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Zoom Appoints Michelle Chang as Chief Financial Officer

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Zoom Video Communications (NASDAQ: ZM) has appointed Michelle Chang as its new Chief Financial Officer (CFO), effective October 7, 2024. Chang, with over 25 years of financial leadership experience, most recently served as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization. She will report directly to Zoom's founder and CEO Eric S. Yuan, overseeing the company's financial strategy and leading the global finance organization.

Chang succeeds Kelly Steckelberg, who will continue in an advisory role until the announcement of Zoom's third fiscal quarter results ending October 31, 2024. The appointment aligns with Zoom's focus on driving innovation, growth, and value creation, particularly as the company advances its Zoom 2.0 vision and AI-first work platform strategy. Chang expressed excitement about joining Zoom and supporting its mission to deliver customer happiness through innovative workplace communications and collaboration solutions.

Zoom Video Communications (NASDAQ: ZM) ha nomato Michelle Chang come nuovo Chief Financial Officer (CFO), con effetto dal 7 ottobre 2024. Chang, con oltre 25 anni di esperienza nella leadership finanziaria, ha ricoperto recentemente il ruolo di Vicepresidente Corporate e CFO dell'Organizzazione Vendite Commerciali e Partner di Microsoft. Riporterà direttamente al fondatore e CEO di Zoom, Eric S. Yuan, supervisionando la strategia finanziaria dell'azienda e guidando l'organizzazione finanziaria globale.

Chang succede a Kelly Steckelberg, che continuerà in un ruolo di consulenza fino all'annuncio dei risultati del terzo trimestre fiscale di Zoom, che si concluderà il 31 ottobre 2024. La nomina è in linea con l'attenzione di Zoom nel promuovere innovazione, crescita e creazione di valore, in particolare mentre l'azienda progredisce nella sua visione Zoom 2.0 e nella strategia del lavoro incentrato sull'IA. Chang ha espresso entusiasmo per l'ingresso in Zoom e per il supporto alla sua missione di fornire felicità ai clienti attraverso comunicazioni innovative e soluzioni per la collaborazione sul posto di lavoro.

Zoom Video Communications (NASDAQ: ZM) ha designado a Michelle Chang como su nueva Directora Financiera (CFO), con efecto a partir del 7 de octubre de 2024. Chang, con más de 25 años de experiencia en liderazgo financiero, se desempeñó recientemente como Vicepresidenta Corporativa y CFO de la Organización de Ventas Comerciales y Socios de Microsoft. Ella reportará directamente al fundador y CEO de Zoom, Eric S. Yuan, supervisando la estrategia financiera de la empresa y liderando la organización financiera global.

Chang sucede a Kelly Steckelberg, quien continuarán en un papel asesor hasta el anuncio de los resultados del tercer trimestre fiscal de Zoom, que finaliza el 31 de octubre de 2024. La designación se alinea con el enfoque de Zoom en impulsar la innovación, el crecimiento y la creación de valor, especialmente a medida que la empresa avanza en su visión Zoom 2.0 y estrategia de plataforma de trabajo centrada en IA. Chang expresó su entusiasmo por unirse a Zoom y apoyar su misión de brindar felicidad a los clientes a través de soluciones innovadoras de comunicación y colaboración en el lugar de trabajo.

Zoom 비디오 커뮤니케이션즈 (NASDAQ: ZM)는 미셸 창을 새로운 최고 재무 책임자(CFO)로 임명했습니다, 2024년 10월 7일부로 발효됩니다. 25년 이상의 재무 리더십 경험을 가진 창은 최근 Microsoft의 상업 판매 및 파트너 조직 부사장이자 CFO로 재직했습니다. 그녀는 Zoom의 창립자이자 CEO인 에릭 S. 완에게 직접 보고하게 되며, 회사의 재무 전략을 감독하고 글로벌 재무 조직을 이끌 것입니다.

창은 켈리 스테켈버그의 후임이 되며, 스테켈버그는 2024년 10월 31일에 종료되는 Zoom의 세 번째 회계 분기 결과 발표까지 자문 역할을 계속할 것입니다. 이번 임명은 Zoom이 혁신, 성장 및 가치 창출을 촉진하는 데 집중하는 것과 일치하며, 특히 회사가 Zoom 2.0 비전 및 AI 중심의 작업 플랫폼 전략을 추진하는 가운데 이루어집니다. 창은 Zoom에 합류하게 되어 기쁘며, 혁신적인 직장 통신 및 협업 솔루션을 통해 고객 행복을 제공하는 사명을 지원할 수 있기를 기대한다고 밝혔습니다.

Zoom Video Communications (NASDAQ: ZM) a nommé Michelle Chang comme nouvelle Directrice Financière (CFO), à compter du 7 octobre 2024. Chang, forte de plus de 25 ans d'expérience en leadership financier, a récemment exercé les fonctions de Vice-présidente Corporate et CFO de l'organisation des ventes commerciales et des partenaires de Microsoft. Elle reportera directement au fondateur et PDG de Zoom, Eric S. Yuan, supervisant la stratégie financière de l'entreprise et dirigeant l'organisation financière mondiale.

Chang succède à Kelly Steckelberg, qui continuera dans un rôle consultatif jusqu'à l'annonce des résultats du troisième trimestre fiscal de Zoom, se terminant le 31 octobre 2024. La nomination s'inscrit dans l'optique de Zoom de stimuler l'innovation, la croissance et la création de valeur, en particulier alors que l'entreprise avance dans sa vision Zoom 2.0 et sa stratégie de plateforme de travail axée sur l'IA. Chang a exprimé son enthousiasme à l'idée de rejoindre Zoom et de soutenir sa mission de fournir le bonheur aux clients grâce à des solutions innovantes de communication et de collaboration sur le lieu de travail.

Zoom Video Communications (NASDAQ: ZM) hat Michelle Chang zur neuen Chief Financial Officer (CFO) ernannt, die am 7. Oktober 2024 in Kraft treten wird. Chang, die über 25 Jahre Erfahrung in der Finanzführung verfügt, war zuletzt als Corporate Vice President und CFO der Commercial Sales & Partner Organization von Microsoft tätig. Sie wird direkt an den Gründer und CEO von Zoom, Eric S. Yuan, berichten und die Finanzstrategie des Unternehmens sowie die globale Finanzorganisation leiten.

Chang tritt die Nachfolge von Kelly Steckelberg an, die bis zur Bekanntgabe der Ergebnisse des dritten Geschäftsquartals von Zoom, das am 31. Oktober 2024 endet, weiterhin in beratender Funktion tätig sein wird. Die Ernennung steht im Einklang mit dem Bestreben von Zoom, Innovation, Wachstum und Wertschöpfung voranzutreiben, insbesondere da das Unternehmen seine Zoom 2.0-Vision und AI-first-Arbeitsplattformstrategie vorantreibt. Chang äußerte ihre Begeisterung über den Einstieg bei Zoom und die Unterstützung seiner Mission, die Zufriedenheit der Kunden durch innovative Kommunikations- und Kollaborationslösungen am Arbeitsplatz zu fördern.

Positive
  • Appointment of experienced CFO with 25+ years in financial leadership
  • New CFO's background includes leadership role at major tech company (Microsoft)
  • Alignment with Zoom's strategic vision for growth and innovation
  • Smooth transition period with outgoing CFO remaining in advisory capacity
Negative
  • None.

SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications (NASDAQ: ZM), today announced that Michelle Chang has been appointed as its Chief Financial Officer (CFO), effective October 7, 2024. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate Vice President and CFO of Microsoft’s Commercial Sales & Partner Organization.

Reporting directly to Zoom’s founder and CEO Eric S. Yuan, Chang will be responsible for overseeing Zoom’s financial strategy, and will lead the global finance organization, including investor relations, tax, accounting and FP&A. Chang will succeed Kelly Steckelberg, who as previously announced, will continue to serve in an advisory capacity until the announcement of financial results for Zoom’s third fiscal quarter ending October 31, 2024.

"We are thrilled to welcome Michelle to Zoom as we continue to drive innovation, growth and value creation across our platform, especially as we advance our Zoom 2.0 vision and AI-first work platform strategy," said Yuan. "Michelle is a results and values-driven leader with a strong track record of overseeing and implementing growth initiatives while developing and engaging talent across functions."

“I’m excited to join Zoom as the company executes on its mission to deliver customer happiness by providing an innovative platform that enables the future of workplace communications and collaboration,” said Chang. “I look forward to rolling up my sleeves and working with the entire Zoom team to help support customers, as well as drive long-term growth and shareholder value."

About Michelle Chang

Michelle Chang brings over 25 years of extensive leadership and finance experience to Zoom. Most recently, she was Corporate Vice President and CFO of Microsoft Commercial Sales & Partner Organization. Prior to that, she served in numerous leadership positions at Microsoft, including Corporate Vice President and CFO of Modern Workplace (including Office and Teams) & Cyber Security, among others. Her prior experience creating strong teams and collaborative partnerships across engineering and go-to-market illustrates the critical strategic value creation she will bring to Zoom. Chang started her career as an Audit & Consulting Senior at Arthur Andersen. She has a B.A. in Accounting from The University of Washington and is a Board Member of Kindering.

About Zoom

Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more information at zoom.com.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding expectations of Zoom’s continued growth and the expected benefits of Zoom 2.0 and Zoom’s AI-first work platform strategy. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond Zoom’s control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including declines in new customers, renewals or upgrades, or decline in demand for Zoom’s platform, inability to respond to rapid technological changes, extend Zoom’s platform or develop new features, as well as those additional risks and uncertainties described under the caption “Risk Factors” and elsewhere in Zoom’s most recent filings with the Securities and Exchange Commission, including its quarterly report on Form 10-Q for the second fiscal quarter ended July 31, 2024. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Contacts

Public Relations
Colleen Rodriguez
Head of Global PR for Zoom
press@zoom.us

Investor Relations
Charles Eveslage
Head of Investor Relations for Zoom
investors@zoom.us


FAQ

When will Michelle Chang start as Zoom's new CFO?

Michelle Chang will start as Zoom's new Chief Financial Officer (CFO) effective October 7, 2024.

What is Michelle Chang's previous experience before joining Zoom (ZM)?

Before joining Zoom, Michelle Chang served as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization, bringing over 25 years of experience in financial leadership roles.

Who will Michelle Chang report to at Zoom (ZM)?

Michelle Chang will report directly to Zoom's founder and CEO Eric S. Yuan.

What are Michelle Chang's responsibilities as Zoom's new CFO?

As Zoom's new CFO, Michelle Chang will be responsible for overseeing Zoom's financial strategy and leading the global finance organization, including investor relations, tax, accounting, and FP&A.

When will Zoom (ZM) announce its third fiscal quarter results for 2024?

Zoom's third fiscal quarter results, ending October 31, 2024, will be announced after that date, with the exact announcement date not specified in the press release.

Zoom Video Communications, Inc.

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