Vonage CEO Marc Lefar To Step Down — techcrunch.com

Home VoIP pioneer Vonage is looking for a new chief after its longtime CEO announced his retirement. Marc Lefar joined Vonage in 2008 and the company today announced he will step down after his replacement is found. And this replacement has a tough act to follow. Lefar has led Vonage to five consecutive years of profitability despite constant new challengers. When Vonage launched its home phone VoIP service in 2004, it faced little competition. But since Lefar joined the company, home phone use has dropped dramatically and telecom giants have launched similar VoIP home phone service. Yet Vonage has managed to stay around. Its stock price is up over 100% over 2008 levels.

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