One Degree Partners Tapped by Ribbon Communications to Find CEO

November 15, 2019 – San Francisco-headquartered executive search firm One Degree Partners has been selected by NASDAQ-traded Ribbon Communications Inc. in Westford, MA, to find its next president and CEO.

The board has appointed Steven Bruny, executive vice president, global sales and services, and Kevin Riley, EVP and chief technology officer, as interim co-presidents and CEO while One Degree Partners identifies and evaluates qualified candidates.

Ribbon Communications delivers software solutions that secure and power many of the world’s leading service provider and enterprise communications environments. Built on world-class technology and intellectual property, the company’s cloud-native solutions deliver real-time communications solutions for the cloud, network and enterprise edge.

More Than 400 Searches

Gary Megennis and Kelly Fairweather, the founders of One Degree Partners, have more than 40 years of experience leading executive searches focused exclusively on venture and growth stage companies. Combined, they have completed more than 400 searches, including over 150 chief executive officer searches and over 250 searches for vice presidents of sales, marketing, business development, product and chief financial officers.

Private Equity & Venture Capital Recruiting: Linking Talent to Growth

This latest research report from Hunt Scanlon Media examines the growing talent dilemma unfolding at private equity firms – and offers an array of solutions to win the widening war for leadership. According to Hunt Scanlon, the PE sector can expect to see an expanding bidding war for top talent over the next decade. Driving the trend: persistent global talent shortages across the C-suite in most industries and functions, including finance, healthcare and biotech, digital and technology.

Linking talent to growth is this report’s overriding theme. Hunt Scanlon has surveyed private equity leaders and their chief talent officers as well as leading executive recruiters specializing in the sector. Their expert commentary and advice is contained in this year’s report. Click here to read more!

Within the last few years, Mr. Megennis and Ms. Fairweather have helped build the executive teams for a number of companies, including: PillPack (acquired for $1 billion), Intacct (acquired for $850 million), Lattice Data (acquired for $200 million), Yext (IPO at $890 million), MuleSoft (IPO at $2.9 billion), Pure Storage (IPO at $3.4 billion), TellApart (acquired for $530 million), Applied Predictive Technologies (acquired for $600 million), TrueX (acquired for $250 million), Cellfire (acquired for $100 million), SilverSky (acquired for $250 million), CyberArk (IPO at $850 million), GrubHub Seamless (IPO at $2.5 billion), Five9 (IPO at $400 million), Responsys (acquired for $1.4B), Skyfire (acquired for $150 million), Bluefin Labs (acquired for $100 million), Vocera (IPO at $500 million), Clover (acquired for an undisclosed amount), Kosmix (acquired for $300 million), QlikTech (IPO at $1B), Playdom (acquired for $750 million), Siri (acquired for $200 million), LeftHand Networks (acquired for $350 million), Bigfix (acquired for $500 million), TicketsNow (acquired for $250 million), SideStep (acquired for $200 million), Danger (acquired for $500 million), and Shutterfly (IPO at $500 million).

Mr. Megennis has been in the executive search industry since 1992. He was a partner at Kindred Partners for nine years and Ramsey Beirne Associates for four years. Before joining Ramsey Beirne in 1997, Mr. Megennis worked for Heidrick & Struggles and Norman Broadbent.

Ms. Fairweather has been in the executive search industry for over 20 years. She joined Ramsey Beirne Associates in 1995 and co-founded Kindred Partners in 2001. Prior to that she spent several years each with Ford Motor Company’s dealer computer services division and the outplacement firm Drake Beam Morin.

Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media

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