STOCK TITAN

RingCentral Appoints Former U.S. Secretary of Education Arne Duncan to Board of Directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
management
Rhea-AI Summary

RingCentral (NYSE:RNG) has appointed former U.S. Secretary of Education, Arne Duncan, to its board of directors. Duncan, who served under the Obama Administration from 2009 to 2015, brings extensive experience from his tenure as CEO of Chicago Public Schools and his current roles at the University of Chicago and Emerson Collective. CEO Vlad Shmunis expressed enthusiasm for Duncan's insights, highlighting the importance of addressing community challenges through innovative communication technologies. This appointment signals a strategic move towards enhancing RingCentral's vision of enabling remote communication.

Positive
  • Appointment of Arne Duncan brings valuable insights from education and community sectors.
  • Duncan's experience in leadership roles may enhance strategic direction and innovation.
Negative
  • Concerns may arise regarding continuity in leadership experience within the board.

RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today appointed former U.S. Secretary of Education, Arne Duncan to the company’s board of directors.

Arne Duncan, courtesy of RingCentral

Arne Duncan, courtesy of RingCentral

“Over the past year we have learned the importance of being able to communicate effectively from wherever we are,” said Secretary Duncan. “RingCentral’s vision of enabling people to learn and work from anywhere presents some intriguing opportunities for us all to rethink how this next generation of communications technologies will empower us as individuals, families, businesses and our communities. I look forward to working with my fellow board members on this exciting journey.”

Secretary Duncan was U.S. Secretary of Education from January 2009 through December 2015 as part of the Obama Administration. Prior to his federal government service, he was CEO of Chicago Public Schools for eight years, and he is currently a senior fellow at the University of Chicago Harris School of Public Policy. He is also the managing partner at Emerson Collective, an organization dedicated to removing barriers so people can live to their full potential. He currently leads Chicago CRED, a nonprofit trying to achieve a transformative reduction in gun violence in Chicago. Secretary Duncan graduated magna cum laude from Harvard University in 1987, majoring in sociology.

“Secretary Duncan brings a broad understanding and experience of the challenges that our communities will have to address over the next decade,” said Vlad Shmunis, founder, chairman and CEO of RingCentral. “RingCentral appreciates the knowledge, experience and perspectives of trusted advisors. I am excited to have him join our Board on this journey. I know his contributions will have a great impact.”

About RingCentral

RingCentral, Inc. (NYSE: RNG) is a leading provider of business cloud communications and contact center solutions based on its powerful Message Video Phone™    (MVP™) platform. More flexible and cost effective than legacy on-premise PBX and video conferencing systems that it replaces, RingCentral empowers modern mobile and distributed workforces to communicate, collaborate, and connect via any mode, any device, and any location. RingCentral offers three key products in its portfolio including RingCentral Office® , a Unified Communications as a Service (UCaaS) platform including team messaging, video meetings, and a cloud phone system; Glip ®  the company's free video meetings solution with team messaging that enables Smart Video Meetings™; and RingCentral cloud Contact Center   solutions. RingCentral’s open platform integrates with leading third party business applications and enables customers to easily customize business workflows. RingCentral is headquartered in Belmont, California, and has offices around the world.

© 2021 RingCentral, Inc. All rights reserved. RingCentral, Message Video Phone,   MVP, RingCentral Office, Glip, Smart Video Meetings, and the RingCentral logo are trademarks of RingCentral, Inc.

FAQ

Who is Arne Duncan and what is his role at RingCentral?

Arne Duncan is the former U.S. Secretary of Education and has been appointed to RingCentral's board of directors.

What impact does Arne Duncan's appointment have on RingCentral?

Duncan's appointment is expected to bring new perspectives on communication technologies and community challenges.

When was Arne Duncan appointed to RingCentral's board?

Arne Duncan was appointed to RingCentral's board on February 16, 2021.

What is RingCentral's primary business focus?

RingCentral focuses on providing enterprise cloud communications, video meetings, and contact center solutions.

How does Arne Duncan's background influence RingCentral?

Duncan's experience in education and community service may contribute to RingCentral's approach in addressing communication needs.

RINGCENTRAL, INC.

NYSE:RNG

RNG Rankings

RNG Latest News

RNG Stock Data

3.25B
79.27M
1%
104.77%
6.92%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
BELMONT