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VeriSign's Sclavos Appointed by President Bush to NSTAC

WASHINGTON, D.C., April 25, 2003 - President Bush announced yesterday that he is appointing Stratton Sclavos, President and Chief Executive Officer (CEO) of VeriSign, to the President’s National Security Telecommunications Advisory Committee (NSTAC).

The President's NSTAC is composed of up to 30 presidentially appointed industry leaders (usually chief executive officers). In its advisory role to the President, the NSTAC provides industry-based analyses and recommendations on a wide range of policy and technical issues related to telecommunications, information assurance (IA), infrastructure protection, and other national security and emergency preparedness concerns. The current NSTAC chair is Dr. Vance D. Coffman, Chairman and CEO of Lockheed Martin Corporation.

As its President and CEO of VeriSign, Sclavos heads a company that is one of the leading provider of trusted infrastructure services to Web sites, enterprises, electronic commerce service providers and individuals.

With a simple mission "to enable everyone, everywhere to use the Internet with confidence," the company's domain name, digital certificate and payment services provide the critical Web identity, authentication and transaction infrastructure that online businesses require to conduct secure e-commerce and communications.

Since he joined VeriSign in July 1995, the company has built a reputation as the Internet's most trusted utility. Under Mr. Sclavos' leadership, the company has grown from 4 employees and less than a million dollars in annual revenues in 1995 to more than 2,000 employees and a revenue run-rate approaching $1 billion dollars at the end of 2000. The company completed a successful IPO in January of 1998 and achieved operating profitability in 1999. Deloitte and Touche in their year 2000 annual survey of America’s fastest growing public companies also recognized VeriSign as one of the Silicon Valley Fast 50.

Mr. Sclavos sits on the board of directors of several public and private companies including Juniper Networks, Keynote Systems and Marimba Inc. He was recognized by the Silicon Valley Business Journal as the Entrepreneur of the Year in 1998 in the emerging companies category.

In addition to being active in the local community, Mr. Sclavos and his wife formed the Sclavos Family Foundation in 1999 to support charitable efforts in education and medical research.

Prior to joining VeriSign, Mr. Sclavos held executive management positions with several Silicon Valley technology companies. From 1994 to 1995, he was Vice President of Worldwide Marketing and Sales for Taligent Inc., a joint venture of Apple, IBM and Hewlett Packard. Mr. Sclavos served as Vice President of Worldwide Sales and Business Development for GO Corporation, a mobile computing company, from 1992-1993.

Prior to that, he spent five years at MIPS Computer Systems in various executive positions and as a member of the senior management team during the company's successful IPO in 1989 and subsequent merger with Silicon Graphics Inc. in 1992. Mr. Sclavos also held executive positions at Megatest Corporation, a semiconductor equipment firm, from 1982 through 1987.

Mr. Sclavos holds a BS in Electrical and Computer Engineering from the University of California, Davis.

Photo courtesy of Verisign

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