VRSN » Topics » Expertise to VeriSign Board

This excerpt taken from the VRSN 8-K filed Jun 1, 2005.

Expertise to VeriSign Board


MOUNTAIN VIEW, CA. May 31, 2005 -VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced the appointment of Louis A. Simpson, President and Chief Executive Officer, Capital Operations, of GEICO Corporation, to its Board of Directors. With a broad background in general business, financial services, insurance and capital investments, Mr. Simpson will add strategic value and depth to VeriSign’s Board of Directors.


“VeriSign continues to execute on our strategy to help transform the world’s infrastructure for the delivery of communications, commerce and content,” said Stratton Sclavos, Chairman and Chief Executive Officer of VeriSign. “Adding Louis Simpson’s global business acumen and financial services expertise to our Board of Directors will be invaluable as we march forward on this exciting journey.”


Louis A. Simpson has served as President and CEO, Capital Operations, of GEICO Corporation since May 1993, having previously served as vice chairman of the board from 1985-1993. Simpson’s career at GEICO began in 1979 as senior vice president and chief investment officer. Earlier in his career, Simpson was president and chief executive officer of Western Asset Management, a subsidiary of the Los Angeles-based Western Bancorporation. He also had been a partner at Stein Roe and Farnham, a Chicago investment firm, and an instructor of economics at Princeton University.


“I am very pleased to join VeriSign’s Board of Directors and to lend my career experience to help continue the company’s growth and success,” said Simpson. “VeriSign has a compelling opportunity to be the company that enables and protects the billions of interactions that travel across the voice and data networks each day and I look forward to working with the management team and the rest of the Board to make this a reality.”


VeriSign today also announced that William A. Roper Jr., Corporate Executive Vice President (CEVP) of Science Applications International Corporation (SAIC) will assume the role of Lead Independent Director. Mr. Roper has served on the VeriSign Board of Directors since November 2003. Since April 2000, he has served as CEVP and he has held different positions since joining SAIC in 1990 including CFO from 1990-2000.


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