RingCentral Appoints Prat Bhatt to Board of Directors

Rhea-AI Summary

RingCentral, Inc. (RNG) appoints Prat Bhatt, a technology industry veteran and financial expert, to its Board of Directors. Bhatt's extensive experience in companies like Cisco Systems and Seagate Technology brings valuable insights to RingCentral's strategic growth plans.

Positive

• Prat Bhatt, a seasoned technology industry veteran, joins RingCentral's Board of Directors, effective March 1, 2024.
• Bhatt's background includes serving as Chief Accounting Officer of Cisco Systems for over 20 years, where he played a pivotal role in operational and financial initiatives.
• Bhatt's appointment aims to leverage his financial and operational expertise to drive long-term value for RingCentral's shareholders.
• Bhatt's current roles on the board of Seagate Technology and the Governing Board of the Center for Audit Quality highlight his strong financial acumen and industry experience.
• Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, emphasizes Bhatt's executive management experience and financial insights as valuable additions to the Board.
• Bhatt expresses his pride in joining RingCentral's Board and looks forward to contributing to the company's growth amidst technological advancements.
• Allan Thygesen, a current Board member, will be stepping down in the second quarter of 2024 to focus on other commitments.

Negative

• None.

BELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company’s Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board’s audit committee.

Photo of Prat Bhatt, courtesy of RingCentral

Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems. In his more than 20 years at Cisco, Bhatt was instrumental in scaling operational and financial initiatives in the face of rapid technological change while facilitating successful business outcomes and driving long-term value for shareholders. A certified public accountant, Bhatt began his career as an auditor at Ernst & Young before joining Kaiser Permanente as Director of Financial Operations. Bhatt currently serves on the board of Seagate Technology, a leading innovator of mass-capacity data storage solutions, where he is chair of the Audit and Finance Committee. He also serves on the Governing Board of the Center for Audit Quality, a nonpartisan public policy organization focused on building and maintaining trust in the capital markets.

“Prat brings executive management experience from a Fortune 100 technology company, and will bring to our board significant financial and operational insights built from his over 25 years in the communications technology industry,” said Vlad Shmunis, Founder, Chairman and CEO of RingCentral. “As we bring new and disruptive technologies to market while executing our disciplined strategic plan to drive long-term growth, Prat’s track record of financial and operational growth is a strong complement to our Board.”

“RingCentral is core to organizations around the world who rely on trusted and innovative communications platforms to keep their businesses running,” said Bhatt. “I am proud to join the Board and look forward to working closely with Vlad and my fellow directors at this exciting time for the company.”

Additionally, Allan Thygesen, who has served on the Board for nine years, will be transitioning off in the second quarter of 2024 to focus on his other commitments.

About RingCentral

RingCentral is a leading provider of AI-driven cloud business communications, contact center, 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 millions of customers and thousands of partners worldwide. Visit ringcentral.com to learn more.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240220097878/en/

Investor Relations Contact:

Will Wong, RingCentral

650-450-4826

ir@ringcentral.com

Media Contact:

Mariana Leventis, RingCentral

650-562-6545

Mariana.Leventis@ringcentral.com

Source: RingCentral, Inc.

FAQ

Who has been appointed to RingCentral's (RNG) Board of Directors?

Prat Bhatt, an accomplished technology industry veteran and financial expert, has been appointed to RingCentral's Board of Directors.

What is Prat Bhatt's background?

Prat Bhatt previously served as the Chief Accounting Officer of Cisco Systems and has over 20 years of experience in the communications technology industry.

What roles does Prat Bhatt currently hold?

Prat Bhatt currently serves on the board of Seagate Technology and the Governing Board of the Center for Audit Quality.

Why is Prat Bhatt's appointment significant for RingCentral?

Prat Bhatt's appointment is significant as it brings valuable financial and operational insights to support RingCentral's strategic growth plans.

Who will be transitioning off the Board of Directors?

Allan Thygesen, a current Board member, will be transitioning off in the second quarter of 2024 to focus on his other commitments.