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Jul 7 2008   2:45PM GMT

Verisign names new CEO

Robert Westervelt Robert Westervelt Profile: Robert Westervelt

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VerisignVeriSign CEO Bill Roper announced his resignation late last week. He served in the position for only a year. Roper was replaced by company founder and chairman, Jim Bidzos. In a statement, VeriSign said Roper officially left the position on June 30.

Roper was appointed in May 2007 after former CEO Stratton Sclavos also abruptly resigned from the position. The company said Bidzos will remain at the helm while VeriSign searches for a CEO and president.

The resignation comes at a time of a serious strategy shift at the company. VeriSign hinted last year, according to reports, that it would begin selling off some of its business units, such as its communications division, which focuses on routing and a billing processing unit for wireless providers.

“As chairman during the last year, I have been actively involved with VeriSign’s management team and I now look forward to capitalizing on the company’s growth opportunities within its core businesses and new opportunities that align with the company’s core competencies,” Bidzos said in a statement.

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