA – December 19, 2005 -VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced the appointment
of Michelle Guthrie, Chief Executive Officer of STAR Group Limited,
a wholly owned subsidiary of News Corporation, to its Board of Directors.
STAR is a leading media and entertainment company in Asia. STAR broadcasts
over 50 television services in eight languages to more than 300 million
viewers across 53 Asian countries. With over a decade of experience
in the pay television industry, Ms. Guthrie brings to VeriSign her wide-ranging
knowledge of media, technology, law and business development.
“Consumer demand for real-time information and entertainment
over mobile and broadband networks is increasing exponentially on a
global basis,” said Stratton Sclavos, Chief Executive Officer and Chairman
of VeriSign. “Michelle’s track record in building successful content
and distribution relationships in both Europe and Asia will be an invaluable
asset in VeriSign’s long range strategy to build and operate the world’s
premier digital content utility.”
Ms. Guthrie joined STAR in June 2000. She was appointed
Senior Vice President, Business Development in January 2001 and was
promoted to Executive Vice President for Regional Distribution and Business
Development in June 2003, in charge of the operations of diverse markets
across the South East Asian region, as well as identifying growth opportunities
and cementing new partnerships for the company. Ms. Guthrie was appointed
Chief Executive Officer of STAR in November 2003.
“As personalization and consumption of communications
increase the demand for intelligent infrastructure services, VeriSign’s
role is enhanced,” said Ms. Guthrie. “VeriSign sits in such a unique
position in so many markets fundamental to digital communications, content
and commerce,” said Ms. Guthrie. “I look forward to adding my voice
to the VeriSign Board and continuing the corporation’s exciting journey.”
Ms. Guthrie has ten years of experience in the pay
television industry, notably at FOXTEL in Australia and BSkyB in the
U.K. As part of senior management and Director of Legal and Business
Affairs at FOXTEL, Ms. Guthrie was responsible for all legal and business
development operations for FOXTEL, including negotiating with channel
providers, establishing new channels and evaluating new business opportunities.
Before joining News Corporation in 1994, Ms. Guthrie
was a lawyer at Allen, Allen & Hemsley in Sydney and Singapore,
where she focused on the media and technology sector.
In addition, Ms. Guthrie is a member of the Board
of Directors of joint venture companies Phoenix Satellite Television
and China Network Systems.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.verisign.com
and at www.verisign.com.au.
For more information, contact:
VeriSign Media Relations: Brian O’Shaughnessy, boshaughnessy@verisign.com,
650-426-5270
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
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, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as increasing competition and
pricing pressure from competing services offered at prices below our
prices and market acceptance of our existing services; the inability
of VeriSign to successfully develop and market new services and the
uncertainty of whether new services as provided by VeriSign will achieve
market acceptance or result in any revenues; risks related to potential
security breaches; and the risks that acquired businesses will not be
integrated successfully and unanticipated costs of such integration.
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, including in the company's Annual
Report on Form 10-K for the year ended December 31, 2004 and quarterly
reports on Form 10-Q. 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 used
in this announcement may be trademarks of their respective owners.
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