In preparation for that, Patrick Dennis, the chair of Avaya’s board of directors, will assume the role of CEO on 1 September 2024.
Dennis has 30 years of experience and a proven track record of transformational leadership of companies in enterprise software, SaaS, cybersecurity and communications. He currently serves as CEO of Venafi, a cybersecurity company that is in the process of being acquired by CyberArk.
Dennis said, “I am honoured and thrilled to lead Avaya on the next phase of its journey building on the solid foundation laid by Alan and the leadership team.
“Avaya is now operating from a position of financial strength and industry leadership, and our strategy is resonating with customers around the world who can be confident in Avaya’s consistency in strategic direction and commitment to deliver for their long-term success.
“I look forward to working with the team to accelerate Avaya’s market momentum.”
Masarek’s retirement comes after an eight-quarter transformation of the business, setting Avaya’s ongoing strategic plan for innovation and growth.
Masarek (pictured) commented, “Two years ago, I came out of retirement to help lead Avaya forward knowing that the company’s opportunity was extremely profound: terrific technology underpinning an enormous customer base, a massive ecosystem of partners, a large revenue base, and an iconic technology brand.
“Working closely with Avaya’s executive leadership team, the board, our employees, customers and partners has been an immeasurably rewarding experience, and I’m proud of what we have all accomplished together to put Avaya on a strong and steady course for further success.
“While there is certainly more to do, Avaya’s new position of strength combined with Patrick’s unique ability to lead the company creates an opportunity for me to return to retirement, fully confident in Patrick’s ability to lead Avaya to future long-term growth and innovation.”