Identive Group Inc.

EANS-News: Identive Group Inc.

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Management Changes

SANTA ANA, Calif. and ISMANING, Germany, May 3, 2012 (euro adhoc) - Identive
Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a provider of products and services
for the identification, security and RFID industries, announced that David Wear,
44, has joined the Company today as Executive Vice President, Finance, and will
be based at the Company's offices in Ismaning, Germany. 

Wear will assume the role of Executive Vice President, Chief Financial Officer
and Company Secretary on July 1, 2012, replacing Melvin Denton-Thompson, who
will remain with the Company as Executive Vice President for Special Projects
through March 31, 2013 to, among other things, facilitate the transition of the
CFO role.
Wear has nearly 25 years' experience in finance and financial management on a
global basis, with significant experience in the security industry. For more
than 15 years he served in regional and divisional management roles within the
security businesses of United Technologies Corporation (UTC), where his
responsibilities included regional oversight of internal controls and
Sarbanes-Oxley compliance. As a regional CFO, he managed financial operations
and reporting for the UTC Fire and Security, Chubb and Williams subsidiaries in
Europe and Asia and oversaw the transition from UK GAAP to US GAAP. Most
recently Wear was responsible for finance transformation and restructuring
programs for the $1.0 billion UK operations of UTC Fire and Security. He
qualified as a Chartered Management Accountant in 1991.

"David's record as a successful business leader and his deep expertise in the
global security industry are ideal prerequisites to take on this important role
on our management team to support our financial strategy and growth
initiatives," said Ayman S. Ashour, Chairman and Chief Executive Officer of
Identive. "We welcome David to our team and believe his strong operational
experience as a CFO and his proven ability to balance cost reductions and growth
will benefit Identive and our stockholders and enhance our communications with
the capital markets."

Ashour added, "I am very grateful to Melvin for helping to guide Bluehill ID
since our early start-up days in 2008, and Identive since its combination with
Bluehill in 2010.  Melvin has been an important contributor in transforming
Identive to a high-growth global technology company, and has agreed to help as
needed with the transition period for David Wear." 

About Identive 
Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV) is focused on building the
world's signature company in Secure ID. The company's products, software,
systems and services address the markets for identity management, physical and
logical access control, cashless payment, NFC solutions and a host of
RFID-enabled applications for customers in the government, enterprise, consumer,
education and healthcare sectors. Identive's mission is to build a lasting
business of scale and technology based on a combination of strong
technology-driven organic growth and disciplined acquisitive expansion. The
company delivers up-to-date information on its activity and the industry trends
through its industry-leading social media initiatives and educational resource,
Ask For additional information, please visit or follow on Twitter at @IdentiveGroup.

Further inquiry note:
Mr. Lennart Streibel
Tel.: +49 89 9595-5195

end of announcement                               euro adhoc 

company:     Identive Group Inc.
             Carnegie Ave., Bldg. B  1900 
             US-CA 92705  Santa Ana
phone:       +1 949 553 4280
FAX:         +49 89 9595-5555
sector:      Computing & Information Technology
ISIN:        US45170X1063
indexes:     NASDAQ
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
             Nasdaq: New York, Open Market / Entry Standard: Frankfurt 
language:   English

Weitere Meldungen: Identive Group Inc.

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