VerifyMe announces new board of directors, CEO

17/08/17

Biometric identity firm VerifyMe has appointed new senior staff and leadership. 

The firm confirmed on Thursday that its board of directors has elected Patrick White as Chief Executive Officer.

White has been working as an outside consultant to the company since June 1, 2017 and he was previously the CEO and founder of Document Security Systems, Inc. from 2002 through 2012.

"In the last year, I have vetted multiple offers to come back into the security industry and I chose VerifyMe, Inc. due to its valuable biometric verification and product packaging security patent portfolio," commented White. "The opportunities are vast due to the enormous and growing problems of counterfeiting and identity theft and the inherent challenges in preventing significant monetary damages from these crimes. There is a growing demand for people and product verification in the digital age. VerifyMe has the technology to address these verification needs.  Also, I am very pleased that we have assembled an extremely powerful and successful business-minded Board of Directors and I look forward to building the company with them."

The new board of directors includes several new independent members:

Private investor Howard Goldberg
Silicon Valley investor Paul Klapper
Laurence Blickman, who is Senior Managing Director, Institutional Investments at Cushman & Wakefield
Marshall Geller, who is a Senior Advisor to St. Cloud, a Los Angeles-based private investment firm.

These new directors join Claudio Ballard, a US-IP patent monetization expert, and Larry Schafran, a noted specialist in mergers and acquisitions, who have agreed to remain on the board. Norman Gardner, founder of VerifyMe and former CEO, will remain as Chairman of the Board.

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