RIM Subsidiary Appoints New CFO

NewBay (www.newbay.com), a leader in cloud services, has appointed Mark Payne to the position of Chief Financial Officer. As CFO, Mark will be responsible for financial planning, procurement and financial reporting, and will play a major role in shaping the direction of the Company. Mark will split his time between NewBay's corporate headquarters in Ireland and NewBay's U.S. operations. "Mark is a highly respected finance expert with exactly the kind of experience necessary to take a global organization like NewBay to the next level in the cloud services space,” stated Tom Goguen, CEO of NewBay. “Mark's business and strategy skills will enable NewBay to identify new business opportunities and explore new paths to expand our business regionally.” Mark brings over 20 years of international finance experience in the communications, banking, manufacturing and retail industries, across the U.S., Europe and Australia. Prior to joining NewBay, Mark was Senior Finance Director, Software and Services at Research In Motion (RIM), responsible for the P&L, new business models, global pricing and strategy of the Consumer and Enterprise Business Units. Before RIM, Mark held several senior finance positions, including Financial Controller of the Java Business Unit at Sun Microsystems with responsibility for the overall financial and portfolio management of the Java Engineering and Marketing groups.