Jeffrey Citron to Replace Michael Schneider as CEO of Vonage
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[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.

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