Executives and Board

Board of Directors

Michael E. McGrath

Michael E. McGrath, has served on our Board of Directors since February 2007 and has served as Chairman of our Board of Directors since November 25, 2008. Mr. McGrath served as president and chief executive officer at Dallas-based i2 Technologies from February 2005 until July 2007. Since February 2008 he has been the executive chairman of The Thomas Group, based in Dallas. Mr. McGrath is also the founder and author of the Decide Better series of books. In 1976, Mr. McGrath co-founded Pittiglio Rabin Todd & McGrath (PRTM) and served as its president and CEO until his retirement in July 2004. Mr. McGrath is recognized as an expert in product development and product strategy. He holds a bachelor's degree in computer science and management science from Boston College and a master's degree in business administration from Harvard Business School.

F. William Conner

Bill Conner is among the most experienced security and infrastructure executives worldwide with a career that spans more than 20 years across numerous high-tech industries. As a corporate turn-around and cyber security expert, Conner has achieved a number of milestones since he joined Entrust as president and CEO in April 2001. He immediately reset the company's priorities in order to regain momentum and return to profitability, while also changing the business model by reorganizing the organizational structure and products to focus on extended governments and the global 1,000 extended enterprises. These moves helped Entrust regain competitiveness as a global leader in securing digital identities and information. Under Conner's leadership, the company has delivered more new products, capabilities and solutions than in any period in the company's history, while also creating an industry-leading service and support organization. In 2003, Conner received the Corporate CEO Award as part of the annual Tech Titans Award program.

Most recently, Conner has been a leader in the effort to elevate information security to a corporate governance issue and fashion a public-private partnership to protect America's critical infrastructure. He launched and co-chaired the Business Software Alliance Information Security Governance Task Force, which released a security management framework in April 2003. He was a driving force behind the EastWest Institute Worldwide Security Forum, which hosted an international dialogue on these issues in November 2003. And he co-chaired the Corporate Governance Task Force of the National Cyber Security Partnership, which held its first meeting at the National Cyber Summit in December 2003 and released its report "Information Security Governance: A Call to Action" in April 2004.

Before Conner joined Entrust, he held various senior executive positions at Nortel Networks, including president of Nortel Enterprise Networks and e-Business Solutions, where he successfully turned around the global $5 billion business. Conner also served as president of Nortel's first Enterprise Data Networks line of business, where he orchestrated Nortel's $9 billion acquisition of Bay Networks. In addition, he served as Nortel Networks' first chief marketing officer and spearheaded the integration and alignment of the corporation's strategic communications, branding and marketing, including its global "Come Together" and "What Do You Want The Internet To Be?" marketing campaigns. This work had a dramatic increase in brand recognition and business results. He was named "hi-tech marketer of the year" in 2000. Conner joined Nortel Networks in 1992 from AT&T, where he served in various leadership positions.

Conner is on the board of directors of the Metroplex Technology Business Council, the EastWest Institute and the Willis M. Tate Distinguished Lecture Series at Southern Methodist University. He is also a member of the Dallas Citizen's Council, the DFW Wharton Club Advisory Board, as well as the advisory board of Temerlin Advertising Institute for Education and Research at Southern Methodist University. He previously served on the boards of Travelocity, Williams Communications and the Dallas Symphony Orchestra.

Conner graduated from Princeton University with a bachelor's degree in mechanical engineering. He also earned a master's degree in business administration from the Wharton School of the University of Pennsylvania.

Butler C. Derrick, Jr.

Derrick has served on Entrust's board of directors since May 1999. Since August 1998, Derrick has been a partner at the law firm of Powell, Goldstein, Frazer & Murphy LLP, Washington, D.C. From January 1995 to July 1998, Derrick was a partner at the law firm of Williams & Jensen, Washington, D.C. Mr. Derrick served in Congress as a representative from South Carolina from January 1975 to January 1995. Derrick has ties to key congressional decision makers and extensive expertise in the fields of legislative procedure and the congressional budget process.

While in Congress, Derrick was known as a thoughtful and pragmatic member who could work behind the scenes to secure passage of important legislation. His reputation and ability to craft compromises led to his appointment as chief deputy majority whip, the fifth highest-ranking position in the House of Representatives, and vice chairman of the powerful House Rules Committee. Derrick served as chairman of the Budget Committee's Reconciliation Process and served for 12 years on the Democratic Policy Committee; four years on the House Banking Committee; and two years on the Government Relations Committee. In 1977, Derrick was chosen by House Speaker Tip O'Neill to head the first task force on the Budget Act and was recognized by the President in 1993 for his leadership as chairman of the task force charged with getting the historic 1993 tax bill through the House of Representatives.

Derrick currently serves on the Secretary of Energy's Advisory Board, the South Carolina Nuclear Waste Program's Blue Ribbon Advisory Panel and the Department of Energy Task Force on the Evaluation of Nonproliferation Programs with Russia. He is a member of the Washington Institute of Foreign Affairs, the Center for National Policy, the National Trust Council of the National Trust for Historic Preservation and the U.S. Association of Former Members of Congress. Derrick has published numerous articles and reports on nuclear waste and legislative procedures.

Douglas Schloss

Douglas Schloss, has served on our Board of Directors since July 2001. Since January 1994, he has been the Chief Executive Officer of Rexford Management, Inc., a firm that manages a 500 million dollar investment partnership specializing in transaction arbitrage. He is also responsible for designing an options analytics software package that was purchased by Reuters PLC and is currently in use on all major option exchanges. Since March 1993 he also has served as Chief Executive Officer and Chairman of Marcus Schloss & Co., Inc., a financial investment company that was a registered broker-dealer until December 2007. He is currently on the Board of Directors of SCO Family of Services, a New York City based social services agency which is one of the ten largest social services agencies in the United States and the largest in New York City. He is also President of the Board of Directors at St. Paul's School in Concord, New Hampshire. Previously, Mr. Schloss was the Chairman of the Board of Family Dynamics for 6 years, a child abuse prevention program. Prior to these positions, Mr. Schloss managed the equity trading desk and arbitrage investment portfolio of Marcus Schloss & Co. He is a graduate of Princeton University with a degree in Electrical Engineering and Computer Science. He also earned a master's degree in Business Administration from Harvard Business School.

Michael P. Ressner

Michael P. Ressner, has served on our Board of Directors since May 1999. From January 2001 to December 2002, Mr. Ressner served as Vice President, Nortel Networks. Prior to that time, he served as Vice President of Finance of Nortel Networks' Enterprise Solutions group from February 1999 to January 2001. From May 1994 to January 1999, Mr. Ressner served as Vice President of Finance for the Carrier Solutions business unit of Nortel Networks. Prior to these assignments, he held a number of senior finance management posts within various business units of Nortel Networks. Mr. Ressner currently serves on the Board of Directors of Magellan Health Services, Tekelec and Exide Technologies.

Jerry C. Jones

Jerry C. Jones joined the Entrust board of directors in December 2003. He serves as Acxiom Corporation's business development and legal leader. At Acxiom, he is responsible for the legal team, leads the strategy and execution of mergers and alliances, and assists in other strategic initiatives. Jones came to Acxiom in March 1999 from the Rose Law Firm in Little Rock, Ark., where for 19 years he specialized in problem solving and business litigation. He is a 1980 graduate of the University of Arkansas School of Law, and holds a bachelor's degree in public administration from the University of Arkansas.

Terdema Ussery

Terdema Ussery, has served on our Board of Directors since December 2006. Since 1996, he has served as the Dallas Mavericks president and CEO and was a catalyst in the organization's resurgence, including participation in the design and construction of the American Airlines Center, increased corporate sponsorship, ticket sales, television revenues and community outreach. Since 2001, he has also served as the CEO for HDNet and spearheaded the launch of the network, the nation's first all-high-definition television network and negotiated the channel's first content and distribution agreements. Prior to these two positions he served as president of Nike Sports Management. Prior to his post at Nike, he also served as general counsel and commissioner of the Continental Basketball Association (CBA). He is a graduate of Princeton, has a master's degree from Harvard and a law degree from Cal-Berkeley, where he served as Executive Editor of the California Law Review.

Ray W. Washburne

Ray W. Washburne was appointed to the Entrust board of directors in June 2006. Washburne has been the chairman and CEO of Charter Holdings since 1990, and also serves on the board of directors for the M Crowd Restaurant Group, a company he co-founded in 1991.

In addition, Washburne is a director for Colonial Bank and the Dallas Citizens Council. A 1984 graduate of Southern Methodist University, Washburne currently serves on the school's 21st Century Council and is an adjunct professor at the university's Cox School of Business.

Washburne is also an active member of the Dallas chapter of the Young Presidents' Organization.

James Dennedy

James Dennedy, joined the Entrust board of directors in June 2008. Mr. Dennedy is a Principal with Arcadia Capital Advisors, LLC, an investment management company making active investments in public companies.

Mr. Dennedy has more than fifteen years of leadership experience in corporate development and corporate finance with public and private companies in the US and Europe. He has a long history of developing, managing and growing information technology and service companies. Prior to his role with Arcadia, he was President and CEO Engyro Corporation, an enterprise software company offering solutions in systems management. Mr. Dennedy previously served as President, divine Managed Services; Senior VP of Mergers and Acquisitions, divine, Inc.; Executive VP Venture Capital and Private Equity, marchFIRST, Inc.

Mr. Dennedy also serves on the Board of Directors of NaviSite, Inc. (NASDAQ: NAVI),(Audit Committee Chair and Compensation Committee member)and of I-many, Inc. (NASDAQ: IMNY), (Audit Committee member).

Mr. Dennedy earned a BS in Economics from the United States Air Force Academy, an MA in Economics from the University of Colorado and an MBA from Ohio State University. In support of community activities, Mr. Dennedy serves on the Executive Boards of the Economics Department and MIS Department, Williams College of Business, Xavier University.

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Entrust Authentication and Information Security Solutions

Entrust is an industry recognized leader of information security solutions that help organizations protect critical information through innovative products and services. Our solutions enable risk based authentication, multifactor authentication, file encryption, and digital signatures along with numerous other security capabilities. Entrust provides trusted security and encryption software for less.