Entrust Announces Resignation of President and CEO John Ryan; Alberto Yepez and David Thompson Appointed Interim Co-CEOs.Business Editors/High Tech Writers
SANTA CLARA Santa Clara, city, Cuba
Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. and PLANO, Texas--(BUSINESS WIRE)--Feb. 12, 2001
Entrust(R)Technologies Inc. (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations
U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ENTU), announced today that its board of directors has accepted the resignation of John Ryan John Ryan can refer to:
Alberto Yepez, board member and president of Entrust New Ventures, and David Thompson There are several men named David Thompson:
"John Ryan has been the president and CEO since Entrust was founded in 1996, and he has been central to the company's growth and development. He helped establish Entrust as the leading provider of public-key Infrastructure (PKI (Public Key Infrastructure) A framework for creating a secure method for exchanging information based on public key cryptography. The foundation of a PKI is the certificate authority (CA), which issues digital certificates that authenticate the identity of ) solutions and guided us through key strategic acquisitions. The most recent of these was the successful merger last year with enCommerce, which has given us the ability to offer innovative Trust Relationship Management solutions and has laid the groundwork for the next stage of the company's evolution," said James A. Thomson, Entrust chairman.
"Building Entrust has been an outstanding opportunity and a great experience," Ryan said. "Now, with the successful integration of enCommerce and Entrust complete, and after four years at Entrust and many years before that at Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , I'm ready I'm Ready is the double platinum second release from R&B singer Tevin Campbell. I'm Ready yielded the biggest R&B hit of his career the #1 R&B smash "Can We Talk", and produce 3 more successful hits in "I'm Ready", "Always In My Heart" and "Don't Say Goodbye Girl". for a new challenge. With Entrust well positioned to extend its leadership in Trust Relationship Management solutions, the time is right for a change."
"Today, Entrust is a company with solid fundamentals in an excellent market with exciting potential for growth," Thomson said. "The board and John agreed that this was an opportune op·por·tune
1. Suited or right for a particular purpose: an opportune place to make camp.
2. Occurring at a fitting or advantageous time: an opportune arrival. time for the company to seek new leadership with the specific skills needed to take Entrust to the next level."
Webcast: For a listen-only broadcast with Alberto Yepez and David
Thompson, please visit:
http://www.vcall.com/NASApp/VCall/EventPage?ID=68281 about 15
minutes prior to 5:05 p.m. Eastern on February 12 to register,
download and install any necessary audio software. This
Webcast will be accessible for up to 90 days following the
call on the Entrust Investor Web site:
Audio Replay of Teleconference: A replay of the teleconference can
be heard at the following number 800-642-1687, Passcode
175008, beginning at 7 p.m. Eastern on February 12, and
running through 11 p.m. EST P.M. also p.m. or p.m.
Usage Note: By definition, 12 a.m. on February 19, 2001.
About Alberto Yepez
Alberto Yepez is a member of the Entrust board of directors and president of Entrust New Ventures. Prior to the merger, Alberto was chairman, CEO and president of enCommerce. In addition, Alberto Yepez has held senior management positions in Apple Computer and Rae Technologies Rae Technology was a software company founded as a spin-off from Apple Computer in 1992. Rae Technology was best known for its Personal Information Manager Rae Assist and for being the predecessor of NetObjects, Inc.. .
About David Thompson
David L. Thompson is executive vice president, finance and administration, and chief financial officer at Entrust. He is a 20-year veteran of Nortel Networks, Inc. and affiliates, for which he held several senior management positions. Most recently before joining Entrust, Thompson was vice president of finance for the Nortel Network's Enterprise Solutions global line of business.
About Entrust Technologies
Entrust Technologies (NASDAQ: ENTU) is the leading global provider of Trust Relationship Management (TRM) services and solutions that enable organizations to optimize their business relationships by providing the confidence and convenience to exchange information and conduct transactions via the Internet. Today companies and government agencies in more than 40 countries rely on the end-to-end Entrust TRM portfolio, which is based on the company's award-winning public-key infrastructure (PKI) and privilege management technology. Through Entrust TRM solutions, organizations worldwide are able to extend innovative and highly efficient services to millions of customers, partners, and suppliers - via conventional computers and networks, wireless devices, and other Internet appliances. For more information, please visit www.entrust.com.
Note to Editors: Entrust is a registered trademark of Entrust Technologies Inc. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and certain other countries. In Canada, Entrust is a registered trademark of Entrust Technologies Limited. All Entrust product names are trademarks of Entrust Technologies. All other company and product names are trademarks or registered trademarks of their respective owners.