VeriSign has announced that Mark McLaughlin has been named as president and chief operating officer.
Founder Jim Bidzos will continue to serve as executive chairman of the board of directors and chief executive officer on an interim basis.
McLaughlin was previously executive vice president of products and marketing at VeriSign until 200y. He played a key architectural role in developing VeriSign's strategy to focus the company on its core internet infrastructure services, while divesting several non-core businesses.
As president and chief operating officer, McLaughlin will report to Bidzos and have full responsibility for the company's operations, including the naming and authentication (SSL and IAS) business units, and the technology and strategy organisations. Staff functions of finance, legal and corporate development, as well as VeriSign Japan, will continue to report to Bidzos.
Bidzos said that the VeriSign board selected McLaughlin because he is uniquely qualified to help the company move forward in executing its strategy given McLaughlin's role in developing that strategy and his deep understanding of the Internet and security markets.
Bidzos said: “I'm very excited to welcome Mark back to VeriSign. He's one of the most capable, high-energy leaders I've had the pleasure to work with, and we work extremely well together. Mark's knowledge of the company and our industry were very important factors in today's announcement. For the time being I will continue as interim CEO.”
McLaughlin said: “VeriSign has tremendous strengths and is executing on the right strategy at the right time. It's great to be back and I'm looking forward to seeing the company move to the next level.”