Jeffrey Citron to Replace Michael Schneider as CEO of Vonage
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Center Outsourcing  |  Call Recording  |  SIP Trunking  |  Hosted Exchange  |  PBX
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[April 12, 2007]

Jeffrey Citron to Replace Michael Schneider as CEO of Vonage

President and Editor-in-Chief
 
Jeffrey Citron will replace Michael Schneider as CEO of Vonage (News - Alert). It seems Wall Street is happy with this move as the stock price has increased somewhat on this news.


 
In addition, the company has instituted a hiring freeze and layoffs of 180 workers or about 10% of the workforce according to CNBC.
 
Vonage also says they are just shy of the 3 million customer milestone, which is a fantastic achievement.
 
Having Citron back as CEO is great news for the company as he is responsible for building Vonage into the strong brand it is today. Unfortunately, blame can be placed on him for building a market-share at-all-cost company.
 
Hopefully the layoffs could be a sign that Citron is serious about achieving profitability. Jeffrey has got to focus on profit now more than ever if he wants to gain Wall Street’s blessing and get the stock price to start moving in the positive direction.
 
 
-----

Rich Tehrani is President and Group Editor in Chief at TMC (News - Alert). In addition he is the Chairman of the world’s best attended VoIP event, Internet Telephony Conference & Expo.


[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Leveraging the Cloud to Create the Ultimate Customer Experience
Bridging the Great Divide: Best Practices for Integrating Social Media and Customer Service for Bottom Line Results
Five Steps to an Employee Effectiveness Model: Improve Business Results with Engaged Employees
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
A Manifesto for Efficient IT Infrastructure Management
Cable TV Companies See Healthcare Services as Next Growth Market
Master Agent Terrapin Solutions Expands Portfolio
Court Says Samsung Can Sell Galaxy Tab 10.1Ns in …
CallFire Unveils Insurance SMS Text Marketing and Auto Dialer Best …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Novatel's Ovation MC679 Released On TELUS' LTE Network
Telmex, Alcatel-Lucent Agree to a Deal that Will Bring Ultra-Fast Broadband to Mexico
RPX Offers Syndicate Licensing for Alcatel-Lucent's Patent Portfolio
Tango Telecom's iAX Dynamic Pricing Service Sets New Performance Benchmark
PartyPail Gains Online Visibility by Forging Promotional Partnerships
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
4GWE Conference
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 1- 4, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.