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The board also appointed Nathan to re-serve on the Company's board of directors.
In the 1980s, Nathan helped fuel the growth of powerhouse companies Commodore Computer and Atari Corp. He served from 1979-1984 as Division VP/Semiconductors with Commodore during its explosive growth which saw revenues rise from $79M to $1.2B in five years. With Atari, he directed Worldwide Operations as VP, responsible for hardware and software engineering and manufacturing operations in Taiwan, Japan and the U.S., including a 1,400-person facility in Taiwan. As VP, Operations of Actel he helped build a startup from $1.5M to $50M in four years, with substantial venture capital fundraising that led to a successful initial public offering.
"Rich is an engineer who understands technology solutions, with a proven track record of growth in integrated circuits and circuit packaging and other high-tech endeavors. He understands both the powerful product application potential and the real-world production requirements that this sophisticated one-time passcode credit-card operating system requires. We appreciated his input while serving on the board and are optimistic about having him steer the company," said Dr. Donald Joyce, Chairman of the Board of InCard Technologies. "I thank Steve for his service to the company and appreciate his support during the transition."
The Board elected not to renew prior president and CEO Steven R. Delcarson's interim contract, voting unanimously to replace him with Nathan.
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