Ribbon Communications names John Townsend as EVP and CFO, effective after Q3 filing

Ribbon Communications Inc.

John Townsend appointed EVP, CFO effective upon filing of Q3 10-Q or Nov 1, 2024; Miguel Lopez retiring.
Townsend previously CFO of Digicel Group and Verizon Business; base salary $500,000, target bonus 75%.
Sign-on equity grants: $750k time-based RSUs (vest over ~2.5 years) and $750k performance-based PSUs (2025-2027 metrics).
Also receives $750k share price PSUs based on stock price targets through Oct 2028; $50k relocation bonus.
Severance: 6-12 months salary plus prorated bonus and equity acceleration on change in control.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John Townsend

Executive Vice President, Chief Financial Officer

RBBN · Ribbon Communications Inc.

Filed: October 4, 2024, 7:59 PM ET

On October 3, 2024, Ribbon Communications Inc. (the “Company”) announced the appointment of John Townsend as Executive Vice President, Chief Financial Officer of the Company, effective upon the earlier of the filing of the Company’s Form 10-Q for the quarter ended September 30, 2024 and November 1, 2024 (the “Effective Date”).

Departed

Miguel Lopez

Executive Vice President, Chief Financial Officer

RBBN · Ribbon Communications Inc.

Successor: John Townsend
Filed: October 4, 2024, 7:59 PM ET

As previously reported, Miguel Lopez, the Company’s current Executive Vice President, Chief Financial Officer, is retiring from the Company following the filing of the Company’s Form 10-Q for the quarter ended September 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Townsend was appointed as Executive Vice President, Chief Financial Officer at Ribbon Communications Inc..

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

On October 3, 2024, Ribbon Communications Inc. (the “Company”) announced the appointment of John Townsend as Executive Vice President, Chief Financial Officer of the Company, effective upon the earlier of the filing of the Company’s Form 10-Q for the quarter ended September 30, 2024 and November 1, 2024 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Miguel Lopez departed as Executive Vice President, Chief Financial Officer at Ribbon Communications Inc..

Action: retiring
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

As previously reported, Miguel Lopez, the Company’s current Executive Vice President, Chief Financial Officer, is retiring from the Company following the filing of the Company’s Form 10-Q for the quarter ended September 30, 2024.

View on SEC.gov

Ribbon Communications Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-106285

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