WISeKey Appoints Pierre Maudet As Chief Digital Transformation Officer

Rhea-AI Summary

WISeKey International Holding Ltd has appointed Pierre Maudet as its new Chief Digital Transformation Officer, effective immediately. Maudet, a former Swiss politician with over 20 years of experience, is expected to enhance the company’s initiatives in artificial intelligence and digital transformation. His previous roles included Mayor of Geneva and key positions in digital strategy development. The appointment aims to strengthen WISeKey’s leadership in the AI space and drive its digital transformation strategy globally.

Positive

• Appointment of Pierre Maudet expected to enhance digital transformation efforts.
• Maudet's extensive experience in public affairs and digital strategy could provide fresh insights.
• Focus on artificial intelligence aligns with market trends and demands.

Negative

• Potential concerns about continuity with a shift from public sector to corporate environment.
• Experience primarily in public service may not fully translate to corporate challenges.

WISEKEY APPOINTS PIERRE MAUDET AS CHIEF DIGITAL TRANSFORMATION OFFICER

Geneva, Switzerland, May 3, 2021: WISeKey International Holding Ltd ("WISeKey", SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity and IoT company, today announced that it has appointed Pierre Maudet as its Chief Digital Transformation Officer, effective immediately.

Mr. Maudet is a Swiss politician with more than two decades of experience in public affairs management. During his career, he held several leading public office positions, including Mayor of Geneva (2011) and President of Geneva Government (2018). From 2012 to 2021, he was a Member of Executive Council of State of Geneva and as Cantonal Minister in charge of security, energy, digital technology, and the economy.

During his long career in the public sector, Mr. Maudet worked extensively to promote numerous government regulations and economic policies to support innovation, competitiveness and also the digital transformation of the economy of Geneva and Switzerland. Such regulations include the development of a digital strategy (2018), blockchain strategy (2019), and the creation of a special fund for innovation (2020) to support the country’s digital transformation. Furthermore, during the time he served as President of the Conference of Directors of Justice and Police (2018), Mr. Maudet supported the efforts of the Geneva State Criminal Police, one of the largest police forces in Switzerland, to fight cybercrime and become the headquarters of the regional cybercrime center for western Switzerland.

During his career he also served on several boards and in 2014 chaired the board of Geneva International Airport. He holds a Master’s in Law degree from the University of Friborg.

As WISeKey’s Chief Digital Transformation Officer, Mr. Maudet will focus on expanding the Company’s activities on matters related to artificial intelligence and digital transformation with the objective of reinforcing its position as a leader in AI though Knowledge Automation.

“I am delighted to have Pierre join our team. His extensive experience in the digital transformation will be a very valuable asset to WISeKey as we continue accelerate our efforts in this area. It is hard to imagine anyone who has been more prolific, profound and influential in explaining and promoting digital transformation and its impact on the world than Pierre. I am confident that his unique background and extensive experience in building and anticipating the future of the 4th Industrial Revolution will play a vital role in our efforts to deploy our digital transformation strategy worldwide," said Carlos Moreira, WISeKey's Founder and CEO.

About WISeKey

WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd Company Contact:  Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@wisekey.com

WISeKey Investor Relations (US) Contact:  Lena Cati The Equity Group Inc. Tel: +1 212 836-9611 lcati@equityny.com

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

FAQ

Who is Pierre Maudet and what experience does he bring to WISeKey?

Pierre Maudet is the newly appointed Chief Digital Transformation Officer at WISeKey, bringing over 20 years of public sector experience, including roles as Mayor of Geneva and in charge of digital technology.

What is the role of the Chief Digital Transformation Officer at WISeKey?

The Chief Digital Transformation Officer is responsible for expanding WISeKey's activities in artificial intelligence and digital transformation to strengthen its market position.

How might Pierre Maudet's appointment impact WISeKey's future?

Maudet's appointment may accelerate WISeKey's digital transformation strategy and reinforce its leadership in AI, positively impacting its competitive position.

When was Pierre Maudet appointed as Chief Digital Transformation Officer?

Pierre Maudet was appointed as Chief Digital Transformation Officer on May 3, 2021.