$STC.TO

Sangoma Technologies Plunges Near 55%, Announces CFO Retirement

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.

Sangoma Announcing CFO Transition: Larry Stock To Retire June 30; Adrian Back Named Interim CFO; Board Commences Search For Permanent Successor

Sangoma Q3 Revenue at US$51.0M; Net Loss $2.3M, $0.07 Fully Diluted