Fargo Electronics Announces Rotation of Lead Director; Dr. Edward Bersoff named as Lead Director for 2005/2006.MINNEAPOLIS -- Fargo Electronics, 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 :FRGO), announced today that Dr. Edward Bersoff has been appointed by the Board of Directors as the Lead Director for 2005/2006 in accordance with Fargo's Board of Director Guidelines. Dr. Bersoff replaces Elaine Pullen, whose term as lead director ended in 2004. Ms. Pullen remains a director of Fargo. Dr. Bersoff is Chairman of Greenwich Associates, LLC, a business advisory firm, and has been a director of Fargo since 2003. Dr. Bersoff was Chairman, President and CEO until 2001 of BTG, Inc., a firm he founded in 1982. BTG provides computer-based solutions to government and commercial clients, specializing in analysis and consulting, solutions development, systems integration, operations and support. Prior to founding BTG, Dr. Bersoff was President of CTEC, Inc., and earlier, Director of Engineering Operations for Logicon's Washington division. Dr. Bersoff is a past Chairman of the American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. . Dr. Bersoff serves on the boards of Titan Corporation (TTN NYSE NYSE See: New York Stock Exchange ), EFJ, Inc. (EFJI OTCBB OTCBB See OTC Bulletin Board (OTCBB). ), Potomac Bank of Virginia, MVM, Inc. and Phillips International, Inc. He is a Trustee at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the , Rector of the Board of the Virginia Commonwealth University Formed by a merger between the Richmond Professional Institute and the Medical College of Virginia in 1968, VCU has a medical school that is home to the nation's oldest organ transplant program. and Chairman of the INOVA Health System Inova Health System is a non-profit health organization based in Northern Virginia, USA. Hospitals under Inova provide most of the healthcare needs for citizens in Northern Virginia. The flagship hospital, Inova Fairfax Hospital, has won acclaims as one of the best hospitals in the nation. Health Care Services Board. He holds A.B., M.S., and PhD degrees in mathematics from New York University, and is a graduate of the Harvard Business School's Owner/President Management Program. He was recently appointed a Distinguished Professor of Management and Information Technology & Engineering at George Mason University Named after American revolutionary, patriot and founding father George Mason, the university was founded as a branch of the University of Virginia in 1957 and became an independent institution in 1972. . "We are pleased to have Dr. Bersoff become our lead director" said Gary Holland, Fargo's CEO and Chairman of the Board. "He brings a broad range of experience to this position and this rotation reflects our continuing commitment to strong corporate governance practices." About Fargo Founded in 1974, Fargo Electronics is a global leader in the development of secure technologies for identity card issuance systems, including secure card printer/encoders, materials and software. The company has sold more than 80,000 systems in the US and over 80 other countries worldwide. Fargo card issuance systems reduce vulnerabilities and potential for loss of time, money and lives by continually improving the security of identity credentials. Fargo provides physical, information, and transaction security for a wide variety of applications and industries, including government, corporate, national IDs, drivers' licenses, universities, schools and membership. Based in Minneapolis, Minn., Fargo markets its products through a global distribution network of professional security integrators. For more information about Fargo, visit www.fargo.com. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion