Ribbon Communications CFO to Retire after 40 Years

By Bobby Samwell • Tuesday, August 13 15:10 • Permanent Link

Ribbon Communications Inc. (NASDAQ: RBBN) has announced that its Executive Vice President and Chief Financial Officer, Miguel "Mick" Lopez, will be retiring in the fourth quarter of 2024, after 40 years in the technology industry. The company has engaged an executive search firm to identify potential successors from both inside and outside the organization. Lopez is expected to continue serving as the CFO until a successor is named.

During his tenure at Ribbon, Lopez played a crucial role in maturing the company's operations and achieving multiple strategic initiatives. His leadership was particularly noteworthy during the integration of Ribbon and ECI, as well as the successful refinancing of the company's capital structure.

Ribbon CEO Bruce McCleland expressed gratitude for Lopez's contributions, highlighting his instrumental role in navigating the complexities of the macro environment and creating a robust foundation for the organization. Lopez himself expressed pride in the collective achievements of the global Ribbon team, emphasizing the establishment of a strong organizational unity and a secure long-term capital structure, which he believes positions Ribbon well for future growth and success.

Ribbon Communications, a provider of real-time communications technology and IP optical networking solutions to major service providers, enterprises, and critical infrastructure operators globally, has maintained a focus on environmental, social, and governance (ESG) matters, offering an annual sustainability report to stakeholders.

In its most recent financial reporting, Ribbon Communications revealed that its Chief Financial Officer, Mick Lopez, had been instrumental in various strategic initiatives, including the successful refinancing of the company's capital structure. Lopez's impending retirement marks the end of an era, and the company has commenced the search for his successor, both internally and externally. The market has reacted to these announcements by moving the company's shares -0.2% to a price of $2.94. Check out the company's full 8-K submission here.

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