RingCentral has announced Tarek Robbiati as its new Chief Executive Officer.
Robbiati has been a member of the RingCentral Board of Directors since last December and was formerly Chief Financial Officer and EVP of Finance and Strategy at Hewlett Packard Enterprise. Robbiati will be CEO effective August 28, 2023, and will remain a member of the Company's Board.
Robbiati commented:
The world and how we communicate is rapidly changing, and this is an exciting time for RingCentral. We are at the forefront of our industry, developing differentiated, cutting-edge solutions to meet the emerging needs of our customers. My focus will be on our customers and delivering operational excellence and sustainable, profitable growth. I am honored to take on the CEO role and deliver value to all our stakeholders."
Robbiati's CV illustrates almost three decades as a renowned strategic and financial operator, respected for his leadership roles within the telecom, media, technology and financial services industries.
Since 2018, Robbiati has worked as CFO and EVP of Finance and Strategy for HP Enterprise, where he was critical in pushing HPE's portfolio to higher-growth and higher-margin areas. Under Robbiati, HP Enterprise more than doubled ARR while substantially growing cash flow.
Before HPE, Robbiati was CFO at Sprint Corp. Before Sprint; he held multiple leadership positions, including CEO roles at publicly listed and private companies in Australia and Hong Kong.
"Tarek is a proven senior business leader who knows our company well and shares our vision and values," said Rob Theis, Lead Independent Director of RingCentral. "His insights have been invaluable in our boardroom. Tarek has an outstanding track record, having successfully scaled businesses while driving growth and profitability. As we planned for Vlad's transition to the Executive Chairman role, it was critical that we find a CEO who could lead the next phase of our growth."
Vlad Shmunis Moving into Executive Chairman Role
Chairman and outgoing CEO Vlad Shmunis will transition to the position of Executive Chairman with a remit of driving RingCentral's strategic product vision and innovation.
"When I founded RingCentral two decades ago, we were a tiny, unfunded startup with an ambitious mission to improve how businesses around the world communicate internally and with their customers," Shmunis said. "From those humble beginnings, we have become a recognized leader in our space and one of the largest pure-play SaaS companies in the world."
Under Shmunis, also RingCentral's Founder, the business became an industry leader in cloud comms, recording over $2.2 billion in annual revenues, 400,000 customers, 15,000 channel partners and roughly 4,000 full-time employees.
