Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



8x8 CEO Would Rather Be CTO -- So Hires a Replacement

San Jose, Calif.-based telecom 8x8 (NASDAQ: EGHT  ) has a new CEO.

On Monday, 8x8 announced that Board of Directors member Vikram Verma has been appointed its chief executive officer, replacing current CEO Bryan Martin, who is stepping down one rung to become company chief technology officer, effective immediately. Martin remains Verma's boss, however, inasmuch as he is retaining his position as chairman of the board of directors.

Explaining his decision to step aside as CEO in favor of Verma, Martin said the company's new chief executive possesses "expertise ... in guiding growth technology companies on a global basis [and] is what 8x8 needs to accelerate this plan."

Verma is described as bringing "over 23 years of diverse executive experience to 8x8, including President of Strategic Venture Development at Lockheed Martin and Chairman of the Board and CEO of Savi Technology." An engineer by training, and with multiple degrees in electrical engineering, Verma actually began his career as a design engineer at Savi, rising to eventually run the whole company.

Read/Post Comments (2) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On September 09, 2013, at 7:54 PM, duzer5 wrote:

    This is good news. It's hard for founders to step aside, he made the right choice! The company is getting to big for Bryan. Do what he does best and remain Chairman--good for the shareholders!

  • Report this Comment On September 09, 2013, at 7:54 PM, duzer5 wrote:

    too big-sorry

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2629389, ~/Articles/ArticleHandler.aspx, 10/8/2015 11:11:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

Today's Market

updated 1 hour ago Sponsored by:
DOW 17,050.75 138.46 0.82%
S&P 500 2,013.43 17.60 0.88%
NASD 4,810.79 19.64 0.41%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/8/2015 3:59 PM
EGHT $8.92 Up +0.03 +0.34%
8x8, Inc. CAPS Rating: ****