Safeguard Scientifics Announces Resignation of James A. Datin
Posted by | June 27, 2013
Today, Safeguard announced that Jim Datin has resigned effective June 30, 2013.
“Jim Datin is a talented executive and consummate professional for whom we wish only the best in the next chapter of his career,” said Stephen T. Zarrilli, Safeguard’s President and Chief Executive Officer. “He helped revitalize and refocus the Company and leaves the Company in excellent financial and strategic condition. As a former CEO, Jim knows that once an executive achieves that managerial pinnacle, they never lose the ambition and desire to lead.”
Since being named CEO in November 2012, Mr. Zarrilli has taken a more active, day-to-day role in Safeguard’s capital deployment process, as part of the strategic objectives announced at the beginning of his tenure. “After significant review of organizational design matters for the Company within the first six-months of my tenure as CEO, I am implementing a flatter organizational structure to drive Safeguard’s future growth,” continued Mr. Zarrilli. “This proposed structure will provide a professional platform designed to yield greater efficiency and effectiveness in deploying capital and realizing exits. We also intend to further develop our segment domain knowledge with several key hires.”
Mr. Datin will continue to serve on the boards of Safeguard partner companies NuPathe (NASDAQ:PATH), Sotera Wireless and NovaSom in the capacity of a Safeguard representative.
