Coverity Appoints Fred Gerson to Board of Directors Veteran finance executive to chair Audit Committee

SAN FRANCISCO, Jan. 3, 2013 /PRNewswire/ -- Coverity Inc., the leader in development testing, today announced the appointment of Fred Gerson, Executive Vice President and Chief Financial Officer of the San Diego Padres, to its board of directors as Chairman of the board's Audit Committee.

Gerson brings over 20 years of financial expertise and directorial oversight to the Coverity board, serving as Chief Financial Officer and holding board positions for multiple companies, both publicly traded and private.  

"Our goal has long been to operate as a model of corporate best practices and Fred's caliber as a financial manager and experience as a board member and audit chair complements our efforts and strengthens our foundation for the next steps in our growth," said Anthony Bettencourt, Chief Executive Officer of Coverity and Chairman of the Board. "I look forward to working with Fred as we carry the company forward in 2013."

Gerson is currently on the board of directors of Major League Baseball's captive insurance entity and is director and chair of the audit committee of Infoblox, a publicly traded company on the New York Stock Exchange. He also serves on the boards of Klever Logic and Authentify Inc. Gerson was previously director and chairman of the audit committee of DivX Inc. until its acquisition in 2010.

Gerson has been with the San Diego Padres since 2001. He began his career at Ernst & Young as an audit manager and has subsequently led successful initial public offerings as the CFO of

Maxis Inc. and Marimba Inc., which was acquired by BMC Software. Gerson also served as CFO of the Coin-Operated Games Division of Atari Inc. and Peter Norton Computing Inc., which was acquired by Symantec.

About Coverity
Coverity Inc., (www.coverity.com), the development testing leader, is the trusted standard for companies that need to protect their brands and bottom lines from software failures. More than 1,100 Coverity customers use Coverity's development testing suite of products to automatically test source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic failure. Coverity is a privately held company headquartered in San Francisco. Coverity is funded by Foundation Capital and Benchmark Capital. Follow us on Twitter or check out our blog.

SOURCE Coverity Inc.



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