Acacia Research Names Matthew Vella CEO - Quick Facts

(RTTNews) - Acacia Research Corp. (ACTG) announced its board has appointed Matthew Vella, the company's current President, as Chief Executive Officer and a director effective August 1, 2013. Vella will continue to serve as President of Acacia. Paul Ryan will resign as Chief Executive Officer and as a director of Acacia, effective July 31, 2013.

Vella joined Acacia in November 2006 as Vice President. He was appointed Senior Vice President in October 2007, Executive Vice President in October 2011 and President in September 2012. Prior to joining Acacia, Vella was Senior Intellectual Property Counsel for ATI Research Inc., Lead Patent License Counsel for Nortel Networks Inc., and Counsel for Nortel Networks Corporation.