Long-time President and COO Assumes Top Executive Position
SafeNet, Inc., a global information security firm, today announced that Chris Fedde has been appointed president and chief executive officer, effective immediately. Fedde has been with SafeNet since 2001 and has served as president and COO since 2006.
Fedde succeeds Mark Floyd who served as CEO since July 2009 and has left the company to pursue other opportunities.
“The board looks forward to working with Chris Fedde to build on the company’s momentum at a time of tremendous opportunity,” continued Slusky. “Chris has been an integral member of SafeNet’s management team for a decade and a driving force behind the company’s strategic transformation. He is the ideal person to take on the CEO role at this point in the company’s development.”
Starting his SafetNet career in 2001, Fedde has been an integral part of the company’s leadership team and has been instrumental in building SafeNet’s presence in the federal government and commercial sectors.
SEC filings show SafeNet Holding Corporation, parent company of SafeNet, reporting 2007 revenue of $300.2 million, 2008 revenue of $329 million and $403.7 in revenue for 2009. In the first quarter of 2010, revenue was $107.8 million. The company was taken private back in 2007 by private equity firm Vector Stealth Holdings. SafeNet has over 25,000 customers in 100 countries and over 1,500 employees worldwide.