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Identive Announces New Chairman Of The Board And Management Team Promotions

Stocks in this article: INVINVE

SANTA ANA, Calif. and ISMANING, Germany, Sept. 27, 2013 (GLOBE NEWSWIRE) -- Identive Group, Inc. (Nasdaq:INVE); (Frankfurt:INV) announces Steven Humphreys as its new chairman of the board and the promotion of Lawrence W. Midland to president and Dr. Manfred Mueller to chief operating officer of the company. All appointments are effective immediately.

"Identive's ability to operate as a united, focused company is strengthened with the appointments approved by our board today," said Jason Hart, chief executive officer of Identive. "Steve brings practical wisdom and experience to the role of chairman, gained from his successes as a technology executive and as a long-time affiliate of the company. Larry and Manfred combine excellent operational performance with strong leadership and passion. These changes continue our momentum to refocus the company, simplify our structure and leverage our strong capabilities to deliver trusted access solutions for the connected world."

In accepting the role of chairman, Humphreys said, "This is a time of major evolution for the security industry and an exciting time for Identive. The company has unique strengths and expertise to address the growing need to trust everything in the connected world – including people, buildings, information, and even assets. I look forward to working with Jason and the senior leadership team. On behalf of the board, I would like to express our appreciation to Ayman for his leadership and service."

Steven Humphreys

Steven Humphreys, 52, has been a director of the company since 1996, an independent director since 2000, and previously served as chairman of the board from 2000 to 2007. From 1996 to 2000 he also served in the roles of president and chief executive officer. Humphreys succeeds Ayman S. Ashour.

During his 25-year career, Humphreys has led a number of technology companies, including Kleer Corporation, ActivCard Corporation and Caere Corporation. Currently, he serves as chief executive officer of Flywheel Software, Inc., a privately-held location-based mobile solutions company. He holds a BS degree from Yale University and MS and MBA degrees from Stanford University.

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