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RingCentral Appoints Abhey Lamba as Chief Financial Officer

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RingCentral, a leading provider of AI communications solutions, announced the appointment of Abhey Lamba as its new Chief Financial Officer. Lamba will oversee financial planning, controllership, tax, treasury, corporate development, and investor relations. He brings over 30 years of experience from companies like Amazon Web Services, Cisco Systems, and Autodesk. Lamba's background includes roles as a sell-side analyst on Wall Street and a software engineer at Bentley Systems. Vlad Shmunis, Founder and CEO of RingCentral, praised Lamba's track record in driving growth and profitability, highlighting his unique perspective and passion for innovation. Lamba expressed enthusiasm about contributing to RingCentral's AI-driven business communications solutions and driving shareholder value.

RingCentral, un fornitore leader di soluzioni di comunicazione AI, ha annunciato la nomina di Abhey Lamba come nuovo Chief Financial Officer. Lamba si occuperà della pianificazione finanziaria, del controllo, delle imposte, della tesoreria, dello sviluppo aziendale e delle relazioni con gli investitori. Porta con sé oltre 30 anni di esperienza in aziende come Amazon Web Services, Cisco Systems e Autodesk. Il background di Lamba comprende ruoli come analista sell-side a Wall Street e ingegnere software presso Bentley Systems. Vlad Shmunis, Fondatore e CEO di RingCentral, ha lodato il track record di Lamba nel promuovere crescita e redditività, evidenziando la sua prospettiva unica e la passione per l'innovazione. Lamba ha espresso entusiasmo nel contribuire alle soluzioni di comunicazione aziendale basate sull'AI di RingCentral e nel generare valore per gli azionisti.

RingCentral, un proveedor líder de soluciones de comunicación basadas en IA, anunció el nombramiento de Abhey Lamba como su nuevo Director Financiero. Lamba supervisará la planificación financiera, el control, la tributación, la tesorería, el desarrollo corporativo y las relaciones con los inversores. Aporta más de 30 años de experiencia de empresas como Amazon Web Services, Cisco Systems y Autodesk. El historial de Lamba incluye roles como analista de venta en Wall Street y ingeniero de software en Bentley Systems. Vlad Shmunis, Fundador y CEO de RingCentral, elogió el historial de Lamba en impulsar el crecimiento y la rentabilidad, destacando su perspectiva única y su pasión por la innovación. Lamba expresó su entusiasmo por contribuir a las soluciones de comunicación empresarial impulsadas por IA de RingCentral y por aumentar el valor para los accionistas.

링센트럴(RingCentral), AI 커뮤니케이션 솔루션의 선도적인 공급업체, 아베이 람바(Abhey Lamba)를 신임 최고재무책임자(CFO)로 임명했다고 발표했습니다. 람바는 재무 계획, 회계, 세무, 재무 관리, 기업 개발 및 투자자 관계를 감독하게 됩니다. 그는 아마존 웹 서비스, 시스코 시스템즈, 오토데스크와 같은 기업에서 30년 이상의 경험을 보유하고 있습니다. 람바의 경력에는 월스트리트에서의 셀사이드 분석가 및 벤틀리 시스템즈의 소프트웨어 엔지니어 역할이 포함되어 있습니다. 블라드 슈무니스(Vlad Shmunis) 링센트럴 창립자이자 CEO는 람바의 성장 및 수익 창출에 대한 실적을 높이 평가하며 그의 독특한 관점과 혁신에 대한 열정을 강조했습니다. 람바는 링센트럴의 AI 기반 비즈니스 커뮤니케이션 솔루션에 기여하고 주주 가치를 높이겠다는 열정을 표현했습니다.

RingCentral, un fournisseur leader de solutions de communication basées sur l'IA, a annoncé la nomination de Abhey Lamba en tant que nouveau Directeur Financier. Lamba supervisera la planification financière, le contrôle, la fiscalité, la trésorerie, le développement de l'entreprise et les relations avec les investisseurs. Il apporte plus de 30 ans d'expérience dans des entreprises telles qu'Amazon Web Services, Cisco Systems et Autodesk. Le parcours de Lamba comprend des rôles en tant qu'analyste sell-side sur Wall Street et ingénieur logiciel chez Bentley Systems. Vlad Shmunis, fondateur et CEO de RingCentral, a salué le parcours de Lamba en matière de croissance et de rentabilité, mettant en avant sa perspective unique et sa passion pour l'innovation. Lamba a exprimé son enthousiasme à contribuer aux solutions de communication d'affaires pilotées par l'IA de RingCentral et à accroître la valeur pour les actionnaires.

RingCentral, ein führender Anbieter von KI-Kommunikationslösungen, hat die Ernennung von Abhey Lamba zum neuen Finanzvorstand bekannt gegeben. Lamba wird die Finanzplanung, das Controlling, die Besteuerung, das Treasury, die Unternehmensentwicklung und die Beziehungen zu Investoren überwachen. Er bringt über 30 Jahre Erfahrung aus Unternehmen wie Amazon Web Services, Cisco Systems und Autodesk mit. Lambas Hintergrund umfasst Positionen als Sell-Side-Analyst an der Wall Street und als Software-Ingenieur bei Bentley Systems. Vlad Shmunis, Gründer und CEO von RingCentral, lobte Lambas Erfolgsbilanz beim Wachstum und der Rentabilität und hob seine einzigartige Perspektive und Leidenschaft für Innovation hervor. Lamba äußerte seine Begeisterung, zu den KI-gesteuerten Geschäftskommunikationslösungen von RingCentral beizutragen und den Shareholder-Value zu steigern.

Positive
  • Appointment of Abhey Lamba as CFO, bringing over 30 years of experience.
  • Lamba’s background includes senior finance roles at Amazon Web Services, Cisco Systems, and Autodesk.
  • Lamba has a track record of driving growth and profitability in multi-billion dollar businesses.
Negative
  • None.

BELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company’s financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations.

Abhey Lamba, courtesy of RingCentral

Abhey Lamba, courtesy of RingCentral

A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web Services, where he is Vice President of Finance for Global Infrastructure, including Gen AI investments. Prior to Amazon, he held finance leadership roles at Cisco Systems and Autodesk, Inc. In his various roles, he has driven growth and profitability for multi-billion dollar businesses. Previously, he served as a sell-side analyst on Wall Street for over 15 years, where he covered enterprise technology, hardware, and SaaS companies at UBS, ISI Group, and Mizuho Securities. Lamba began his career as a software engineer at Bentley Systems before earning his MBA in Finance and Marketing from the Wharton School at the University of Pennsylvania.

Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, “Abhey brings an exceptional combination of skills to the CFO role at RingCentral. He has a strong track record of driving growth and profitability at the world’s premier technology companies, working with leading AI technologies, and he brings a unique perspective having covered public companies on Wall Street as a sell-side analyst. On top of that, he understands the importance of product development, having begun his career as a software engineer, and shares our passion for innovation. We look forward to having him on our leadership team where together we will continue to drive profitable growth and margin expansion.”

Lamba said, “RingCentral is the pioneer of cloud-based business communications solutions and is now leading the way in AI innovation for businesses around the world and across a multitude of use cases and industry verticals. I am impressed with what Vlad and his tenured leadership team have built over the years and view this as an incredible opportunity to create additional value for shareholders. RingCentral’s new product sales are highly inspiring and demonstrate that we have a long runway ahead to drive disciplined profitable growth and free cash flow generation for the Company.”

About Abhey R. Lamba

Since January 2024, Abhey Lamba has served as Vice President of Finance for Global Infrastructure at Amazon Web Services, overseeing a global team of finance professionals. Prior to Amazon, he served in a variety of finance leadership roles, including SVP of Customer Experience and Operations Finance at Cisco Systems, VP of Go-To-Market Finance at Autodesk where he drove significant revenue growth, and VP of Investor Relations at Autodesk. Before that, he spent nearly 15 years on Wall Street as a sell-side analyst where he analyzed highly successful SaaS and other technology companies. Lamba began his career at Bentley Systems, Inc. where he worked as a software engineer. He earned a B.S. in Mechanical Engineering from the Indian Institute of Technology (IIT Bombay), an M.S. in Mechanical Engineering from the University of Connecticut, and an MBA in Finance and Marketing from the Wharton School at the University of Pennsylvania.

About RingCentral

RingCentral is a leading provider of trusted AI communications, contact center, sales intelligence, video and hybrid event solutions. 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 hundreds of thousands of customers and millions of users worldwide. Visit ringcentral.com to learn more.

© 2024 RingCentral, Inc. All rights reserved. RingCentral and the RingCentral logo are trademarks of RingCentral, Inc.

Forward-Looking Statements

This press release contains “forward-looking statements,” including but not limited to, statements regarding our future financial results, and changes to the Company’s leadership structure and the timing and benefits thereof. Forward-looking statements are subject to known and unknown risks and uncertainties, and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and in other filings we make with the Securities and Exchange Commission from time to time.

All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and we undertake no obligation to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

IR Contact:

Will Wong, RingCentral

650-450-4826

ir@ringcentral.com

PR Contact:

Mariana Leventis, RingCentral

650-562-6545

Mariana.leventis@ringcentral.com

Source: RingCentral, Inc.

FAQ

Who has RingCentral appointed as their new CFO?

RingCentral has appointed Abhey Lamba as their new Chief Financial Officer.

What will Abhey Lamba's responsibilities be at RingCentral?

Abhey Lamba will oversee financial planning, controllership, tax, treasury, corporate development, and investor relations at RingCentral.

What experience does Abhey Lamba bring to RingCentral?

Abhey Lamba brings over 30 years of experience from Amazon Web Services, Cisco Systems, Autodesk, and as a sell-side analyst on Wall Street.

What did Vlad Shmunis say about Abhey Lamba's appointment?

Vlad Shmunis, CEO of RingCentral, praised Lamba's track record in driving growth and profitability and highlighted his unique perspective and passion for innovation.

Why is Abhey Lamba excited about joining RingCentral?

Abhey Lamba is excited about joining RingCentral to contribute to its AI-driven business communications solutions and drive shareholder value.

RINGCENTRAL, INC.

NYSE:RNG

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