RingCentral Appoints Abhey Lamba as Chief Financial Officer

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company’s financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations.

A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web Services, where he is Vice President of Finance for Global Infrastructure, including Gen AI investments. Prior to Amazon, he held finance leadership roles at Cisco Systems and Autodesk, Inc. In his various roles, he has driven growth and profitability for multi-billion dollar businesses. Previously, he served as a sell-side analyst on Wall Street for over 15 years, where he covered enterprise technology, hardware, and SaaS companies at UBS, ISI Group, and Mizuho Securities. Lamba began his career as a software engineer at Bentley Systems before earning his MBA in Finance and Marketing from the Wharton School at the University of Pennsylvania.

Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, “Abhey brings an exceptional combination of skills to the CFO role at RingCentral. He has a strong track record of driving growth and profitability at the world’s premier technology companies, working with leading AI technologies, and he brings a unique perspective having covered public companies on Wall Street as a sell-side analyst. On top of that, he understands the importance of product development, having begun his career as a software engineer, and shares our passion for innovation. We look forward to having him on our leadership team where together we will continue to drive profitable growth and margin expansion.”

Lamba said, “RingCentral is the pioneer of cloud-based business communications solutions and is now leading the way in AI innovation for businesses around the world and across a multitude of use cases and industry verticals. I am impressed with what Vlad and his tenured leadership team have built over the years and view this as an incredible opportunity to create additional value for shareholders. RingCentral’s new product sales are highly inspiring and demonstrate that we have a long runway ahead to drive disciplined profitable growth and free cash flow generation for the Company.”

About Abhey R. Lamba

Since January 2024, Abhey Lamba has served as Vice President of Finance for Global Infrastructure at Amazon Web Services, overseeing a global team of finance professionals. Prior to Amazon, he served in a variety of finance leadership roles, including SVP of Customer Experience and Operations Finance at Cisco Systems, VP of Go-To-Market Finance at Autodesk where he drove significant revenue growth, and VP of Investor Relations at Autodesk. Before that, he spent nearly 15 years on Wall Street as a sell-side analyst where he analyzed highly successful SaaS and other technology companies. Lamba began his career at Bentley Systems, Inc. where he worked as a software engineer. He earned a B.S. in Mechanical Engineering from the Indian Institute of Technology (IIT Bombay), an M.S. in Mechanical Engineering from the University of Connecticut, and an MBA in Finance and Marketing from the Wharton School at the University of Pennsylvania.

About RingCentral

RingCentral is a leading provider of trusted AI communications, contact center, sales intelligence, video and hybrid event solutions. RingCentral empowers businesses with conversation intelligence and unlocks rich customer and employee interactions to provide insights and improved business outcomes. With decades of expertise in reliable and secure cloud communications, RingCentral has earned the trust of hundreds of thousands of customers and millions of users worldwide. Visit ringcentral.com to learn more.

© 2024 RingCentral, Inc. All rights reserved. RingCentral and the RingCentral logo are trademarks of RingCentral, Inc.

Forward-Looking Statements

This press release contains “forward-looking statements,” including but not limited to, statements regarding our future financial results, and changes to the Company’s leadership structure and the timing and benefits thereof. Forward-looking statements are subject to known and unknown risks and uncertainties, and are based on assumptions that may prove to be incorrect, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and in other filings we make with the Securities and Exchange Commission from time to time.

All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and we undertake no obligation to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.