That decline is larger than the multichannel retailer’s overall 5.8% sales decline.
VeriSign, whose technology enables many e-commerce sites to communicate securely with customers, has promoted president Mark McLaughlin to CEO. He replaces company founder Jim Bidzos, who had been interim CEO and remains on board as executive chairman.
VeriSign Inc., whose technology enables many e-commerce sites to communicate securely with customers, has promoted Mark McLaughlin to CEO. When he moves into his new position August 17, he will replace company founder Jim Bidzos, who had been serving as interim CEO and remains on board as executive chairman.
McLaughlin has held several executive positions with VeriSign and was named president and chief operating officer in January. Bidzos had been interim CEO since June 2008 when William A. Roper gave up the post.
The company also announced that Brian Robins had been promoted to executive vice president and chief financial officer, effective immediately. Robins had been acting chief financial officer since April 2008.
“Mark is an exceptionally strong leader with a unique knowledge of VeriSign’s businesses,” Bidzos says. “Both he and Brian, who has demonstrated leadership and financial acumen notably during the significant restructuring of the company, have the experience necessary to lead VeriSign as the most trusted provider of Internet infrastructure services.”
VeriSign is the leading provider of security certificates to online retailers in the Internet Retailer Top 500 Guide, used by 132 of those retailers, according to the 2009 edition of the Top 500 Guide.