Shmunis will also remain chairman of the board. Tarek Robbiati, who took up the CEO role in September this year, and RingCentral mutually agreed that he will leave the company and resign from the board of directors, effective December 8, 2023.
RingCentral said Robbiati’s resignation is “not a result of any disagreement with the company or the board, or any matter relating to the company’s operations, policies, or practices”.
Shmunis commented, “We are at a tremendous inflection point in our industry and it is critical that our product and innovation strategy drives all that we do and is closely aligned with how we go to market.
“We have a world-class team, battle-proven technology, and a clear roadmap with a large and untapped market opportunity ahead of us. I am fully committed to RingCentral and am confident in our ability to drive sustainable, profitable growth moving forward that is rooted in our core values of trust, innovation, and partnerships.”
Rob Theis, lead independent director, RingCentral, said, “RingCentral’s strategic product vision and operations are closely linked, and we determined it is best to have one leader with oversight for all aspects of the organisation.
“As RingCentral’s founder and long-term CEO, Vlad has overseen the company’s growth from inception to a leading SaaS provider with over $2.2 billion in revenue. We are confident that he will be effective in his return as CEO and will continue delivering for all our stakeholders. We appreciate Tarek’s contributions and wish him well.”
Robbiati added, “I have the utmost respect for the RingCentral team. I wish the company and its people the very best. RingCentral has tremendous products and I believe the company will continue to deliver for its customers and shareholders.”