Sangoma CFO Larry Stock Announces Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: seekingalpha
- Executive Retirement: Sangoma Technologies announced that CFO Larry Stock will retire on June 30, 2026, and will remain available as a senior advisor for one year post-retirement to ensure a smooth transition.
- Interim Succession Plan: Effective July 1, 2026, current Senior Vice President of Finance Adrian Back will assume the role of interim CFO, aimed at maintaining continuity and stability in financial management during the transition.
- Successor Search: The Board of Directors has initiated a search for a permanent CFO, which will include both internal and external candidates, ensuring the selection of a suitable individual to drive the company's financial strategy forward.
- Share Buyback Program: Sangoma Technologies also announced the renewal of its share buyback program, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
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Analyst Views on SANG
Wall Street analysts forecast SANG stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 3.500
Low
8.64
Averages
8.64
High
8.64
Current: 3.500
Low
8.64
Averages
8.64
High
8.64
About SANG
Sangoma Technologies Corporation is a business communications platform provider with solutions that include unified communications as a service (UCaaS), contact center as a service (CCaaS), communications platform as a service (CPaaS), and trunking technologies. Its enterprise-grade communications suite is developed in-house; available for cloud, hybrid, or on-premises deployments. Additionally, it offers managed services for connectivity, network, and security. Its hybrid UCaaS is powered by its cloud architecture, which includes its on-premises StarBox appliance and cloud-based network backbone components. It offers a traditional on-premises unified communications phone system, giving administrators complete control over updates and integrations to deploy their business phone system on-premises. Its cloud-based managed service provider offers to deliver essential communication services that businesses rely on, enhancing its comprehensive suite of communications as a service solution.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Sangoma CFO Larry Stock Announces Retirement
- Executive Retirement: Sangoma Technologies announced that CFO Larry Stock will retire on June 30, 2026, and will remain available as a senior advisor for one year post-retirement to ensure a smooth transition.
- Interim Succession Plan: Effective July 1, 2026, current Senior Vice President of Finance Adrian Back will assume the role of interim CFO, aimed at maintaining continuity and stability in financial management during the transition.
- Successor Search: The Board of Directors has initiated a search for a permanent CFO, which will include both internal and external candidates, ensuring the selection of a suitable individual to drive the company's financial strategy forward.
- Share Buyback Program: Sangoma Technologies also announced the renewal of its share buyback program, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
See More
Sangoma Announces Q3 FY2026 Earnings Release Date and Conference Call
- Earnings Release Schedule: Sangoma Technologies Corporation expects to release its Q3 FY2026 results after market close on May 13, 2026, reflecting ongoing growth in cloud and hybrid communication services.
- Conference Call Announcement: The company will host a conference call on May 13, 2026, at 5:30 PM Eastern Time to discuss the results, with participants requested to dial in five minutes early to ensure timely participation.
- Market Position: As a leading business communications platform provider, Sangoma has built a strong presence with over 100,000 customers and 2.7 million UC seats over its 40-year history, showcasing its significant industry influence and customer base.
- Commitment to Innovation: As the primary developer of the open-source Asterisk and FreePBX projects, Sangoma is dedicated to driving innovation in communication technology, further solidifying its leadership in the UCaaS and CCaaS markets.
See More
Sangoma Technologies Receives Approval for Share Buyback Program
- Buyback Program Approved: Sangoma Technologies announced that the Toronto Stock Exchange has approved its normal course issuer bid, allowing the company to repurchase up to 1.66 million shares, approximately 5% of its outstanding shares, over a 12-month period starting April 6, 2026.
- Market Execution Details: The repurchases will occur on the Toronto Stock Exchange, Nasdaq Global Select Market, and other trading systems, with all repurchased shares set to be cancelled, thereby reducing the number of shares in circulation and potentially enhancing earnings per share.
- Historical Buyback Data: As of March 24, 2026, Sangoma had about 33.3 million shares outstanding, and under its previous buyback program, it repurchased approximately 710,435 shares, indicating a consistent approach to capital management.
- Stock Price Reaction: Following the announcement of the buyback program, Sangoma's stock price rose by 4.12% in pre-market trading to $3.72, reflecting a positive market response to the buyback initiative.
See More
Sangoma Executive Named to 2026 CRN Channel Chiefs List
- Leadership Recognition: Sangoma's SVP of Global Sales, Susan Leveritt, has been named to the 2026 CRN Channel Chiefs list, highlighting her significant contributions to driving the company's channel strategy and innovation, which enhances the company's reputation in the industry.
- Experienced Leader: Leveritt brings over 30 years of technology sales experience and more than 25 years of channel leadership, providing strong support for Sangoma's channel-first strategy and helping the company stand out in a competitive market.
- Driving Partner Success: Leveritt played a key role in creating the Pinnacle Partner Program and now leads Sangoma's bundling initiative, which helps partners sell more and build long-term recurring revenue through integrated solutions, thereby enhancing the company's market competitiveness.
- Strategic Growth Driver: Sangoma's COO, Jeremy Wubs, praised Leveritt's leadership, emphasizing her pivotal role in expanding the partner ecosystem and prioritizing essential communications bundles, which will strongly support the company's growth strategy.
See More
Sangoma Elects Seven Directors and Appoints KPMG as Auditors at Annual Meeting
- Successful Director Elections: At the December 16, 2025, annual meeting, Sangoma elected seven directors, with all nominees receiving over 99% of the votes, reflecting strong shareholder confidence in the management team.
- Auditor Appointment Approved: The appointment of KPMG LLP as auditors for the 2026 fiscal year was approved with 95.03% of votes, ensuring financial transparency and compliance, which will enhance investor confidence.
- Voting Transparency: The results of the meeting will be made available on SEDAR+ and EDGAR, further improving corporate governance transparency and aligning with modern standards for shareholder communication.
- Commitment to Innovation: As a leading business communications platform provider with over 2.7 million UC seats, Sangoma is dedicated to driving continuous innovation in communication technology, thereby solidifying its market leadership position.
See More
Sangoma Selected as Unified Communications Provider for 350-Store Retailer
- Client Selection: A global lifestyle retailer has chosen Sangoma as its unified communications and network services provider for over 350 stores, highlighting the company's growth momentum in high-value vertical markets.
- Solution Integration: Sangoma's integrated offerings combine UCaaS, connectivity, and managed network services under a single contract, simplifying management processes for clients and reducing Total Cost of Ownership.
- Deployment Consistency: A unified, fully managed deployment model was implemented across all existing locations, ensuring service consistency and reliability, which supports clients' long-term expansion plans.
- Strategic Advantage: By providing standardized solutions, Sangoma not only enhances operational efficiency for clients but also strengthens its position as a full-stack communications provider, driving recurring revenue growth.
See More
Sangoma CFO Larry Stock Announces Retirement
- Executive Retirement: Sangoma Technologies announced that CFO Larry Stock will retire on June 30, 2026, and will remain available as a senior advisor for one year post-retirement to ensure a smooth transition.
- Interim Succession Plan: Effective July 1, 2026, current Senior Vice President of Finance Adrian Back will assume the role of interim CFO, aimed at maintaining continuity and stability in financial management during the transition.
- Successor Search: The Board of Directors has initiated a search for a permanent CFO, which will include both internal and external candidates, ensuring the selection of a suitable individual to drive the company's financial strategy forward.
- Share Buyback Program: Sangoma Technologies also announced the renewal of its share buyback program, reflecting the company's confidence in its stock value and aiming to enhance shareholder returns.
See More
Sangoma Announces Q3 FY2026 Earnings Release Date and Conference Call
- Earnings Release Schedule: Sangoma Technologies Corporation expects to release its Q3 FY2026 results after market close on May 13, 2026, reflecting ongoing growth in cloud and hybrid communication services.
- Conference Call Announcement: The company will host a conference call on May 13, 2026, at 5:30 PM Eastern Time to discuss the results, with participants requested to dial in five minutes early to ensure timely participation.
- Market Position: As a leading business communications platform provider, Sangoma has built a strong presence with over 100,000 customers and 2.7 million UC seats over its 40-year history, showcasing its significant industry influence and customer base.
- Commitment to Innovation: As the primary developer of the open-source Asterisk and FreePBX projects, Sangoma is dedicated to driving innovation in communication technology, further solidifying its leadership in the UCaaS and CCaaS markets.
See More
Sangoma Technologies Receives Approval for Share Buyback Program
- Buyback Program Approved: Sangoma Technologies announced that the Toronto Stock Exchange has approved its normal course issuer bid, allowing the company to repurchase up to 1.66 million shares, approximately 5% of its outstanding shares, over a 12-month period starting April 6, 2026.
- Market Execution Details: The repurchases will occur on the Toronto Stock Exchange, Nasdaq Global Select Market, and other trading systems, with all repurchased shares set to be cancelled, thereby reducing the number of shares in circulation and potentially enhancing earnings per share.
- Historical Buyback Data: As of March 24, 2026, Sangoma had about 33.3 million shares outstanding, and under its previous buyback program, it repurchased approximately 710,435 shares, indicating a consistent approach to capital management.
- Stock Price Reaction: Following the announcement of the buyback program, Sangoma's stock price rose by 4.12% in pre-market trading to $3.72, reflecting a positive market response to the buyback initiative.
See More
Sangoma Executive Named to 2026 CRN Channel Chiefs List
- Leadership Recognition: Sangoma's SVP of Global Sales, Susan Leveritt, has been named to the 2026 CRN Channel Chiefs list, highlighting her significant contributions to driving the company's channel strategy and innovation, which enhances the company's reputation in the industry.
- Experienced Leader: Leveritt brings over 30 years of technology sales experience and more than 25 years of channel leadership, providing strong support for Sangoma's channel-first strategy and helping the company stand out in a competitive market.
- Driving Partner Success: Leveritt played a key role in creating the Pinnacle Partner Program and now leads Sangoma's bundling initiative, which helps partners sell more and build long-term recurring revenue through integrated solutions, thereby enhancing the company's market competitiveness.
- Strategic Growth Driver: Sangoma's COO, Jeremy Wubs, praised Leveritt's leadership, emphasizing her pivotal role in expanding the partner ecosystem and prioritizing essential communications bundles, which will strongly support the company's growth strategy.
See More
Sangoma Elects Seven Directors and Appoints KPMG as Auditors at Annual Meeting
- Successful Director Elections: At the December 16, 2025, annual meeting, Sangoma elected seven directors, with all nominees receiving over 99% of the votes, reflecting strong shareholder confidence in the management team.
- Auditor Appointment Approved: The appointment of KPMG LLP as auditors for the 2026 fiscal year was approved with 95.03% of votes, ensuring financial transparency and compliance, which will enhance investor confidence.
- Voting Transparency: The results of the meeting will be made available on SEDAR+ and EDGAR, further improving corporate governance transparency and aligning with modern standards for shareholder communication.
- Commitment to Innovation: As a leading business communications platform provider with over 2.7 million UC seats, Sangoma is dedicated to driving continuous innovation in communication technology, thereby solidifying its market leadership position.
See More
Sangoma Selected as Unified Communications Provider for 350-Store Retailer
- Client Selection: A global lifestyle retailer has chosen Sangoma as its unified communications and network services provider for over 350 stores, highlighting the company's growth momentum in high-value vertical markets.
- Solution Integration: Sangoma's integrated offerings combine UCaaS, connectivity, and managed network services under a single contract, simplifying management processes for clients and reducing Total Cost of Ownership.
- Deployment Consistency: A unified, fully managed deployment model was implemented across all existing locations, ensuring service consistency and reliability, which supports clients' long-term expansion plans.
- Strategic Advantage: By providing standardized solutions, Sangoma not only enhances operational efficiency for clients but also strengthens its position as a full-stack communications provider, driving recurring revenue growth.
See More
