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Wave Systems changes CFOs as part of executive shakeup

  • Wave Systems (WAVX) CFO Jerry Feeney is stepping down, and will be replaced by Walter A. Shephard, most recently the CFO of LED product vendor Luminus Devices.
  • Wave is also promoting Andrew Avery, who in the past has been Wave's VP of strategic business development and VP of OEM/channel sales, to the roles of SVP of global business development and VP of Asia-Pac sales.
  • Simon Tidnam, formerly the head of marketing/business development for Wave's Scrambls content-sharing product, is now the company's VP of corporate development.
  • CEO Bill Solms is now also Wave's President.
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