Ribbon Communications Inc., a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, announced the appointment of Mick Lopez as Executive Vice President and Chief Financial officer effective Monday June 29, 2020. Lopez succeeds Daryl E. Raiford, who will be leaving the company after a short transition period.
“I am very excited to welcome Mick to the Ribbon leadership team as we continue to execute on our strategy to strengthen our portfolio and increase our presence with our global service provider and enterprise customers,” said Bruce McClelland, Ribbon Communications Chief Executive Officer. “Mick has a strong track record as CFO of both public and privately held companies, successfully leading finance and operations organizations through significant transformations. His experience and leadership will be a great asset for the team as we continue our focus on improving long-term shareholder returns.”
Mr. Lopez most recently served as the CFO of Vista Outdoor Inc., a leading global designer and manufacturer of outdoor sports and recreation consumer products. He was instrumental in driving cost out of the business, executing on strategic portfolio divestitures, and reducing financial leverage with a low-cost scalable capital structure. Prior to joining Vista Outdoor, he served as the CFO at Veritas Technologies where he drove profitability improvements through portfolio and operational improvements. Prior to joining Veritas Technologies, he was the CFO for Harris Corporation where he played an integral role in reshaping the corporate strategy, which resulted in the $3 billion acquisition of Exelis Inc. From 2011 to 2014, he was the CFO for Aricent Group/KKR Private Equity, where he drove initiatives focused on improving profitability, leverage position and global tax structure. Earlier in his career, he gained valuable experience as Vice President, Finance at Cisco Systems and Tyco International, as well as international assignments with IBM and KPMG.
“I am thrilled to be joining Ribbon during this exciting period,” said Mr. Lopez. “This is a pivotal time for the company, and the recent acquisition of ECI and the new leadership and energy Bruce is providing creates a clear path to growth. I am excited to be a part of these efforts and look forward to supporting the strategy.”
Mr. McClelland added, “I’d like to thank Daryl for his many years of service and leadership at Ribbon and previously GENBAND. He was instrumental in driving the corporate and financial strategy of the company through a series of merger and acquisition transactions including Nortel, Sonus Networks, Edgewater and, most recently, with ECI Telecom, all while successfully integrating the complex financial operations of each. We wish him well in his future endeavors.”
“I’ve had a very rewarding experience at Ribbon Communications, and I am immensely proud of our accomplishments over these 10 years. It has been an honor to work with such a talented team,” said Mr. Raiford. “Ribbon is extremely well positioned, and I leave the company operationally and financially strong with a great trajectory for its future.”
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