Inteliquent's CFO David Zwick steps down

David Zwick, Inteliquent's CFO, is the latest in a string of executives to leave the troubled wholesale voice tandem provider.

Other than telling the company's board of directors he has decided "to pursue other personal and career opportunities, effective immediately," Zwick provided no details on why he is stepping down.

Taking Zwick's place is the company's controller Eric Carlson, who has been appointed to serve as interim principal financial officer and interim principal accounting officer. Carlson has been serving as Inteliquent's controller since 2004.

The company's board of directors is now conducting a search to find a permanent replacement for the CFO position.

Zwick is just one of many members of management to depart the company in recent years.

After Inteliquent struggled to make a profit from its acquisition of wholesale Ethernet provider Tinet, Surendra Saboo, president and chief operating officer, and company CFO Robert M. Junkroski announced last September they would step down. Later, Inteliquent sold Tinet to GTT, a virtual network operator, for $54.5 million.

Earlier this month, the company received a letter from Nasdaq that it was not in compliance with the stock exchange's listing rules and faced a lawsuit from an investor claiming the service provider violated a Securities and Exchange Commission (SEC) rule.

For more:
- see the release

Related articles:
Inteliquent gets Nasdaq compliance letter, faces shareholder lawsuit
Inteliquent increases 2013 revenue guidance to $225M
Inteliquent reveals shareholder cash return strategy
GTT buys Inteliquent data business for $54.5 million, enhances Ethernet interconnectivity
Inteliquent CEO Saboo and CFO Junkroski to step down

Suggested Articles

Vodafone Group has partnered up with Google Cloud to host its cloud platform for data analytics, business intelligence, and machine learning.

Colt Technology Services is now serving up high-bandwidth internet connectivity provisioned in near-real-time with the launch of its IP Access service

Customers want SD-WAN services, but they are confused by the Baskin-Robbins-like flavors that are available today, according to a Comcast executive.