Benzinga | Jul 9, 2021 06:46AM EDT

Bandwidth Ropes In Ribbon Communications' Daryl Raiford As Finance Chief

* Enterprise cloud communications company Bandwidth Inc (NASDAQ:BAND) named Daryl Raiford as the new CFO beginning in August.

* A former Ribbon Communications Inc (NASDAQ:RBBN) CFO, Raiford, will join Bandwidth on July 12 as the EVP.

* Raiford will succeed Jeff Hoffman as CFO in August after filing the 10-Q for Q2 FY21.

* Bandwidth announced Hoffman's departure plans during Q1 results.

* Price action: BAND shares closed lower by 3.09% at $130.01 on Thursday.