Verint's fugitive CEO Jacob 'Kobi' Alexander
By James Bernstein
September 12, 2007
Verint Systems Inc. of Melville, a unit of Manhattan-based Comverse Technology Inc., said Wednesday it has named one of its independent directors as non-executive chairman.
Verint said its board has chosen Victor D. DeMarines as its new chairman who is not a company executive. DeMarines has been a Verint independent director and chairman of the board's audit committee since 2002. Verint said DeMarines will also serve as chairman of the company's newly created governance and nominating committee.
The post has been vacant since the previous chairman Jacob Alexander fled the United States more than a year ago to avoid charges in a securities-fraud case. Alexander, known as Kobi, was eventually arrested in Namibia and has been fighting extradition.
Alexander also had been chief executive of Comverse, which has a facility in Woodbury. He stepped down from his posts at Comverse and Verint in the spring of 2006. Mark C. Terrell is now Comverse chairman and Andre Dahan is chief executive.
Dan Bodner serves as Verint's chief executive.
Both Verint and Comverse design voicemail software.
Verint said in July that federal securities regulators are investigating some stock-option practices at Witness, a business unit Verint acquired in May. Verint said the practices occurred before the acquisition.
Analysts have speculated that Comverse may be sold, or that it may spin off Verint.
KOBI DODGES ANOTHER BULLET