RingCentral CFO Parekh resigns

RingCentral announced that Sonalee Parekh has resigned as Chief Financial Officer, effective September 10, to accept a Chief Financial Officer role at a public company that is not a competitor, supplier or customer to RingCentral. The Company has initiated a search to identify a successor that will include both internal and external candidates. Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, “On behalf of the Board and our entire team, I want to thank Sonalee for her many contributions to RingCentral, particularly improved profitability and free cash flow. She has been a trusted partner, and we wish her all the best in her future endeavors.” Parekh said, “I want to thank Vlad and the Board for the opportunity to serve in this role and am incredibly proud of what we’ve accomplished during my time here. It has been a privilege to be a part of the RingCentral team, and I am confident that the Company is well positioned for continued success.” Parekh’s departure is not due to any disagreement with the Company or the Board regarding its financial results, accounting principles, practices or financial statement disclosures. There are no changes to the Company’s outlook as previously issued in its Q2 earnings on August 1, 2024.