Bob Harbour to Stay on as Executive Chairman
ALBUQUERQUE, NM — February 2, 2012 — Lumidigm Inc., the multi-imaging biometric identity management company, today announced that its Board of Directors has appointed Lumidigm Board member Mark Shermetaro as CEO. Lumidigm Co-founder, Chairman and CEO Bob Harbour will stay on as Executive Chairman of the Board of Directors, effective February 1.
“We are fortunate to be able to bring someone with Mark Shermetaro’s market-focused business development skills and experience to Lumidigm during this period of rapid revenue growth and ambitious product development,” said Harbour. “After three successive years of sustained growth and record revenues, the stage is set to accelerate the maturation of this company with someone with Mark’s skills and experience at the helm.”
Shermetaro said, “As a Board member I have been impressed by Lumidigm’s development into a profitable enterprise with industry-leading products and a rich portfolio of intellectual property. I am excited to join the Lumidigm executive team during this dynamic time in the company’s development and to continue my close working relationship with Bob and the rest of the Board and Investor Group.”
Shermetaro comes to Lumidigm from his position as Vice President of Business Development at Methode Electronics, where he was responsible for leading corporate M&A activity. Shermetaro served on the Lumidigm Board of Directors for two years.
Lumidigm Inc., the multispectral imaging biometrics company, is dedicated to enabling convenient, secure, and reliable identification and verification. Lumidigm fingerprint sensors capture superior images quickly, on all people, in all conditions. Everyone can be enrolled. Everyone can be verified. Lumidigm’s sensors are quick and easy to use — perfect for any application in which speed, security and reliability are paramount. Headquartered in Albuquerque, New Mexico, Lumidigm sensors are distributed worldwide. Lumidigm’s initial venture capital investors are DFJ New England, Draper Fisher Jurvetson, Epic Ventures, Intel Capital, International Venture Fund and Solstice Capital. Other investors include Methode Electronics, Motorola Solutions Venture Capital, New Mexico Co-Investment Partners managed by Fort Washington Capital, and Sun Mountain Capital. For more information, visit www.lumidigm.com.