SafeNet Appoints John W. Frederick Chief Financial Officer
January 09 2007 - 7:30AM
Business Wire
SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information
security, today announced the promotion of John W. Frederick,
former interim Chief Financial Officer, to Chief Financial Officer.
First joining SafeNet in June 2006 as Vice President and Worldwide
Controller, Mr. Frederick was promoted to Chief Accounting Officer
and interim Chief Financial Officer in October of 2006. In the role
as Chief Financial Officer, Mr. Frederick will maintain
responsibility for all accounting, finance and treasury functions.
�Since assuming the role of interim Chief Financial Officer, Mr.
Frederick has not only done an admirable job managing the company�s
restatement process, but has successfully incorporated additional
accounting controls and governance to his areas of responsibility,�
said Walter Straub, chairman and interim CEO, SafeNet. �Mr.
Frederick�s more than 20 years of experience as a senior financial
executive, understanding of our business and business acumen will
continue to benefit SafeNet in the future.� Before joining SafeNet,
Mr. Frederick served as Vice President and Corporate Controller for
Arby's Restaurant Group. His diverse experience has included roles
at both large and small companies, for which he has been the
principal executive responsible for public reporting, Sarbanes
Oxley compliance, strategic planning, treasury, internal audit and
tax. About SafeNet, Inc. SafeNet is a global leader in information
security. Founded more than 20 years ago, the company provides
complete security utilizing its encryption technologies to protect
communications, intellectual property and digital identities, and
offers a full spectrum of products including hardware, software,
and chips. UBS, Nokia, Fujitsu, Hitachi, ARM, Bank of America,
NetGear, the Departments of Defense and Homeland Security, Adobe,
Samsung, Texas Instruments, the U.S. Internal Revenue Service and
scores of other customers entrust their security needs to SafeNet.
For more information, visit www.safenet-inc.com. "Safe Harbor"
Statement under the Private Securities Litigation Reform Act of
1995 The statements contained in this release, which are not
historical facts, are 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 are subject to
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
Important factors that could cause actual results to differ
materially are included but are not limited to those listed in
SafeNet's periodic reports and registration statements filed with
the Securities and Exchange Commission. The Company assumes no
obligation to update information concerning its expectations.
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