We have recovered billions of dollars for investors.
An evasive conference call with financial analysts Tuesday left Wall Street puzzled as to why Sclavos, who has led Veri Sign since it spun off from RSA in 1995, walked out, and whether he did so willingly.
“I don’t think you should expect dramatic changes,” Roper said.
“We’re going to emphasize managerial discipline in business processes and cost controls.” A San Francisco native and lifelong Bay Area resident, Sclavos, 45, has strong ties to the community as a philanthropist in education and medicine, part owner of the San Jose Sharks hockey team and proprietor of the Greek restaurant Dio Deka in Los Gatos, which opened in November.
“It remains unclear as to what necessitated the change at the top,” Stifel Nicolaus analyst Todd Weller wrote in a research note released Tuesday.
Veri Sign declined to comment beyond the analyst call and statements from Sclavos and the new executives. Sclavos presided over Veri Sign’s rocket rise during the dot-com boom, annual losses of as much as .4 billion during the bust, and recovery during the past few years that drove its stock price from the single digits to the mid-s.