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DriveCam Elects Thomas Darcy to Board of Directors

drivecam (select to view enlarged photo)

SAN DIEGO--June 26, 2013: DriveCam, Inc., a global driver risk management company, today announced that the company's board of directors has elected Thomas Darcy to the board and has appointed him as Audit Committee chair.

“I look forward to working closely with Brandon, the board and the entire DriveCam team contributing to the continued success of the company.”

"Tom is a widely respected executive with significant board-level experience - we are thrilled to have him on our board and look forward to his stewardship," said DriveCam CEO Brandon Nixon. "With decades of experience in finance and accounting, Tom brings an incredible wealth of knowledge and expertise to DriveCam."

As Audit Committee chair, Mr. Darcy will lead the audit committee responsible for overseeing the company's accounting, financial reporting, disclosure, internal audit and financial risk management activities.

"DriveCam has an excellent foundation and an exciting future," said Thomas Darcy. "I look forward to working closely with Brandon, the board and the entire DriveCam team contributing to the continued success of the company."

Mr. Darcy is a co-founder, executive vice president, chief financial officer and director of Tocagen, a biopharmaceutical company engaged in the discovery, development and commercialization of products for the treatment of cancer. Prior to Tocagen, Mr. Darcy served for more than five years as EVP and CFO of Science Applications International Corporation (SAIC), a NYSE Fortune 500 science and technology company.

Beginning in 2008, Mr. Darcy also served as a director and chairman of the audit committee of McAfee, Inc., until the company's sale to Intel Corporation for $7.7 billion in February 2011. Prior to McAfee and SAIC, he was a partner in the accounting firm of PricewaterhouseCoopers LLP (PwC), where he served as the managing partner of both the West and Southwest Region Audit and Business Advisory Service Technology practices, as well as the managing partner of the San Diego office. During his 27-year career with PwC, he served numerous high technology and biotech clients and assisted his clients with venture capital, public offering and acquisition transactions. He also developed the firm's first course on initial public offerings, and co-authored the firm's companion handbook entitled "Taking Your Company Public."

Thomas Darcy is a certified public accountant (inactive) and received a B.S. degree in accounting from San Diego State University, where he also currently serves on the Advisory Boards of the College of Business Administration and School of Accountancy.