- Shares of cloud software provider Five9 fell 22% Monday after CEO Rowan Trollope announced his resignation.
- Trollope is leaving to pursue become CEO of a venture-backed pre-IPO startup, he said on Twitter.
- He’s being succeeded by former Five9 CEO Mike Burkland, who resigned from the position in 2017 after he was diagnosed with cancer.
Trollope, who was a top executive at Cisco before taking the Five9 job in 2018, said the company is still in a “great position,” and he remains bullish on its ability to “tackle the future.”
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