Vasco Data Security International, Inc. (NASDAQ: VDSI), a global leader in digital solutions including identity, security and business productivity, today announced that Scott Clements, currently Vasco’s EVP and Chief Strategy Officer, has been appointed President and Chief Operating Officer, effective immediately.
Mr. Clements will succeed Jan Valcke, who will retire from the company. Mr. Clements joined VASCO® in 2015 from Tyco, where he was previously the President of the billion-dollar Retail Solutions business and the company’s Chief Technology Officer.
"Scott is a seasoned executive with broad functional and operational experience and the right skills to help us take VASCO to the next stage of growth," said T. Kendall Hunt, VASCO Chairman and CEO. "Since joining the company last year, Scott has proven himself to be a capable leader who has helped define our vision for future growth. He has proven success in identifying new market opportunities and bringing innovative solutions to market. Scott’s background in transforming and running large global businesses, as well as in building new businesses, will be instrumental as we position VASCO to realize new opportunities in the security industry and deliver increased shareholder value."
"Jan Valcke made significant contributions to VASCO’s strong record of growth and success during his tenure and we greatly appreciate his service," continued Mr. Hunt. "Jan’s extraordinary talent and vision helped to establish VASCO as an industry leader. We thank him for his commitment and achievements and respect his decision to retire."
"I am honored to have the opportunity to build on VASCO’s many accomplishments," said Mr. Clements. "We see myriad opportunities to leverage our position as leaders in authentication and secure transaction technologies to enable trust in the digital world. Our profitable core business, expanding software offerings, global presence and significant financial flexibility are the foundations of our growth strategies and our commitment to value creation for customers, shareholders and employees. I look forward to continuing to work with our strong management team and our dedicated employees around the globe."
Mr. Valcke commented, “After almost two decades as part of the leadership team at VASCO, it is time for me to devote more attention to my family and pass my responsibilities to new leadership. Scott has the experience and vision to take VASCO to the next level. It is gratifying that someone I respect and trust as much as I do Scott will be succeeding me as President and COO. I wish Scott, Ken, and all of VASCO’s talented, dedicated employees much success in the future.”
About Scott Clements
Scott Clements has extensive experience in leadership roles in the technology industry with a strong focus on developing and deploying successful business strategies that integrate customer needs and technology innovation. Before joining VASCO, Mr. Clements spent eleven years at Tyco International where he most recently served as Corporate Senior Vice President, Business Development focused on technology acquisitions. Prior to that, Clements served as President of Tyco Retail Solutions and also as Tyco's Chief Technology Officer. Before joining Tyco, Clements spent a decade at Honeywell International in domestic and international financial and operational leadership roles. Clements received his bachelor's degree in chemical engineering and advanced process control from The Ohio State University and an MBA in finance and corporate strategy from the University of Michigan in Ann Arbor.