Adam Stedham, who joined the board of VerifyMe in April 2022, has been named its new chief executive officer. He will assume the position effective 19 June 2023, replacing interim CEO Scott Greenberg, who will remain in his role as chairman of the board but will no longer be executive chairman.
VerifyMe and its subsidiaries, Trust Codes Global and PeriShip Global provides brand owners time and temperature sensitive logistics, supply chain traceability and monitoring, authentication, anti-counterfeiting, and data-rich consumer engagement services,
“The board of directors is excited that Adam Stedham is becoming our CEO,” stated Scott Greenberg, chairman of the Board. “Adam’s previous successful experience as CEO of GP Strategies, formally a NYSE company, eventually resulted in the sale of the Company for approximately $400 million . GP Strategies’ revenue grew to in excess of $450 million. Adam’s vision over the years enabled GP Strategies to navigate through the pandemic, integrate acquisitions, establish foreign operations, and build a strong sales team. I believe that with VerifyMe’s acquisitions in the last 18 months, Adam is a great choice to take over the reins as CEO of the company.”
Stedham said, “With the recent acquisitions by VerifyMe and the growth opportunities in the marketplace, this is a very important time for the company. I believe that there is a strong opportunity to grow the platforms that have been developed related to PeriShip, Trust Codes and VerifyMe, and believe that the Company is well positioned to provide significant value to shareholders and customers. I look forward to working with the management team, board of directors, shareholders and the company’s business partners.”
Until his appointment, Stedham was CEO of GP Strategies and has served as CEO since June 2020. He also served as president from November 2017 to October 2021. Stedham joined GP Strategies in 1997, after six years as a nuclear reactor operator in the US Navy. He has held roles of increasing responsibility during his tenure, including leading operational service lines, directing acquisitions and divestitures, heading business development, and managing the Asia-Pacific region.
He is chairman of the board of Global Connections for Women, a non-profit organization. Stedham has significant expertise in business strategy, mergers and acquisitions, learning and performance innovation, global operations, and strategic relationship management. He holds a Master of Business Administration from Anderson University, Master’s of Education from University of Pennsylvania, and Master’s in Adult & Community Education from Ball State University.
VerifyMe, together with its subsidiaries, Trust Codes Global and PeriShip Global, is a software driven logistics provider of high-touch, end-to-end logistics management. They provide logistics management from a sophisticated IT platform with proprietary databases, package and flight-tracking software, weather, and flight status monitoring systems, as well as dynamic dashboards with real-time visibility into shipment transit and last-mile events.
