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RingCentral Announces Executive Leadership Changes

RingCentral, Inc., a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, announced that Anand Eswaran is stepping down from his role as President and Chief Operating Officer, and that Vaibhav Agarwal, the Company’s Chief Accounting Officer, is appointed as the Interim Chief Financial Officer effective Jan. 1, 2022.

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PREDICTIONS-SERIES-2022

“I would like to thank Anand for his contributions to RingCentral over the last two years,” said Vlad Shmunis, RingCentral’s founder, Chairman and CEO. “We are happy for the next chapter in his career and wish him good luck on all fronts.”

“It has been a privilege to serve as President and COO of RingCentral, one of the world’s leading cloud communications providers and an important driver of innovation in our industry,” said Anand Eswaran. “What makes RingCentral so special is the focus, passion and execution mindset from the entire team. I wish continued success for RingCentral and its outstanding team. At the same time, I am excited to start my journey as a CEO for a late-stage private company with over a billion dollars in annual recurring revenue in a category that is not competitive with RingCentral. To ensure smooth transition, I will be available as an advisor through end of December 2021.”

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“We have a deep and capable leadership bench across all areas with an enviable track record of strong execution at RingCentral,” added Vlad Shmunis. “On that note, I am pleased to announce that Vaibhav Agarwal, our Chief Accounting Officer and a five-year RingCentral veteran, is promoted to the role of Interim Chief Financial Officer. I look forward to closely working with Vaibhav in the next exciting chapter of RingCentral.”

“I am excited and humbled to be given this opportunity to be the Interim CFO of RingCentral, a global UCaaS leader,” said Vaibhav Agarwal. “Leveraging our well proven strengths of people, technology and partnerships, RingCentral is well positioned for continued success in this unique $100 billion+ digital transformation opportunity.”

Given the momentum in the business, RingCentral remains very confident with its previously issued guidance of $1.580 to $1.581 billion total revenue, representing 33% to 34% annual growth for full year 2021.

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[To share your insights with us, please write to sghosh@martechseries.com]

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