Ned Segal Elected to RingCentral’s Board of Directors

Rhea-AI Summary

RingCentral, Inc. (NYSE: RNG) announced the election of Ned Segal to its Board of Directors, effective as of the 2023 Annual Meeting of Shareholders. Segal, a seasoned executive with over 25 years of technology and finance experience, will bring a financially-driven approach to the boardroom. He previously served as the CFO of Twitter and held various positions at Goldman Sachs. Segal's appointment aims to drive sustainable, profitable growth and deliver value for shareholders.

BELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, today announced that Ned Segal has been elected to the Company’s Board of Directors, effective as of the Company’s 2023 Annual Meeting of Shareholders which was held on December 29, 2023. Segal has also been named a member of both the audit committee and nominating and corporate governance committee of the Company’s Board of Directors.

“We are excited to welcome Ned, a seasoned executive with more than 25 years of technology, finance and capital markets experience, to the RingCentral Board,” said Vlad Shmunis, RingCentral’s Founder, Chairman, and CEO. “As Twitter’s former CFO, Ned presided over significant growth and success, while navigating a period of tremendous complexity and organizational change, through the sale of the company. He will bring a rigorous and financially-driven approach to our boardroom, with a focus on helping RingCentral continue to deliver sustainable, profitable growth.”

“I’ve known RingCentral and Vlad for more than a decade,” said Segal. “I’m a big believer in founder-led technology companies and see massive opportunity for RingCentral to continue to change how people leverage the cloud to be more productive and communicate more effectively. I look forward to working with Vlad and the rest of the Board as the company executes on its strategy while driving value for shareholders.”

Segal is a seasoned financial executive having previously served as Chief Financial Officer of Twitter, Senior Vice President of Finance of Intuit, a business and financial software company, and Chief Financial Officer of RPX Corporation, a former publicly traded company that provides patent risk management and discovery services. Earlier in his career, Segal held various positions at Goldman Sachs, notably as Head of Global Software Investment Banking. Segal currently serves on the Board of Directors of Beyond Meat, Inc.

About RingCentral

RingCentral is a leading global provider of AI-first cloud-based business communications and collaboration that seamlessly combines phone system, messaging, video, webinars and hybrid events, and contact center. RingCentral empowers businesses with conversation intelligence, and unlocks rich customer and employee interactions to provide insights and improved business outcomes. With decades of expertise in reliable and secure cloud communications, RingCentral has earned the trust of millions of customers and thousands of partners worldwide. Visit ringcentral.com to learn more.

©2023 RingCentral, Inc. All rights reserved. RingCentral, RingSense, RingCX, RingCentral Events, and the RingCentral logo are trademarks of RingCentral, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240108914029/en/

Investor Relations Contact:

Will Wong, RingCentral

650-450-4826

ir@ringcentral.com

Media Contact:

Jennifer Caukin, RingCentral

650-630-5641

jennifer.caukin@ringcentral.com

Source: RingCentral, Inc.

FAQ

Who was elected to RingCentral's Board of Directors?

Ned Segal has been elected to the Company’s Board of Directors, effective as of the Company’s 2023 Annual Meeting of Shareholders.

What is the ticker symbol for RingCentral, Inc.?

The ticker symbol for RingCentral, Inc. is RNG.

What is Ned Segal's background?

Ned Segal is a seasoned executive with more than 25 years of technology, finance, and capital markets experience. He previously served as the CFO of Twitter and held various positions at Goldman Sachs.

What companies has Ned Segal worked for?

Ned Segal has previously worked for Twitter, Intuit, RPX Corporation, and Goldman Sachs.

What is the role of Ned Segal in RingCentral's Board of Directors?

Ned Segal has been named a member of both the audit committee and nominating and corporate governance committee of the Company’s Board of Directors.