John Roach Joins VeriSign Board of Directors
New Director’s Wealth of Management Experience to Bolster VeriSign’s
Continued Emphasis on Corporate Governance
Mountain View, CA – August 1, 2007 –VeriSign, Inc. (NASDAQ:
VRSN), the leading provider of digital infrastructure for the networked
world, today announced that John D. Roach joined the company’s board
of directors. Roach is chairman and CEO of Stonegate International,
a private investment and advisory services company.
Roach, who has spent decades overseeing the operations
of multi-billion dollar companies, will serve on the VeriSign board’s
audit committee. Roach’s tenure as VeriSign’s ninth board member began
July 19.
“John understands what it takes for fast-growing companies
to live up to their corporate governance obligations,” said Edward A.
Mueller, chairman of VeriSign’s board of directors. “He is a seasoned
executive with a wealth of experience at the helm of large, successful
organizations and will give us valuable insights in these and many other
areas.”
Prior to joining Stonegate, Roach served as executive
chairman of Unidare US, the North American wholesale distribution subsidiary
of Unidare plc, a public Irish financial holding company headquartered
in Dublin. He also founded and managed a variety of leading companies
in the building products and construction materials industries.
“Like the companies that provide the building blocks
for the world’s physical infrastructure, VeriSign delivers what the
world’s digital networks need to operate reliably and securely, every
minute of every day,” said Roach. “The future is in the hands of those
who are willing to build it. More and more, the future is being built
on VeriSign’s digital infrastructure. I look forward to serving VeriSign’s
board as we build an exciting future for the company and its customers.”
Roach founded and was chairman, president and chief
executive officer of Builders FirstSource, Inc, the nation’s leading
distributor of building products to production homebuilders. He
was also chairman, president and chief executive officer of Fibreboard
Corporation, a building products company acquired by Owens Corning in
1997, and Johns Manville Corp., where he initially served as chief financial
officer and eventually oversaw all building materials and industrial
products businesses. Earlier in his career, Roach served as a strategy
consultant with several leading consulting firms.
He has served on 10 public boards and currently holds
positions on the boards of PMI Group and URS Corporation. As a member
of these boards, Roach has served on numerous Audit, Compensation and
Governance and Nominating Committees, including serving as chairman
of an Audit Committee and of two Compensation Committees. He earned
a bachelor’s degree in industrial management from the Massachusetts
Institute of Technology and a master’s degree in business administration
from the Stanford Graduate School of Business.
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates digital infrastructure services
that enable and protect billions of interactions every day across the
world’s voice, video and data networks. Additional news and information
about the company is available at www.verisign.com.
Contacts
VeriSign Media Relations: Lisa Malloy, emalloy@verisign.com,
202-270-7600
VeriSign Investor Relations: Ken Bond, kbond@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 the inability of VeriSign to
successfully develop and market new products and services, and implement
price increases, and customer acceptance of any new products, services,
or price increases, including the price increases mentioned herein;
the possibility that VeriSign’s announced new products, services and
price increases may not result in additional customers, profits or revenues;
and increased competition. 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, 2006 and quarterly reports on Form 10-Q and current reports on Form
8-K. VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
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