Digital rights management company InterTrust Technologies says it has appointed David Lockwood as chief executive. Lockwood, who served as president and a board member, replaces the company's founder and CEO Victor Shear. Shear will retain his position as chairman of the board. According to an InterTrust representative, the executive change was made because the company wanted to give Lockwood an opportunity "to gain some additional time and experience with the company." Lockwood has been with InterTrust since October 2000. Before joining the company, he worked for Reuters Greenhouse and Goldman Sachs.
The executive shift comes two weeks after the Santa Clara, Calif.-based companya lawsuit filed against Microsoft, alleging that the software giant's Windows File Protection infringes on an InterTrust patent. InterTrust makes software that protects songs and videos from being illegally copied.