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Sangoma Technologies Plunges Near 55%, Announces CFO Retirement

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Sangoma Technologies (STC.TO), which has plunged near 55% in U.S. pre-market trading, said early Thursday morning that its chief financial officer Larry Stock is retiring at the end of this month.

Stock will remain available in a senior advisory capacity for one year to ensure an orderly transition, until a full time replacement is named, a statement said.

Adrian Back, current senior vice president of finance, will assume the role of interim chief financial officer. from July 1. The board has begun a search for a permanent successor.

Sangoma Technologies were last seen down US$1.92, to a multi-year low of US$1.60 in New York trading.

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