Identive Goup: Felix Marx resigns

Identive Group today announced the departure of Felix Marx, executive vice president of Transponders & Semiconductors, CEO of the ACiG Technology business unit and a director of the Company.

Marx's resignation is not the result of any dispute or disagreement with the Company or the Board of Directors. Following Marx's departure, Identive's Board of Directors will be comprised of seven directors, with one vacancy.
"I would like to thank Felix for his dedication to the Company over the last three years, for his support during times of significant change, and for his many contributions - to the revitalization of SCM Microsystems with the creation of a new contactless reader portfolio and the merger with Hirsch Electronics, to the acquisition of Bluehill ID and the formation of Identive, and to helping set the foundation for our transponder division," said Ayman S. Ashour, chairman and chief executive officer of Identive Group, Inc. "We wish Felix all the best in the next phase of his career."
Mr. Marx has resigned from his positions at Identive and from Identive‘s Board of Directors effective December 31, 2010 but will continue to support the Company and the Board on a retained consulting basis for the next several months, focusing on issues related to the transponder division