LEE -- Wave Systems Corp. has filled two top executive positions, including an acting CEO to replace the outgoing Steven Sprague.
William Solms has been appointed Wave's acting CEO by the company's board of directors, while he has been replaced as the company's vice president of North American sales by Tom Conte. A 25-year information technology veteran, Conte will assume his new duties on Monday.
Solms is only the third CEO in the company's 26 year history. He will be responsible for ensuring a smooth transition and leading Wave's executive team. The board will alter its previously announced search for a chief operating officer to search for a permanent CEO.
The board of directors voted to replace Sprague, according to Wave Systems, although Sprague has indicated that he will continue to serve as a member of that board.
"I look forward to helping the board and Bill with the transition," he said in a statement.
Board chairman John Bagalay thanked Sprague for his service, and for the "passion, dedication and commitment," he brought to the company as Wave's CEO.
"The board sees a tremendous opportunity for growth going forward, and we have full confidence in Bill's ability to lead a very talented and innovative team in translating Wave's product vision into a commercial reality," Bagalay said in a statement.
A graduate of the U.S. Military Academy at West Point, Solms served a distinguished career as an active duty Army officer, capping his 20 plus years in the military at the Pentagon as a member of the Joint Staff.
In that position, Solms authored a new version of U.S. military war plans, and oversaw the team revising Joint Publication 3.0 "Joint Operations," both of which were then approved by the Joint Chiefs of Staff as the new standard across all of the U.S. Department of Defense.
Most recently, Solms held executive positions at both IT consulting firm IntelliDyne and A-T solutions. As an executive at A-T solutions, William led a team engaged in a strategic program acquisition in anti-terrorist and counter-IED professional services within the US Department of Defense and European defense markets. He also served Microsoft as a sales executive.
Conte will oversee all of Wave's sales activity across North America, helping organizations leverage Wave's comprehensive software suite for establishing multifactor authentication, managing encryption and detecting advanced persistence threats.
Before joining Wave, Conte served as sales director for Dell's Federal Government OCONUS (Outside the Continental United States) division, selling solutions that address the unique requirements of U.S. federal customers located around the world.
While at Dell, Conte worked with the U.S. State Department, the United Nations, the U.S. Army and the Executive Office of the President, and multinational organizations such as the U.N. Development Program, the Pan American Health organization, and the Inter-American Development Bank. Conte served as global account manager for Dell from 2004 to 2010.
"Tom has an impressive track record of driving sales within the U.S. public and private sectors as well as growing global markets," Solms said.
"There is an increasing awareness of Wave within the government and military agencies I've worked with while at Dell," Conte said. "I am excited about the near-term opportunities to help solve critical security needs for the federal government and across enterprises in North America and look forward to building on the progress that Bill has made this year."
Wave Systems helps organizations manage computer security, reducing the complexity, cost and uncertainty of data protection by starting inside the device.