RingCentral names Vladimir Shmunis CEO, replacing Tarek Robbiati
RingCentral said Tarek Robbiati will separate from the company and resign from its board, effective December 8, 2023, and that founder Vladimir Shmunis, the Executive Chairman, has been appointed to succeed him as Chief Executive Officer. The company also reiterated its fourth quarter and full year 2023 guidance, so shareholders get a leadership change without a change to the outlook.
- Tarek Robbiati resigned as CEO and from the board effective December 8, 2023; the company says the resignation involved no disagreement with the company or board
- Vladimir Shmunis took over as CEO effective December 8, 2023, and remains Chairman of the board
- Robbiati's separation agreement provides payments totaling $9.75 million
- Guidance for Q4 and full year 2023 on revenue, non-GAAP operating margin and adjusted unlevered free cash flow was reiterated, as first issued November 6, 2023