{"id":50508,"date":"2024-07-16T16:24:53","date_gmt":"2024-07-16T13:24:53","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=50508"},"modified":"2026-03-28T06:09:34","modified_gmt":"2026-03-28T03:09:34","slug":"avaya-announces-ceo-leadership-transition","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/avaya-announces-ceo-leadership-transition\/","title":{"rendered":"Avaya Announces CEO Leadership Transition"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>&#8212; CEO Alan Masarek to Retire at Year End; Current Board Chair Patrick Dennis Named CEO \u2013&nbsp;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>&#8212; Company Emphasizes Consistency in Strategic Direction and Commitment to Customers &#8212;<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>MORRISTOWN, New Jersey \u2013 July 16, 2024<\/strong>&nbsp;\u2013 Avaya, a leader in enterprise CX, announced today that Alan Masarek, President and Chief Executive Officer, will retire at the end of the calendar year.&nbsp;&nbsp;Avaya\u2019s current Chair of the Board of Directors, Patrick Dennis, will assume the role of CEO, effective September 1, 2024.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Dennis brings 30 years of experience and a proven track record of transformational leadership of companies in Enterprise Software, SaaS, Cybersecurity and Communications.&nbsp;&nbsp;He currently serves as CEO of Venafi, a cybersecurity company that is in the process of being acquired by CyberArk, where he drove innovation, growth and customer success.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI am honored and thrilled to lead Avaya on the next phase of its journey building on the solid foundation laid by Alan and the leadership team,\u201d said Mr. Dennis. \u201cAvaya is now operating from a position of financial strength and industry leadership, and our strategy is resonating with customers around the world who can be confident in Avaya\u2019s consistency in strategic direction and commitment to deliver for their long-term success.&nbsp;&nbsp;I look forward to working with the team to accelerate Avaya\u2019s market momentum.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Prior to his appointment at Venafi, Mr. Dennis was the CEO of ExtraHop, which nearly doubled in size during his tenure and received industry accolades for the company\u2019s thought leadership in Artificial Intelligence. Mr. Dennis also served as CEO of Aspect Communications (a multinational software company that sells customer experience software to large enterprises, now known as Alvaria) and Guidance Software, and held multiple leadership roles at both EMC and Oracle Corporation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Mr. Masarek\u2019s retirement comes at the conclusion of a successful, eight-quarter transformation of the business, setting Avaya\u2019s ongoing strategic plan for innovation and growth, and firmly positioning the company as a leader in Enterprise CX.&nbsp;&nbsp;Mr. Dennis became Chair of the Avaya Board as the company emerged from its recapitalization in May 2023, and has been a close partner with Mr. Masarek and the leadership team in developing Avaya\u2019s strategy and growth plans.&nbsp;As such, the succession is built upon a shared vision for Avaya\u2019s go-forward strategic direction, innovation, and long-term growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cTwo years ago, I came out of retirement to help lead Avaya forward knowing that the company\u2019s opportunity was extremely profound: terrific technology underpinning an enormous customer base, a massive ecosystem of partners, a large revenue base, and an iconic technology brand,\u201d said Mr. Masarek.&nbsp;&nbsp;\u201cWorking closely with Avaya\u2019s executive leadership team, the Board, our employees, customers and partners has been an immeasurably rewarding experience, and I\u2019m proud of what we have all accomplished together to put Avaya on a strong and steady course for further success. And, while there is certainly more to do, Avaya\u2019s new position of strength combined with Patrick\u2019s unique ability to lead the company creates an opportunity for me to return to retirement, fully confident in Patrick\u2019s ability to lead Avaya to future long-term growth and innovation.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ongoing Momentum<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a><\/a>Over the past two years, Avaya successfully completed a recapitalization and a strategic reset of its customer value proposition and brand promise. More recently, the company embarked on an extensive operational transformation within each functional area and has been focused on the revitalization of its culture, bolstered by a new executive leadership team, and upgrades in talent throughout the company.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Avaya has continued innovating its cloud communications and services portfolio, including Avaya Experience Platform, has delivered on its product roadmaps, and set a path forward for Avaya as a leader in Enterprise CX.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8212; CEO Alan Masarek to Retire at Year End; Current Board Chair Patrick Dennis Named CEO \u2013&nbsp; &#8212; Company Emphasizes Consistency in Strategic Direction and Commitment to Customers &#8212; MORRISTOWN, New Jersey \u2013 July 16, 2024&nbsp;\u2013 Avaya, a leader in enterprise CX, announced today that Alan Masarek, President and Chief Executive Officer, will retire at [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":41043,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":22,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-50508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-telecom","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Avaya CEO transition - Leadership change | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Avaya CEO transition: Alan Masarek to retire; Patrick Dennis named CEO. 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