ShoreTel confirmed this morning that Peter Blackmore, the company’s president and CEO, has informed the company of his intention to retire as soon as a successor is announced.“It has been a privilege to work with the ShoreTel team,” Blackmore said in a media announcment. "I am confident that the company is well-positioned in both the cloud and premise unified communications markets. With recent changes to our organizational and cost structure, we can now scale with a model positioned for profitability, enhancing our objective of delivering improved shareholder value.”
According to ShoreTel board member Chuck Kissner, who was recently appointed Chairman, said that during Blackmore’s tenure the company “nearly doubled its revenues, and has taken a leadership position in cloud-based business communications and consistently grown its premise-based IP business phone system share of the market.”
Blackmore will remain at his post until a successor can be found. According to ShoreTel, a search for a new CEO is currently under way.