Vonage CEO resigns, cost-cutting moves planned

Opinion

Apr 12, 20071 min

Vonage CEO Michael Snyder resigned, the company said Thursday, at the same time announcing moves to cut costs.

Snyder resigned, and also quit the company’s board of directors, Wednesday. Chairman and Chief Strategist Jeffrey A. Citron will fill in as CEO until a replacement is found.

The company announced plans to cut its costs by $140 million, including $110 million in marketing unnecessary expenses, in order to become more competitive.

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by Network World Staff

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Vonage CEO resigns, cost-cutting moves planned

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