VerifyMe Appoints new Chief Executive Officer

VerifyMe, Inc. together with its subsidiaries, Trust Codes Global Limited (“Trust Codes Global”) and PeriShip Global LLC (“PeriShip Global”), (together “VerifyMe,” “we,” “our,” or the “Company”) provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich consumer engagement services, announced today that Adam Stedham has been appointed Chief Executive Officer.

Mr. Stedham, who joined the Board of VerifyMe in April 2022 has been named the new Chief Executive Officer of VerifyMe. He will assume the position effective June 19, 2023, replacing interim CEO Scott Greenberg. Mr. Greenberg will remain in his role as Chairman of the Board but will no longer be executive chairman.

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“The Board of Directors is excited that Adam Stedham is becoming our CEO” stated Scott Greenberg, Chairman of the Board. “Adam’s previous successful experience as CEO of GP Strategies, formally a NYSE company, eventually resulted in the sale of the Company for approximately $400 million . GP Strategies’ revenue grew to in excess of $450 million. Adam’s vision over the years enabled GP Strategies to navigate through the pandemic, integrate acquisitions, establish foreign operations, and build a strong sales team. I believe that with VerifyMe’s acquisitions in the last 18 months, Adam is a great choice to take over the reins as CEO of the Company.”

Incoming CEO Adam Stedham said, “With the recent acquisitions by VerifyMe and the growth opportunities in the marketplace, this is a very important time for the Company. I believe that there is a strong opportunity to grow the platforms that have been developed related to PeriShip, Trust Codes and VerifyMe, and believe that the Company is well positioned to provide significant value to shareholders and customers. I look forward to working with the management team, Board of Directors, shareholders and the Company’s business partners.”

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