RingCentral, Inc. announced that Tarek Robbiati, a member of the RingCentral Board of Directors since December 2022 and Chief Financial Officer and EVP of Finance and Strategy of Hewlett Packard Enterprise, has been appointed as the Company?s Chief Executive Officer, effective August 28, 2023. Robbiati will remain a member of the Company?s Board. Vlad Shmunis, the Company?s current Chief Executive Officer, will transition to the role of Executive Chairman with focus on driving the Company?s strategic product vision and innovation.

Under Shmunis? leadership, RingCentral has become a recognized industry leader in cloud communications, with more than $2.2 billion in annual revenues, 400,000 customers, 15,000 channel partners and approximately 4,000 full time employees. With nearly three decades of experience, Robbiati is a renowned strategic and financial operator known for his leadership roles within the telecom, media, technology and financial services industries.

Since 2018, he has served as CFO and EVP of Finance and Strategy for Hewlett Packard Enterprise where he was instrumental in driving the pivot of the HPE portfolio to higher-growth, higher-margin areas, and as a result more than doubling ARR while growing free cash flow significantly. Prior to HPE, Robbiati was CFO at Sprint Corp. where he led the company?s strategic efforts to reposition the company.

Prior to Sprint, he held numerous leadership positions, including CEO roles at publicly listed and private companies in Australia and Hong Kong. The Company also announced that Mo Katibeh, President and Chief Operating Officer, will be stepping down. Mo will remain a special advisor to the Company and will help with a smooth transition.