8x8 Appoints Germaine Cota as Chief Accounting Officer
8x8, Inc. (NYSE: EGHT) announces the appointment of Germaine Cota as its new Chief Accounting Officer. Reporting to CFO Samuel Wilson, Cota will manage global accounting operations and financial reporting. Since joining in early 2020 as Global Vice President, she has contributed to enhancing operational efficiency and cash flow. Cota, previously CFO at Mercari, Inc., aims to build a top-tier finance organization to support the company’s growth initiatives. Samuel Wilson emphasized her leadership as vital for achieving non-GAAP pre-tax breakeven by March 2021.
- Germaine Cota's promotion may strengthen financial leadership.
- Cota has a proven track record in enhancing operational efficiency.
- Leadership change aligns with company goals of growth and profitability.
- Potential continuity concerns due to leadership change.
CAMPBELL, Calif.--(BUSINESS WIRE)--8x8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform, today announced the appointment of Germaine Cota to the position of Chief Accounting Officer (CAO). Reporting to Chief Financial Officer Samuel Wilson, Cota will oversee overall global accounting operations, financial reporting, tax, treasury, and internal audit functions.
“Germaine has demonstrated a really strong combination of finance expertise and drive. Since joining 8x8 at the beginning of the year, she has made significant contributions as we aligned the global business to improve execution, efficiency, operating margins and cash position,” said Samuel Wilson, Chief Financial Officer at 8x8, Inc. “As we deliver on our goal of non-GAAP pre-tax breakeven exiting March 2021, Germaine’s leadership and experience will be instrumental as we drive continued strong growth this fiscal year and beyond.”
Cota joined 8x8 at the beginning of 2020 as Global Vice President, Corporate Controller and Treasurer. Prior to 8x8, she served as the US Chief Financial Officer for Nikkei-listed Mercari, Inc., a peer-to-peer e-commerce platform, where she was responsible for accounting and finance operations, and transforming processes to support a rapidly growing business. Previously, Cota held various accounting, accounting operations, and financial reporting roles at LinkedIn Corporation, and assurance and advisory services positions at Ernst & Young, LLP. Cota is a Certified Public Accountant in California, and holds a BS in Accounting from Santa Clara University.
"It is an honor to take on the role and contribute to an organization that values operational excellence and efficiency in its pursuit of growth and profitability," said Germaine Cota, Chief Accounting Officer at 8x8, Inc. "I am excited about the opportunity to continue building a best-in-class finance organization to support the Company’s global growth initiatives."
About 8x8, Inc.
8x8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software-as-a-Service provider of voice, video, chat, contact center, and enterprise-class API solutions powered by one global cloud communications platform. 8x8 empowers workforces worldwide to connect individuals and teams so they can collaborate faster and work smarter. Real-time business analytics and intelligence provide businesses unique insights across all interactions and channels so they can delight end-customers and accelerate their business. For additional information, visit www.8x8.com, or follow 8x8 on LinkedIn, Twitter and Facebook.
8x8® and 8x8 X Series™ are trademarks of 8x8, Inc.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements about 8x8’s future financial performance. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Readers are directed to 8x8’s periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. 8x8 undertakes no obligation to update any forward-looking statements.
