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United Kingdom : VONAGE CEO Lefar to give up work [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) Marc Lefar, Vonage's CEO said that he is going to retire from the VoIP provider once a replacement is found. Lefar, who joined the company in 2008, will remain on as CEO to make sure an "orderly leadership transition," which the provider stated should be completed by the end of this year. Vonage's board intends to start a formal search for a successor for Lefar, who will also participate in the selection process. The company will look at a mix of internal and external candidates for the CEO role. Lefar will go down in the company's history as a transformational CEO. Jeffrey Citron, chairman of Vonage said, "He charted a new course for the company, delivering strong financial results and dramatic operational improvements . "Strategically, he has guided our transition from the domestic home phone replacement market into higher growth segments and geographies, supported by new services and platforms." Among his actions were driving the company's move into the rewarding international market and delivering a mix of international wireline and wireless-based long-distance services and mobile services . The company started offering a World Premium Unlimited calling plan in 2011 with unlimited calling to mobile phones across 42 countries and counting. However his biggest move came last year when the company shelled out $130 million for VoIP provider Vocalocity, a move that immediately gave the once residential service-focused provider a foothold in the lucrative small to medium business (SMB) market. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |