VerifyMe announces strategic reorganization of its business

VerifyMe announced a strategic reorganization of its business aimed at accelerating growth through leveraging its technology strengths, expanding its marketing capabilities and optimizing overhead expenses. The company will be organized into two segments: Authentication (incorporating Brand Protection Services and Trust Codes Global Limited) and Precision Logistics (PeriShip Global). Paul Ryan will be the Executive Vice President, Authentication Segment. Ryan co-founded the Trust Codes platform (acquired by VerifyMe in March 2023) and developed it into the powerful product cloud that today provides brand protection, consumer engagement, GS1 digital link and traceability. His 30 years of experience also reaches across other global software and technology businesses; namely medical records processing, payments, and traceability sectors. Curt Kole will be the Executive Vice President, Precision Logistics Segment. Kole has 25 years of experience in many aspects of the logistics industry with extensive knowledge in the needs of customers whose products have specific time, temperature, or other criticality requirements. Kole has served as the Executive Vice President, Global Sales and Strategy at PeriShip Global. Nancy Meyers will become Chief Financial Officer. Since joining VerifyMe in September 2021, Meyers has served as SVP Finance and Investor Relations, overseeing integration and business process improvements for acquisitions. With over 25 years in accounting and finance, she has held various roles of increasing responsibility, including financial reporting, analysis, acquisitions, and compliance with the Sarbanes-Oxley Act of 2002. She holds a BA in Economics and is a Charter Professional Accountant. As part of this strategic reorganization, Keith Goldstein, President and Chief Operating Officer, will be leaving the company, and his responsibilities will be absorbed into the CEO role, effective July 31, 2023. In addition, Margaret Gezerlis will be stepping down as Chief Financial Officer and will be providing strategic consulting services to the company, effective July 31, 2023.