- Push-out Score determined
- After less than three years in the position
- Jeff Miller taking over in the interim
- Search for a successor
(exechange) — Bridgewater, New Jersey, September 21, 2020 — Glenn Lurie, chief executive of Synchronoss, leaves. As announced by Synchronoss Technologies Inc. in a news release and in a regulatory filing published on Monday, September 21, 2020, Glenn Lurie has left his post as chief executive officer at the provider of cloud, messaging, digital and IoT products after less than three years in the role, effective September 18, 2020.
Synchronoss will undertake a search for a successor.
Glenn Lurie’s duties as CEO will be taken over in the interim by Jeffrey (Jeff) Miller, currently Chief Commercial Officer of Synchronoss Technologies Inc., as interim Chief Executive Officer.
“Allegations of personal misconduct”
Glenn Lurie’s departure from the CEO post is explained as follows. Synchronoss said that Glenn Lurie “has resigned as the Company’s President and Chief Executive Officer, and as a member of its Board of Directors, following the Board of Directors’ review of allegations of personal misconduct by Mr. Lurie in violation of the Company’s policies. His resignation is not related to the Company’s strategy, financial or business performance. Given the expectation that all employees will respect Synchronoss’ values and adhere to the Company’s code of conduct, the Board has accepted Mr. Lurie’s resignation.”
Precise information regarding Glenn Lurie’s future plans was not immediately available.
Synchronoss said: “On September 18, 2020, Glenn Lurie notified Synchronoss Technologies, Inc. (the “Company”) of his resignation as President and Chief Executive Officer of the Company and as a member of the Company’s Board of Directors. Mr. Lurie’s resignation follows the Board of Directors’ review of allegations of personal misconduct by Mr. Lurie in violation of the Company’s policies.”
Share price decline
The announcement follows a decline in Synchronoss Technologies Inc.’s share price of 64% since November 2017.
Chaired by Stephen Waldis
Stephen Waldis serves as Synchronoss Technologies Inc.’s Chairman.
In the position of CEO since 2017
Glenn Lurie became CEO of the Company in 2017.
Glenn Lurie has served as the Company’s President and Chief Executive Officer and a Director since November 2017.
Prior to joining Synchronoss, Lurie held significant leadership and operations positions at AT&T, most recently serving as President and Chief Executive Officer of AT&T’s Mobility and Consumer Operations until his retirement from AT&T in September 2017.
Prior to his promotion to President and Chief Executive Officer of AT&T’s Mobility and Consumer Operations, Lurie served in a number of senior executive roles at AT&T and led the team responsible for negotiating its exclusive U.S. agreement with Apple Inc. to launch the first iPhone in 2007.
Lurie is active in industry associations and within the community. He most recently served as chairman of the board for the Consumer Technology Industry Association in 2016.
Lurie is a member of the Board of Directors of Avis Budget Group, Inc. and serves on the APTIV PLC Advisory Council.
Lurie received a degree in business/marketing from Seattle Pacific University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Synchronoss and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 39.2020 ($).