ShoreTel CEO to Retire
That was fast.
“It has been a privilege to work with the ShoreTel team,” said Mr. Blackmore. “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.”
During Blackmore’s short term at ShoreTel, major accomplishments included the Agito acquisition acquired M5 (ShoreTel Sky), and launched the new ShoreTel Dock.
Last November, Blackmore was named one of CRN’s Top 100 Executives in the IT Channel for 2012 in the Innovators category.
In Jan of 2011, SHOR traded at $8.81, closed yesterday at $4.18, and peaked during his term on May 9, 2011 at $11.51.