PLANO,
Texas, Aug. 13, 2024 /PRNewswire/
-- Ribbon Communications Inc. (Nasdaq: RBBN), a global
provider of real time communications technology and IP optical
networking solutions to many of the world's largest service
providers, enterprises, and critical infrastructure operators to
modernize and protect their networks, today announced that Miguel
"Mick" Lopez, Executive Vice President, Chief Financial Officer,
intends to retire after 40 years in the technology industry.
Ribbon has engaged an executive search firm to identify and
evaluate potential successors from inside and outside the
company. Mr. Lopez is expected to continue to serve as the
Ribbon Chief Financial Officer until a successor is named.
"Since joining Ribbon in 2020, Mick has been instrumental in
maturing the operations of the company and accomplishing multiple
strategic initiatives" said Bruce
McCleland, CEO, Ribbon. "Mick's leadership and
guidance were instrumental during the integration of Ribbon and
ECI, and most recently the successful refinancing of our capital
structure. We wish him all the best in his retirement."
"It's been a privilege working with the global Ribbon team over
the past four years, and I am especially proud of our collective
achievements in a complex macro environment" said Mr. Lopez.
"Together, we have created a robust foundation, uniting our
organization and securing a long-term capital structure. I am
confident that Ribbon is well-positioned for future growth and
success".
About Ribbon
Ribbon Communications (Nasdaq: RBBN)
delivers communications software, IP and optical networking
solutions to service providers, enterprises and critical
infrastructure sectors globally. We engage deeply with our
customers, helping them modernize their networks for improved
competitive positioning and business outcomes in today's smart,
always-on and data-hungry world. Our innovative, end-to-end
solutions portfolio delivers unparalleled scale, performance, and
agility, including core to edge software-centric solutions,
cloud-native offers, leading-edge security and analytics tools,
along with IP and optical networking solutions for 5G. We maintain
a keen focus on our commitments to Environmental, Social and
Governance (ESG) matters, offering an annual Sustainability Report
to our stakeholders. To learn more about Ribbon, please visit
rbbn.com.
Important Information Regarding Forward-Looking
Statements
The information in this release
contains "forward-looking statements" within the meaning of
the U.S. Private Securities Litigation Reform Act of
1995, which are subject to a number of risks and
uncertainties. All statements other than statements of
historical facts contained in this release, including without
limitation statements regarding the timing of Mr. Lopez's
retirement, industry conditions and future growth, are
forward-looking statements. Without limiting the foregoing, the
words "believes", "estimates", "expects", "expectations",
"intends", "may", "plans", "projects" and other similar language,
are intended to identify forward-looking statements.
Forward-looking statements are based on the Company's current
expectations and assumptions regarding its business, the economy
and other future conditions. Because forward-looking statements
relate to the future, they are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict.
Actual results may differ materially from those contemplated in
these forward-looking statements due to various risks,
uncertainties and other important factors, including, among others,
the effects of geopolitical instabilities and wars, including in
Israel and Ukraine (and the impact of sanctions and trade
restrictions imposed as a result thereof); unpredictable
fluctuations in quarterly revenue and operating results; increases
in tariffs, trade restrictions or taxes on the Company's products;
the impact of restructuring and cost-containment activities;
operational disruptions at facilities located in Israel including as a result of military
call-ups of the Company's employees in Israel, closure of the offices there or the
temporary or long-term closure of contract manufacturing in the
region; the potential impact of litigation; risks related to supply
chain disruptions, including as a result of component availability;
risks resulting from higher interests rates and continued
inflationary pressures; risks related to cybersecurity and data
intrusion; failure to compete successfully against
telecommunications equipment and networking companies; failure to
grow the Company's customer base or generate recurring business
from existing customers; credit risks; the timing of customer
purchasing decisions and the Company's recognition of revenues;
macroeconomic conditions, including inflation; market acceptance of
the Company's products and services; rapid technological and market
change; the ability to protect Company intellectual property rights
and obtain necessary licenses; the ability to maintain partner,
reseller, distribution and vendor support and supply relationships;
the potential for defects in the Company's products; and currency
fluctuations.
These factors are not intended to be an all-encompassing list of
risks and uncertainties that may affect the Company's business and
results from operations. Additional information regarding these and
other factors can be found in the Company's reports filed with the
Securities and Exchange Commission, including, without limitation,
its Form 10-K for the year ended December
31, 2023. In providing forward-looking statements, the
Company expressly disclaims any obligation to update these
statements publicly or otherwise, whether as a result of new
information, future events or otherwise, except as required by
law.
Investor Contact
+1 (978)
614-8050
ir@rbbn.com
Media Contact
Catherine
Berthier
+1 (646) 741-1974
cberthier@rbbn.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ribbon-cfo-mick-lopez-to-retire-in-4th-quarter-2024-302221072.html
SOURCE Ribbon Communications Inc.