Safenet (NASDAQ:SFNT)
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SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information
security, today announced the promotion of John W. Frederick, former
interim Chief Financial Officer, to Chief Financial Officer.
First joining SafeNet in June 2006 as Vice President and Worldwide
Controller, Mr. Frederick was promoted to Chief Accounting Officer and
interim Chief Financial Officer in October of 2006. In the role as Chief
Financial Officer, Mr. Frederick will maintain responsibility for all
accounting, finance and treasury functions.
“Since assuming the role of interim Chief
Financial Officer, Mr. Frederick has not only done an admirable job
managing the company’s restatement process,
but has successfully incorporated additional accounting controls and
governance to his areas of responsibility,”
said Walter Straub, chairman and interim CEO, SafeNet. “Mr.
Frederick’s more than 20 years of experience
as a senior financial executive, understanding of our business and
business acumen will continue to benefit SafeNet in the future.”
Before joining SafeNet, Mr. Frederick served as Vice President and
Corporate Controller for Arby's Restaurant Group. His diverse experience
has included roles at both large and small companies, for which he has
been the principal executive responsible for public reporting, Sarbanes
Oxley compliance, strategic planning, treasury, internal audit and tax.
About SafeNet, Inc.
SafeNet is a global leader in information security. Founded more than 20
years ago, the company provides complete security utilizing its
encryption technologies to protect communications, intellectual property
and digital identities, and offers a full spectrum of products including
hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, ARM, Bank
of America, NetGear, the Departments of Defense and Homeland Security,
Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and
scores of other customers entrust their security needs to SafeNet. For
more information, visit www.safenet-inc.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995
The statements contained in this release, which are not historical
facts, are forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These statements are subject to uncertainties that could
cause actual results to differ materially from those set forth in or
implied by forward-looking statements. Important factors that could
cause actual results to differ materially are included but are not
limited to those listed in SafeNet's periodic reports and registration
statements filed with the Securities and Exchange Commission. The
Company assumes no obligation to update information concerning its
expectations.