Wave Systems changes CFOs as part of executive shakeup

|About: Wave Systems Corp. (WAVX)|By:, SA News Editor

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.