RALEIGH, N.C., July 8, 2021 /PRNewswire/ -- Bandwidth Inc.
(NASDAQ: BAND), a leading global enterprise cloud
communications company, today announced Daryl Raiford will be its new Chief Financial
Officer beginning in August. A former executive at global companies
including Ribbon Communications, Freescale Semiconductor,
Travelport and Hewlett-Packard, Raiford brings extensive experience
in public company financial management, strategic M&A and
growth delivery. He will join Bandwidth July
12 as Executive Vice President and is expected to succeed
Jeff Hoffman as Chief Financial
Officer next month after the filing of the company's quarterly
report for its second fiscal quarter of 2021. Bandwidth previously
announced Hoffman's plans to step down after 10 years at the
company.
Daryl Raiford has a proven track
record driving growth and scaling global organizations, said
Bandwidth CEO David Morken
"Daryl has a proven track record of driving growth and scaling
global organizations across multiple sectors in software,
telecommunications and technology," said David Morken, Bandwidth's Chief Executive
Officer. "His deep experience building and executing are exactly
what we need in this next phase of our evolution as we continue to
scale globally and supercharge our ability to serve enterprise
customers, while managing profitable growth."
"Bandwidth is a dynamic company powering global digital
transformation and the communications migration to the cloud,"
Raiford said. "The company's service-oriented culture and focus on
people are a differentiator for me. I'm looking forward to working
with the Bandwidth team to build on their great momentum and global
reach."
Most recently, Raiford was Chief Financial Officer of Ribbon Communications, a communications
software and network solutions provider. He joined Ribbon through
predecessor company GENBAND and was credited with its strategic
transformation and the successful integration of several M&A
deals--including the merger of GENBAND and Sonus Networks to create
Ribbon and, most recently, Ribbon's 2020 acquisition of ECI Telecom
Ltd.
Previously, he was Vice President and Chief Accounting Officer
and then Vice President of Business Transformation at Freescale
Semiconductor (subsequently acquired by NXP Semiconductors) from
2006 to 2010, where he oversaw the restructuring of Freescale's
manufacturing footprint, monetization of under-utilized assets and
intellectual property, and the consolidation of global design,
sales and marketing.
From 2004 through 2007, Raiford was Executive Vice President and
Chief Financial Officer of Travelport Worldwide Ltd., the
United Kingdom-based global travel
distribution firm, where he helped build a travel powerhouse
including the Orbitz brand that culminated with the sale of the
company to Blackstone Group.
Earlier experience includes serving as Vice President of Finance
and Administration, Americas for Hewlett-Packard and as Corporate Controller
for Compaq Computer Corp. before its acquisition by HP. He was also
Chief Financial Officer for Shell Technology Ventures, based in
Houston, Texas and The Hague, Netherlands, and started his career
at Price Waterhouse in London and
Houston.
Raiford is Chair of the Audit Committee and a member of the
Board of Directors of Leone Media Inc., a private company operating
as MediaKind. He is a Certified Public Accountant and holds a
Bachelor of Business Administration degree in Accounting from The
University of Texas at Austin.
Hoffman, who joined Bandwidth in 2011, will stay at Bandwidth
through Aug. 31 to facilitate a
smooth transition. In his 10 years as Chief Financial Officer,
Hoffman guided Bandwidth on the path of accelerating growth, an
initial public offering in 2017 and the 2020 acquisition of
Voxbone.
"Jeff was instrumental in helping build Bandwidth into the
company it is today," said Morken. "We are deeply grateful for
Jeff's decade of service to our team and our mission. The mark he
leaves at Bandwidth is indelible."
About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a
global communications software company that helps enterprises
connect people around the world with cloud-ready voice, messaging,
and emergency services. Backed by the largest directly-connected
network on the planet, companies like Cisco, Google, Microsoft,
RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed
communications into software and applications. Bandwidth has more
than 20 years in the technology space and is the first and only
Communications Platform-as-a-Service (CPaaS) provider offering a
robust selection of APIs built around our own global network. Our
award-winning support teams help businesses around the world solve
complex communications challenges every day. More information is
available at www.bandwidth.com.
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SOURCE Bandwidth Inc.