Roach, who has spent decades overseeing the operations of multi-billion dollar companies, will serve on the VeriSign board's audit committee. Roach's tenure as VeriSign's ninth board member began July 19.
"John understands what it takes for fast-growing companies to live up to their corporate governance obligations," said Edward A. Mueller, chairman of VeriSign's board of directors. "He is a seasoned executive with a wealth of experience at the helm of large, successful organizations and will give us valuable insights in these and many other areas."
Prior to joining Stonegate, Roach served as executive chairman of Unidare US, the North American wholesale distribution subsidiary of Unidare plc, a public Irish financial holding company headquartered in Dublin. He also founded and managed a variety of leading companies in the building products and construction materials industries.
"Like the companies that provide the building blocks for the world's physical infrastructure, VeriSign delivers what the world's digital networks need to operate reliably and securely, every minute of every day," said Roach. "The future is in the hands of those who are willing to build it. More and more, the future is being built on VeriSign's digital infrastructure. I look forward to serving VeriSign's board as we build an exciting future for the company and its customers."
Roach founded and was chairman, president and chief executive officer of Builders FirstSource, Inc, the nation's leading distributor of building products to production homebuilders. He was also chairman, president and chief executive officer of Fibreboard Corporation, a building products company acquired by Owens Corning in 1997, and Johns Manville Corp., where he initially served as chief financial officer and eventually oversaw all building materials and industrial products businesses. Earlier in his career, Roach served as a strategy consultant with several leading consulting firms.
He has served on 10 public boards and currently holds positions on the boards of PMI Group and URS Corporation. As a member of these boards, Roach has served on numerous Audit, Compensation and Governance and Nominating Committees, including serving as chairman of an Audit Committee and of two Compensation Committees. He earned a bachelor's degree in industrial management from the Massachusetts Institute of Technology and a master's degree in business administration from the Stanford Graduate School of Business.
VeriSign, Inc. (
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services, and implement price increases, and customer acceptance of any new products, services, or price increases, including the price increases mentioned herein; the possibility that VeriSign's announced new products, services and price increases may not result in additional customers, profits or revenues; and increased competition. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2006 and quarterly reports on Form 10-Q and current reports on Form 8-K. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.