December 14, 2009, 12:00 AM

Former VeriSign exec takes over as CEO of TRUSTe

TRUSTe, a provider of security services that certify that web sites protect confidential consumer data like credit card account numbers, has named former VeriSign executive Chris Babel as its new chief executive.

 

TRUSTe, a provider of security services that certify that web sites protect confidential consumer data like credit card account numbers, has named former VeriSign Inc. executive Chris Babel as its new chief executive.

Babel succeeds Fran Maier, who will remain with TRUSTe as executive chairman and president responsible for developing the company’s brand and market presence.

"Chris brings a wealth of talent and experience to the position and I know the company will be well served by his leadership," Maier says. "I look forward to working with Chris to expand TRUSTe and our range of privacy and trust services."

Babel spent more than 10 years at VeriSign, a provider of Internet security technology and related services. He most recently was senior vice president and general manager of VeriSign’s worldwide Authentication Services business, which covers SSL data encryption and identity authentication technology, where he was responsible for strategy, sales, marketing, product and support.

Prior to leading Authentication Services, Babel was vice president of VeriSign’s Managed Security Services business. Earlier, Babel served as chief of staff to VeriSign’s CEO and as vice president of corporate development. His responsibilities have included heading strategic planning, restructuring several businesses, and executing VeriSign’s acquisitions of companies including Network Solutions, Signio and Thawte.

Before joining VeriSign, Babel was an associate in financial services firm Morgan Stanley’s Technology Mergers and Acquisitions group, where he worked on equity and debt financings, acquisitions, divestitures and spin-off transactions for a number of technology companies.

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