C-Suite Transitions – CEO Transition at Five9

Sudden Departures

1. Zscaler (ZS) Amit Sinha, informed the company of his intention to resign from his position as President of the company effective as of October 21, 2022.
2. Greenidge Generation Holdings (GREE) announced that Jeffrey Kirt is to resign from his roles as CEO and Director, effective October 7, 2022.
3. Michael A. Holland, Senior Vice President, and Chief Technology Officer, of Kirkland’s (KIRK) announced his intent to resign effective October 28, 2022.

CEO Transition at Five9 (FIVN)

Five9, a cloud software provider for contact centers in the United States and internationally, fell more than 20% on Monday, October 10, 2022, when CEO Rowan Trollope announced his resignation. Troloppe has been the CEO of Five9 since 2018 and will now be assuming the role of CEO at a privately held pre-IPO company outside of the cloud contact center software as a service (CCaaS)  space.

Mike Burkland, long-time Chairman and former CEO of Five9, will return to the CEO position. This transition will be effective on November 28, 2022. In 2017, Burkland suffered a cancer diagnosis, leading to his resignation as Five9’s CEO. Burkland had guided the business through its IPO in 2014 and grown Five9 into one of the CCaaS industry’s fastest-growing public firms.

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