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Techfast: April 02, 2014 eNewsletter
April 02, 2014

Comings & Goings: Alteva Expects to Drive Long-term Shareholder Value with Management Reshuffle

By Madhubanti Rudra, TMCnet Contributor

Alteva (News - Alert), a provider of hosted Unified Communications as a Service, announced a major management reshuffle, which, the company reps believe, will drive profitable growth for the company.

Based on cloud-based technologies and business applications, Alteva’s UCaaS solution is designed to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce across multiple devices, platforms and operating systems. With a large national and international customer base, the company is committed to deliver customer service excellence. The recent realignment and restructuring moves are primarily aimed at streamlining the company’s operational efficiencies, but it is also expected to drive enhanced customer service excellence.

As part of the move, the company bids adieu to its esisting president and CEO David Cuthbert (News - Alert) and COO, Jay Conn. In order to maintain continuity of leadership, the Board of Directors has created an Office of CEO comprising of Brian Callahan (currently EVP, CFO and Treasurer), Bill Birnie (currently EVP and Chief Marketing Officer) and Mark Marquez (News - Alert) (currently EVP and Chief Technology Officer). They have been inducted into a newly created Office of CEO. The search for Cuthbert and Conn has already started. During the interim period, the Office of the CEO will report directly to the Board of Directors. The company expects to find its next CEO and COO by the second quarter of 2014.

Callahan, Birni, and Marquez are three industry veterans with decades of experience in their respective fields. With these three experienced pros assuming the top responsibilities, the Board of Directors is hopeful that Alteva will achieve sustainable growth to drive long-term shareholder value. Under the new leadership, the company is expected to be better able to meet its customers’ business communication needs.

The shareholders can expect the Board to come up with a redesigned organizational strategy and reporting structure over the upcoming weeks.

Edited by Cassandra Tucker


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