Security Software Provider Wave Systems Names William Solms CEO and Director
November 19 2013 - 7:25AM
Marketwired
Security Software Provider Wave Systems Names William Solms CEO and
Director
LEE, MA--(Marketwired - Nov 19, 2013) - Wave Systems Corp.
(NASDAQ: WAVX) announced that the company's Board of Directors has
confirmed William M. Solms, age 50, as Chief Executive Officer. Mr.
Solms, who joined Wave in June and has served as Wave's Acting CEO
since October 6, has also been elected to Wave's Board of
Directors. His appointment increases the size of Wave's Board to
six members.
"Bill has brought a commitment to excellence, discipline and
accountability since his appointment as Acting CEO," said Chairman
John Bagalay. "In short order, he has begun to implement a plan to
re-organize the company, streamline operations and bring clarity
and focus to Wave's place in the security market. Given this
progress, the Board felt strongly that Bill was the right choice to
continue leading the company."
Before being named acting CEO, Mr. Solms served as Wave's Vice
President of North American Sales. He had previously worked at
Microsoft and at Oracle where he directed the Federal Sales Team
for Oracle-On-Demand. A graduate of West Point, Mr. Solms served a
distinguished career as an active duty Army officer, ultimately
capping his 20+ years of service in the Pentagon as a member of the
Joint Staff.
"I'm honored and humbled by the opportunity to lead Wave," Mr.
Solms said. "We have a great team that has produced a first-class
product suite, which allows us to be market leaders in key segments
of the IT security space. I look forward to bringing a renewed
sense of operational excellence and fiscal discipline to the
company while at the same time continuing to foster the spirit of
innovation that has been a hallmark of Wave."
About Wave Systems Wave Systems Corp. reduces the complexity,
cost and uncertainty of data protection by starting inside the
device. Unlike other vendors who try to secure information by
adding layers of software for security, Wave leverages the security
capabilities built directly into endpoint computing platforms
themselves. Wave has been a foremost expert on this growing trend,
leading the way with first-to-market solutions and helping shape
standards through its work as a board member for the Trusted
Computing Group.
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may contain forward-looking information within the meaning of the
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the Securities Exchange Act of 1934, as amended (the Exchange Act),
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Company: Wave Systems Corp. Michael Wheeler 413-243-7026
mwheeler@wave.com Investor Relations: David Collins, Eric Lentini
212-924-9800
wavx@catalyst-ir.com