Equibles does not estimate personal net worth.
Earlier roles on record: CFO at RingCentral, Inc. (RNG) until September 10, 2024. RingCentral, Inc. reported in an 8-K filed September 3, 2024 that Sonalee Parekh resigned as Chief Financial Officer, effective September 10, 2024. The proxy statement of RingCentral, Inc. reports total compensation of $5,166,822 for Sonalee Parekh in fiscal 2024, including a base salary of $346,795. Disclosed compensation is on record for 5 fiscal years. Sonalee Parekh has spoken on 9 earnings calls across 1 company, most recently for RingCentral, Inc. on August 1, 2024. The companies whose calls Sonalee Parekh spoke on are classified in the Technology sector.
“On August 27, 2024, Sonalee Parekh informed RingCentral, Inc. (the "Company") of her intention to resign as the Company's Chief Financial Officer and as the Company's principal financial officer under Section 16a-1(f) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), effective September 10, 2024, to accept a Chief Financial Officer role at a public company that is not a competitor, supplier, or customer of RingCentral.”
“I'll provide highlights from the second quarter and then discuss our business outlook for the third quarter and full year. In Q2, subscription revenue of $567 million was up 10% year-over-year, solidly above the high end of our guidance range.”
“I'll provide highlights from the first quarter and then discuss our business outlook for the second quarter and the full year. In Q1, subscription revenue of $557 million was up 10% year-over-year, above the high end of our guidance range.”
“I'll now provide highlights from the fourth quarter and full year 2023, and then discuss our guidance for 2024. In Q4, subscription revenue of $547 million was up 9% year-over-year, above the midpoint of our guidance range.”
“I’ll now provide highlights from the third quarter and then discuss our business outlook for the fourth quarter and full year. Subscriptions revenue of $531 million was up 10% year-over-year and above our guidance range.”
“I’m very much looking forward to continuing our partnership in your new role. Tarek, I’m equally excited to be working with you again. I’d also like to thank Mo for his valued contributions and partnership and wish him the best of luck going forward.”
Start not stated–2024-09-10
Software - Application · Technology
CFO
Compensation components disclosed in company proxy statements. Amounts are nominal USD; total is the company-reported figure.
| Fiscal year | Company | Role | Salary | Total |
|---|---|---|---|---|
| 2024 | RingCentral, Inc. (RNG) | Former Chief Financial Officer | $346,795 | $5,166,822 |
| 2023 | RingCentral, Inc. (RNG) | Former Chief Financial Officer | $60,000 | $11,196,710 |
| 2022 | RingCentral, Inc. (RNG) | Former Chief Financial Officer | $147,500 | $11,305,156 |
| 2021 | RingCentral, Inc. (RNG) | Former Chief Financial Officer | — | — |
| 2020 | RingCentral, Inc. (RNG) | Chief Financial Officer | — | — |
