SCM Microsystems Appoints New Executive
March 17 2006 - 2:30AM
PR Newswire (US)
FREMONT, Calif., March 17 /PRNewswire-FirstCall/ -- SCM
Microsystems, Inc. (Nasdaq: SCMM; Prime Standard: SMY), a leading
provider of solutions that open the Digital World, today announced
that its Board of Directors has authorized management to pursue
certain restructuring and strategic efforts that ultimately will
consolidate the Company's executive offices into Ismaning, Germany,
in an effort to reduce costs and improve the Company's strategic
position. As part of the restructuring, the Company announced today
that effective March 21, 2006, Steven Moore, the Company's current
Chief Financial Officer, based in Fremont, California, will
transition to a role which is focused on certain strategic projects
for the Company. Stephan Rohaly, who was hired by the Company on
March 14, 2006 as Vice President, Finance, has been appointed by
the Board to assume the responsibilities of Chief Financial Officer
of the Company, effective March 21, 2006. He will be based at the
Company's offices in Ismaning. Prior to joining the Company,
Stephan Rohaly was the Director of Corporate Finance at Viatris, a
German pharmaceutical firm, and before that, he served as Business
Unit and Finance & Administration Director for Nike Germany.
Prior to Nike, Mr. Rohaly was Symantec's Finance &
Administration Officer for Central and Eastern Europe. He received
his MBA degree from Rice University, and holds a Bachelor of
Science and Business Administration, Magna Cum Laude in Mathematics
and Computer Information Systems Management from Houston Baptist
University. "We appreciate Steve Moore's many contributions during
his nearly three years of service as CFO at SCM. Most recently, he
has begun the process of centralizing SCM's global operating
structure to better align with our end markets, while also leading
the implementation of a corporate compliance infrastructure that we
believe is a model for small public companies," said Robert
Schneider, SCM's Chief Executive Officer. "We are also pleased to
welcome Stephan Rohaly, who will work very closely with me to
continue to streamline our operations. His prior experience as both
a financial leader and business-line executive will help ensure a
seamless and smooth transition." About SCM Microsystems SCM
Microsystems is a leading supplier of solutions that open the
Digital World by enabling people to conveniently access digital
content and services. The company develops, markets and sells its
smart card reader technology for PC, network and physical access
and conditional access modules for secure digital TV decryption to
OEM customers in the government, financial, enterprise and
broadcasting markets worldwide. Global headquarters are in Fremont,
California, with European headquarters in Ismaning, Germany. For
additional information, visit the SCM Microsystems web site at
http://www.scmmicro.com/. NOTE: All trade names are either
trademarks or registered trademarks of their respective holders.
DATASOURCE: SCM Microsystems, Inc. CONTACT: investors and media,
U.S., Darby Dye, +1-510-360-2302, or , or Europe, Manfred Mueller,
+49-89-9595-5140, or , both of SCM Microsystems Web site:
http://www.scmmicro.com/
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