Vonage names veteran IBM executive as its new CFO

Vonage Holdings Corp. has named a new chief financial officer, it announced Thursday.

Stephen Lasher, who has 30 years of financial leadership experience, joins the Holmdel-based cloud communications company from IBM, where he had held a variety of leadership roles during the past 24 years. He was most recently vice president of finance for IBM Global Markets and Integrated Accounts.

“It is exciting to join an innovative company like Vonage at such a pivotal moment as the world undergoes a secular shift in how businesses communicate and operate,” he said in a prepared statement. “Vonage’s single cloud communications platform is meeting this change head-on. … I look forward to working with the team at Vonage to create continued value for customers while helping to drive the company’s next phase of growth.”

In his new role, he will report to CEO Rory Read.

“We are thrilled to welcome Steve to the Vonage team,” Read said in a statement. “With his deep knowledge of the technology and software space and a long history of financial leadership, Steve’s expertise in finance and business transformations will make a significant impact on helping Vonage execute on our strategy to drive revenue growth and profitability.”

Tim Shaughnessy, who has served as interim CFO since August, is expected to remain with the company through February to ensure a smooth transition.