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Posted 11 December, 2023

RingCentral, Inc. appointed Vladimir Shmunis as new CEO

NYSE:RNG appointed new Chief Executive Officer Vladimir Shmunis in a 8-K filed on 11 December, 2023.


  The Company announced that it has appointed Vladimir Shmunis, its Executive Chairman of the board of directors, to succeed Mr. Robbiati as the Chief Executive Officer of the Company, effective December 8, 2023.  

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Overview of RingCentral, Inc.
Technology • Internet/Online
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.
Market Cap
$3.08B
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RingCentral, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 8, 2023, Tarek Robbiati and RingCentral, Inc. (the "Company") mutually agreed that Mr. Robbiati would separate from the Company and resign from the board of directors effective December 8, 2023. In connection with his resignation, Mr. Robbiati entered into a separation agreement with the Company. Mr. 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. Under the terms of this agreement, he will be entitled to payments totaling $9.75 million dollars, an amount materially consistent with the benefits that would be due to Mr. Robbiati under his offer letter and the Company's Severance and Change of Control Policy.

 The foregoing description is a summary of the material terms of Mr. Robbiati's separation agreement, does not purport to be complete, and is qualified in its entirety by reference to the separation agreement, a copy of which will be filed as an exhibit to the Company's next applicable periodic report.

The Company announced that it has appointed Vladimir Shmunis, its Executive Chairman of the board of directors, to succeed Mr. Robbiati as the Chief Executive Officer of the Company, effective December 8, 2023. Mr. Shmunis will also continue to serve as Chairman of the board of directors.

A copy of the press release issued by the Company on December 11, 2023 announcing Mr. Robbiati's separation and Mr. Shmunis' appointment as Chief Executive Officer is attached hereto as Exhibit 99.1.