Inteliquent CEO Saboo and CFO Junkroski to step down
Inteliquent (Nasdaq: IQNT) on Thursday announced that Surendra Saboo, the company's president and chief operating officer, is leaving the service provider in October.
(Left) Saboo and (right) Junkroski. (Image source: Inteliquent)
Also leaving the company in October is Robert M. Junkroski, the company's chief financial officer.
While both Saboo and Junkroski are relinquishing their duties on Oct. 1, Inteliquent said both will stay with the company until Nov. 1 as part of a transition.
The service provider's board said it is now looking for candidates to replace Junkroski as CFO, but is "not currently planning to hire a successor to fill Dr. Saboo's positions."
"Going forward, we remain committed to building on the foundation laid by Surendra and Rob by continuing our efforts to invest in developing and diversifying our product and service offerings on the path to long-term growth and value creation," said Jim Hynes, founder and chairman of Inteliquent, in a statement.
Both Saboo and Junkroski were key figures in the company's transition from a voice interconnection company into a global IP-based network provider.
A key area of focus that Saboo helped drive at the company was its ongoing move to become a major Ethernet interconnection operator, a move that was bolstered when the former Neutral Tandem bought Italian provider Tinet in September 2010, prompting it to re-launch itself as what is now known as Inteliquent.
One of the major service initiatives Inteliquent launched over the past two years was EtherCloud, a service that combines the Ethernet offerings from both service providers to serve both domestic U.S. and international needs.
- see the release
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Goodbye Neutral Tandem-Tinet, hello Inteliquent