Flexible Electronics News

Identive Group Announces Further Cost Reductions at Board and Executive Levels

Ayman Ashour appointed CEO; Felix Marx appointed COO

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By: DAVID SAVASTANO

Editor, Ink World Magazine

SCM Microsystems d.b.a Identive Group, a provider of products, services and solutions for the security, identification and RFID industries, announced further significant reduction in costs at the Board of Directors and executive management levels. Independent directors Dr. Boersch and Mr. Wenzel waived their right to receive any form of compensation from the company for 2010, and independent directors Douglas Morgan, Dr. Hans Liebler and Steven Humphreys have agreed not to receive any compens...

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