Tarek Robbiati, CFO of Hewlett Packard Enterprise (‘HPE’), is leaving to become CEO of RingCentral, with effect from August 25. Jeremy Cox, Corporate Controller & Chief Tax Officer, has been appointed interim CFO while the company conducts a search for a permanent replacement.
RingCentral is based in Silicon Valley, which is where HPE had its headquarters until it moved to Spring, TX in 2020. RingCentral has a market cap of $3.7 billion, compared to HPE’s $22 billion. The company provides enterprise cloud communications, collaboration and contact center solutions, primarily through subscription services.
RingCentral CEO Vlad Shmunis founded the company in 1999 and is transitioning to Executive Chairman. To make run for Mr. Robbiati, Mo Katibeh, COO for the past 18 months, is leaving the company.
Mr. Robbiati became a non-executive director of RingCentral in January of this year.
Mr. Robbiati was appointed CFO of HPE in August 2018. He holds both Italian and Lebanese citizenship and is fluent in six languages. He has a degree in Nuclear Physics and Electronics from Ecole Nationale Supérieure d’Ingénieurs, Caen, France and an MBA from the London Business School.
Mr. Robbiati started his career as an R&D Engineer for Schlumberger in France but has mostly worked in Telecoms in UK, Australia and Hong Kong. He was CEO of FlexiGroup, an Australian financial services group, before becoming the CFO of Sprint in 2015.
Mr. Cox has been with HPE or its predecessors since 2008 and has a more orthodox background. He has a degree from Texas Tech. Most of his experience has been in Tax. He was promoted to Corporate Controller a year ago.