August 31, 2017
Syniverse CEO Announces Retirement
TAMPA, Fla. – August 31, 2017 – Syniverse President and CEO Stephen C. Gray today announced he will retire February 2018 when his agreement expires. This announcement is being made now, providing ample time for a global CEO search.
Gray, a Syniverse Board member since The Carlyle Group’s acquisition of Syniverse in 2011, stepped into the role of President and CEO in August 2014 as interim leader. Gray became the non-interim President and CEO in February 2015 and has led the company through a series of important actions.
“I have been privileged to lead Syniverse through this period, am extremely proud of our accomplishments, and have enjoyed working with this world-class team,” Gray said. “The next leader of Syniverse will be able to take advantage of the investments made in our people, infrastructure, operational efficiencies and growing positive financial trends, as well as our unique position in the ecosystem to drive Syniverse forward. We are fortunate to have a strong leadership team focused on growth that will benefit our customers, employees and owners.”
Over the past three years, Gray has led Syniverse through significant achievements including the acceleration and completion of the integration of two large acquisitions, the alignment of network and infrastructure with the trajectory of the business, and a complex data center migration that provides the foundation for the company’s Cloud Transformation initiative.
Building on the company’s differentiated position in the mobile ecosystem, these accomplishments enabled Syniverse to attract, hire and develop a group of highly talented executives that have, over the last year, driven Syniverse to transform the company’s sales and go-to-market organization, as well as to develop and pursue new growth strategies that leverage Syniverse’s assets and unique market position.
“We are grateful for Steve’s exceptional leadership through what has been a transformational period in the company’s evolution,” said James A. Attwood, Jr., Chairman of the Syniverse Board of Directors. “Steve stepped into the leadership role of Syniverse with the mission to pivot the company to growth, while realigning the cost structure and maintaining a customer-first focus. He has accomplished that mission. Syniverse’s market opportunity continues to grow, and we have a highly talented team in place to pursue it. We are excited by Syniverse's prospects in this next phase of the company's growth.”
The Board will now commence a search for a permanent Chief Executive Officer. Gray will remain as CEO until the completion of the search process and he is committed to ensuring a smooth transition in leadership.
Syniverse is the world’s most connected company—we pioneer innovations that take businesses further. Our secure, global network reaches billions of people and devices. Our engagement platform powers the customized experiences of the future. And the millions of secure transactions we drive every minute are revolutionizing how goods and services are exchanged. We have always led companies to reimagine the boundaries of possibility. Today we’re delivering on opportunities with the power to change the world.