Wednesday, February 8, 2023

Five9 shares plunge more than 20% after CEO announces resignation

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  • 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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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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