Zoom Video CFO Kelly Steckelberg to resign, will remain through Q3 earnings

In a regulatory filing, Zoom Video announced Kelly Steckelberg notified the company that she intends to resign from her role as the company’s CFO. The company said Steckelberg’s decision was not the result of any disagreement with the company. The company has commenced a search process to identify Steckelberg’s successor. The company entered into a transition and separation agreement with Steckelberg in connection with her departure from the company. Pursuant to the transition agreement, Steckelberg will continue to serve as the company’s CFO through the release of the company’s earnings for the fiscal quarter ending October 31. Commencing October 10, she will be serving in this role on a part-time basis. During the transition period and the part-time period, Steckelberg will be entitled to receive her base salary at the same full-time rate as it was prior to the transition period and will continue to be eligible for the company’s standard benefits. During the transition period, Steckelberg’s outstanding equity awards of the company will continue to vest pursuant to their terms.