8x8 has made organisational changes to its leadership structure after terminating the employment contract of CEO Dave Sipes (pictured) with immediate effect.
For undisclosed reasons, CFO Samuel C. Wilson will assume his role as CEO by the board, with SVP of Finance Kevin Kraus also stepping in as CFO.
Wilson’s and Kraus’ appointments are on an interim basis until the UC firm can find permanent replacements for both positions.
Jaswinder Pal Singh, Chairman of the Board, said: “We have confidence in Sam’s leadership and will work closely with him and the management team to ensure that this change is seamless for our customers, partners, employees, and stockholders.”