VerifyMe continues to evolve after a major corporate overhaul with the appointment of a new member to its Board of Directors. Lawrence Schafran, an investment specialist, will bring his many years of experience to the team.
Schafran has worked in executive positions with firms such as Providence Capital, where he was managing director, and COMSAT, Inc., Capsure Holdings, Banyan Strategic Realty Trust, and elsewhere. Currently, he is a board member with Wright Investors’ Service Holdings, Glasstech, and Cupcake Digital.
Introducing him in a press release, VerifyMe CEO Paul Donfried asserted that “Larry’s public company, audit and investment expertise adds significant value to our board as we continue to build the company after our restructuring,” while Schafran said he feels “honored to join VerifyMe’s Board of Directors,” and praised the company’s managers and technology, asserting that VerifyMe “has a solid foundation for future growth and a strong portfolio of security products.”
Schafran’s appointment complements the appointment of new COO Benjamin Burrell in July and other new executives in June with the company’s restructuring. Previously called LaserLock, the company essentially bought the IP portfolio and brand of its main technology supplier, VerifyMe.
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September 30, 2015 – by Alex Perala
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