STAMFORD, Conn.--(BUSINESS WIRE)--Walker Innovation Inc. (OTCQB:WLKR), an innovation services firm that seeks to help companies improve their internal product and business development efforts and also owns a portfolio of its own intellectual property, today announced that its Chief Executive Officer Jonathan Siegel will be nominated to join the Company’s Board of Directors at the Company’s upcoming Annual Meeting.

The Company’s Annual Meeting will be held on May 3, 2017 at Five High Ridge Park in Stamford, Connecticut. The Board believes that Mr. Siegel’s experience as an executive in a broad range of industries, prior service as an elected official and over 30 years practicing corporate law will provide the Board with valuable insight with respect to leadership, executive management and legal matters.

The Company also announced today that Sharon Barner and Dr. Harvey Schiller will not stand for reelection to the Board at the Company’s 2017 Annual Meeting. The Board believes that under the Company’s current plan of operations downsizing the Board is appropriate and, consequently, Ms. Barner and Dr. Schiller will step down as of the 2017 Annual Meeting date.

“I would like to take this opportunity to thank Ms. Barner for providing the Board with the benefit of her valuable intellectual property expertise and Dr. Schiller for providing the Board with his leadership and organizational skills,” said Jay Walker, Chairman of the Board. “The Board appreciates their years of dedicated service to the Company and we wish them both the best.”

About Walker Innovation Inc.

Walker Innovation (OTCQB:WLKR) is an innovation services firm that seeks to help companies improve their internal product and business development efforts. The Company also owns and seeks to commercialize, license and enforce the unique portfolio of intellectual property developed by inventor and entrepreneur Jay Walker, who serves as the Company’s Executive Chairman. Mr. Walker is best known as the founder of Priceline.com and has twice been named by TIME magazine as “one of the top 50 business leaders of the digital age.” Mr. Walker currently ranks as the world’s 10th most patented living individual, based on U.S. patent issuances according to Wikipedia. Additional information regarding the company can be found at www.walkerinnovation.com