8x8 Announces CFO Transition Plan

PhoneDog LLC
Posted on Wednesday, June 07, 2006
by PhoneDog LLC,
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SANTA CLARA, Calif., June 7 /PRNewswire-FirstCall/ -- 8x8, Inc. (NASDAQ: EGHT), provider of Packet8 broadband voice over internet protocol (VoIP) and videophone communications services, today announced that James Sullivan submitted his resignation, effective June 30, 2006, from his role as the Company's chief financial officer (CFO) to pursue another career opportunity. There are no disagreements between the Company and Mr. Sullivan. 8x8 has initiated a search for a new CFO and is working with Mr. Sullivan on an orderly transition process.

Mr. Sullivan commented, "I have truly enjoyed working at 8x8 and will continue to be a strong advocate of the Company and its services. While this decision was difficult, I believe the change offers a personal opportunity to further my career and expand my expertise."

"Jim has made significant contributions to our corporate transformation since he joined the Company more than five years ago," commented Bryan R. Martin, 8x8's Chairman & CEO. "Jim has helped to grow our Packet8 communication services, enhanced our liquidity position and built a strong finance team in order to maintain the necessary internal business controls and implement the numerous regulatory controls mandated by the SEC. I thank Jim for his contributions and wish him success in his future endeavors," concluded Mr. Martin.

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