Holmdel-based Vonage said Tuesday that David Pearson will retire as the company’s chief financial officer in May—a post he has held since 2013.
Pearson, who will actively participate in the search and selection process for his successor, will remain on as a special advisor to ensure a smooth transition. A global executive exploration firm will conduct the search for his replacement.
During Pearson’s time at Vonage, he helped drive its transformation from a consumer telephony company into a global leader in business cloud communications. He led the execution, financing and integration of nine acquisitions that transformed the company; scaled the finance function; and led the Consumer segment, which the company has optimized as it has grown the Business segment at industry-leader rates.
Prior to joining Vonage in 2013, Pearson was with Coopers & Lybrand and before that had a 19-year career in investment banking, primarily at Goldman, Sachs & Co.
Commenting on this announcement, Vonage board member Chief Executive Officer Alan Masarek said: “On behalf of the company and board of directors, I want to thank Dave for his seven years of exemplary service to Vonage. Dave was instrumental in developing and executing the acquisition strategy that repositioned the company in growth markets, resulting in Vonage becoming a leader in business cloud communications and a growing and profitable consolidated company.”