SafeNet appoint new CEO

Mark A. Floyd has been appointed as chief executive officer of SafeNet.

Floyd has previously been the CEO of communications equipment providers Entrisphere and Efficient Networks. He joined the executive management team at SafeNet on 1st July to take up a position that had been vacant since October of 2006.

Chris Fedde, president and COO at SafeNet, said: “Mark brings more than 30 years of executive leadership to our company, with experience that complements our management team and company goals superbly. His successes range from founding his own company to running multi-billion dollar technology organisations to public offerings.

“This is a true case of adding strength to strength, with Mark's expertise and understanding of growing business building on SafeNet's position in the information security market. This is the combination that will meet our strategic goals for SafeNet's future.”

Floyd said: “What really attracted me to SafeNet was the unique combination of scale and intellectual property advantage along with an extremely talented management team and employee base.

“The company is truly a leader in a dynamic sector, selling the most important products to the most security conscious commercial and government customers in the world.  With that platform, I think we can do incredible things to drive and grow this business and I feel very fortunate to be part of the team to lead this effort.”

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