Verisign, the internet addressing firm which also owns the mobile content firm, Jamster says that its CEO, Stratton D. Sclavos has resigned with immediate effect. No reason was given for the unexpected decision, even though Sclavos had been in charge of the company for some 12 years. The company's Board of Directors has elected William Roper, Jr. as President and Chief Executive Officer to replace him. The Board also elected Edward A. Mueller as Chairman of the Board.
"We thank Stratton Sclavos for all he has accomplished for VeriSign," said Mueller. "Over the last 12 years, he helped establish VeriSign as a global corporation that millions of consumers and businesses rely upon every day as they interact on the world's voice and data networks. We wish him continued success in the future."
As previously disclosed, the review of the company's historical stock option grant practices by an ad hoc group of independent members of VeriSign's Board of Directors is substantially completed. The review did not find intentional wrongdoing by any current member of senior management, including Sclavos.
A VeriSign spokeswoman declined to talk about the reason for Sclavos' departure. "It definitely was not related" to the stock options probe, she said. "
Posted to the site on 31st May 2007
Posted to: www.cellular-news.com/story/24080.php