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Wave names new CFO, announces additional executive moves

Staff writer | Lee, Ma., USA | April 2, 2014
Wave SystemsApril 2, 2014, Lee, Ma., USA - Wave Systems Corp., a data security company, announced several changes to its executive team including the appointment of Walter A. Shephard as chief financial officer.
Mr. Shephard brings a wealth of experience to Wave, most recently as Chief Financial Officer of Luminus Devices, where he was instrumental in the company’s merger with Lightera. Prior to Luminus Devices, Mr. Shephard served as CFO, Vice President of Finance and Treasurer of Zygo Corporation, a publicly traded developer of ultra high-end precision optical systems. Previously, he was Vice President and CFO for GenRad Inc. a global hardware manufacturer and software developer.

Mr. Shephard holds an MBA from Babson College and a BS degree in Finance from Boston College. He is succeeding Gerard Feeney.

The company also announced that its Board of Directors voted to confirm Bill Solms as President of Wave. He was named CEO and Director in November.

Andrew Avery assumes the newly created posts of Senior Vice President, Global Business Development and Vice President, APAC Sales. He will also be primarily responsible for sales revenue within the Asia Pacific region. Mr. Avery’s previous positions include Vice President, Strategic Business Development and Vice President of OEM and Channel Sales.

Additionally, Simon Tidnam was promoted to Vice President Corporate Development. Mr. Tidnam was previously the head of Marketing and Business development for Wave’s Scrambls product team. Among his responsibilities will be the further development and commercialization strategy for Wave’s Scrambls and Knowd products.

The changes within the executive team follow the additions of Lorraine Hariton and David Côté to the Board of Directors earlier this month.

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