Ribbon Communications Inc. Announces Board and Executive Changes
June 23, 2020 at 07:10 am
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Ribbon Communications Inc. announced three new appointments to the company's Board of Directors. The three new directors, Shaul Shani, Mariano de Beer, and Tanya Tamone, joined the Ribbon Communications board of directors effective June 19, 2020. Mr. de Beer and Ms. Tamone are independent directors, and Mr. Shani is the chairman of Swarth Group, the lead investor in ECI Telecom. With the recent merger of Ribbon and ECI, the Swarth Group became a 17.8% shareholder of Ribbon Communications. The new appointments were made in connection with the designation rights granted to the Swarth Group in conjunction with the merger. Immediately prior to the appointment of the three new directors, board members Richard J. Lynch, Kent J. Mathy, and Scott E. Schubert resigned effective June 18, 2020, as anticipated and described in the proxy materials for the Ribbon Communications 2020 annual shareholder meeting. In addition, Patrick Macken recently joined the company and has been appointed Executive Vice President (EVP), Chief Legal Officer by the Board effective June 19, 2020. Patrick will lead the company's global legal and compliance functions and serve as Corporate Secretary, succeeding Justin Ferguson, who will be leaving the organization to pursue other opportunities following a transition period. Shaul Shani is the founder and Chairman of Swarth Group. Mariano de Beer was Chief Commercial and Digital Officer of Telefonica S.A., from 2017 until 2019. Tanya Tamone has held the position of CEO of Sogerco S.A., since 2007. Prior to joining Ribbon, Patrick Macken served as Senior Vice President, General Counsel and Secretary of ARRIS Group Inc. The Board has appointed Miguel Lopez as Executive Vice President of the Company, effective as of June 29, 2020. Mr. Lopez previously served as Chief Financial Officer of Vista Outdoor, from 2018 to April 2020. Prior to that, Mr. Lopez served as Chief Financial Officer of Veritas Technology, from 2016 to 2017, Chief Financial Officer of Harris Corporation, from 2014 to 2016 and Chief Financial Officer of Aricent Group, from 2011 to 2014. In connection with the Board’s appointment of Mr. Lopez, the Company announced that Mr. Daryl Raiford, the Company’s current Executive Vice President will be leaving Ribbon.
Ribbon Communications, Inc. is a provider of communications technology to service providers and enterprises. The Company provides a range of software and high-performance hardware products, network solutions, and services that enable the secure delivery of data and voice communications, and high-bandwidth networking and connectivity. The Company operates through two segments. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions and services for Voice over Internet Protocol communications, Voice over Long-Term Evolution and Voice Over G communications and Unified Communications and Collaboration within service providers and enterprises. The IP Optical Networks segment provides high-performance, secure solutions for IP networking and optical transport, supporting wireless networks, including G, metro and edge aggregation, core networking, data center interconnect, legacy network transformation and transport solutions for wholesale carriers.