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VerifyMe names new CEO and elects new independent board of director members

Categories Biometrics News  |  Trade Notes
 

VerifyMe, Inc. has named Patrick White its new CEO as well as elected several new independent members to the company’s board of directors.

White, who has moved the corporate headquarters to Rochester, New York, has been working as an outside consultant to the company since June 1.

He previously served as CEO and founder of Document Security Systems, Inc. from 2002 through 2012.

“In the last year, I have vetted multiple offers to come back into the security industry and I chose VerifyMe, Inc. due to its valuable biometric verification and product packaging security patent portfolio,” White said. “The opportunities are vast due to the enormous and growing problems of counterfeiting and identity theft and the inherent challenges in preventing significant monetary damages from these crimes.

“There is a growing demand for people and product verification in the digital age. VerifyMe has the technology to address these verification needs. Also, I am very pleased that we have assembled an extremely powerful and successful business-minded board of directors and I look forward to building the company with them.”

The new board of directors include private investor Howard Goldberg; Silicon Valley investor Paul Klapper; Laurence Blickman, senior managing director of institutional investments at Cushman & Wakefield; and Marshall Geller, senior advisor to private investment firm St. Cloud.

These new directors join Claudio Ballard, a US-IP patent monetization expert, and Larry Schafran, a specialist in mergers and acquisitions, who have agreed to remain on the board.

In addition, Norman Gardner, founder of VerifyMe and former CEO, will remain as chairman of the board.

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