Ribbon announces sudden departure of CEO

Ribbon Communications announced the departure of its President and Chief Executive Officer, Franklin (Fritz) W. Hobbs, effective immediately. No reason was given.

Steven Bruny, Executive Vice President, Global Sales and Services, and Kevin Riley, Executive Vice President and Chief Technology Officer, have been appointed Interim Co-Presidents and Chief Executive Officers. 

The company said it has engaged a leading global executive search firm to recruit a new CEO.