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Share Name | Share Symbol | Market | Type |
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Sipef | EU:SIP | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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-0.60 | -1.12% | 52.80 | 52.40 | 52.80 | 53.20 | 52.60 | 53.00 | 485 | 12:21:48 |
FOR IMMEDIATE RELEASE 30 April 2003 Scipher plc Board Changes Scipher plc ("Scipher" or the "Company") is pleased to announce that Phil Stern and Benjamin duPont have been appointed to the Scipher Board as Executive Directors, effective 30 April 2003. Phil Stern, 40, is the Chief Executive Officer of Scipher's Patent Licensing business, QED Intellectual Property ("QED"), a post he has held since March 2003. In December 2002, Scipher acquired yet2.com Inc., a US-based intellectual property licensing business, of which he was a founder and Chief Operating Officer. Following the acquisition, Phil has been responsible for the integration and management of the combined QED. Prior to founding yet2.com he held strategic and general management positions at Polaroid Corporation, McKinsey & Company, and Bain & Company. While at Polaroid he was Division Vice President managing the $350 million Professional and Technical Business. He also led the strategic planning of Polaroid's $1.0 billion Commercial Imaging Division. Phil has substantial breadth of experience developing business processes for high technology companies and implementing operational improvements through his consulting experiences at McKinsey and Bain. Phil has an MBA from Harvard Business School and a BA in Mathematics from Princeton University. Ben duPont, 39, brings to Scipher a rich experience in product development, manufacturing and sales. In addition to his work in QED, Ben is to take on additional responsibilities for worldwide business development within Scipher. As Founder and President of yet2.com, Ben initiated and managed partnerships with over 200 of the world's largest technology companies, including the strategic investments from Siemens, Bayer, DuPont, Honeywell and Proctor & Gamble. From 1986 to 1999, Ben held a number of leadership positions in DuPont in their Automotive, Specialty Chemicals and Fibers businesses, including Global Business Development Manager for LycraŽ where he licensed numerous technologies to other companies. Ben received a BS in Mechanical Engineering from Tufts University in 1986. Ben is a director of Promotech, a Japanese venture capital firm, and Longwood Gardens, the largest horticultural display in the US. He is also a Trustee of the American Institute of Public Service that awards the highest accolade for public service commissioned by the US Government. In 1998 Ben spent a year on leave from DuPont, campaigning across the USA in his father's Presidential campaign. Commenting on today's announcement, Dr Ken Gray, chairman of Scipher, said: "I am very pleased that Phil and Ben have agreed to join the Scipher Board. They bring with them substantial experience in managing and marketing technology in the US, Europe and Japan. Their appointments will give the Board a much greater international management and marketing depth, vital to the development of our business." In addition, after six years as a Non-executive Director, W.H. Neil Pearce, 60, has indicated his intention to retire from the Scipher Board at the Company's 2003 AGM, in line with his wish to reduce his business commitments. Neil, a General Partner at Advent Venture Partners, has been on the Board since 1997 and has been instrumental in guiding the Company through its flotation and the continued progress of the business. We offer him our thanks and sincere good wishes for the future. In accordance with the Listing Rules of the Financial Services Authority, Scipher announces that Mr. Phil Stern and Mr. Ben duPont have no additional matters to be disclosed pursuant to paragraphs 6.F.2 (b) to (g) and paragraphs 16.4 and 16.5 of the Listing Rules. Enquiries: Scipher plc: Dr Ken Gray, Chairman Tel: 020 8848 6555 Michael Kendon Tel: 020 8848 6444 Financial Dynamics: James Melville-Ross Tel: 020 7831 3113 Juliet Clarke Tel: 020 7831 3113 END
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