Ipsidy Gets New Chairman as Former CEO Retires

Ipsidy has a new Chairman of the Board as Philip Beck steps down for retirement.

Beck was named CEO and Chairman of the Board of the biometric authentication specialist back in 2017. He steered the company through its rebrand as Ipsidy and its listing on the OTCQB securities market, and hired key executives over the course of his term, among other achievements.

He’ll now be replaced by Phillip Kumnick, who was first appointed to the Board last November. Kumnick, a former VP at Visa, was named Deputy Chairman of the Board in January of this year, and became the company’s new CEO in May.

“We thank Philip for his tireless efforts, leadership and strategic contributions that have positioned Ipsidy for future success,” said Kumnick in a statement announcing the changes, adding later, “I thank the Board for the trust they have placed in me to lead the Company as his successor. We wish Philip well in all his future endeavors.”

For his part, Beck expressed his belief that Ipsidy has reach an “inflexion point” that points to “a tremendous future”.

“I am particularly comfortable in passing the mantle to Phillip Kumnick with whom I have worked for almost twenty years and who I am confident will take the Company to the next level,” he said. “I look forward to the team’s continued successes.”

The board changeover comes during “an uptick in interest” in Ipsidy’s identity verification technology, as the company put it in a corporate update this past summer. Ipsidy’s selfie onboarding solution has since been integrated into LoginID’s ‘FIDO-as-a-Service’ platform.

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November 2, 2020 – by Alex Perala