The Software Stock Is Sinking After Five9 CEO Resign


Five9 CEO Rowan Trollope

Five9 stock dropped on Monday after the cloud software business announced the retirement of its CEO and disclosed preliminary third-quarter data.

According to a corporate news release, Five9 (ticker: FIVN) Chief Executive Officer Rowan Trollope has stepped down as CEO and from the board of directors, choosing a post as CEO of a privately owned pre-IPO company. Five9 FIVN -25.56% chairman and former CEO Mike Burkland will succeed Trollope.


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