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VeriSign CEO Steps Down

VeriSign said Tuesday Chief Executive and director Stratton D. Sclavos stepped down from his positions for undisclosed reasons

MOUNTAIN VIEW, Calif. -- VeriSign Inc., a provider of digital commerce and communications products and services, said Tuesday Chief Executive and director Stratton D. Sclavos stepped down from his positions for undisclosed reasons.

The company named William A. Roper Jr. as president and chief executive. Roper had been the board's lead independent director and he has been a board member since November 2003. He most recently served as executive vice president of Science Applications International Corp., a diversified technology services company.

In addition, Edward A. Mueller was named chairman. He is the former head of specialty retailer Williams-Sonoma and has been a director of VeriSign since March 2005.

The company also said it postponed its 2007 analyst meeting, previously set for June 6, to a later date.

VeriSign Inc. (Nasdaq: VRSN)

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