Five9 Names Chair Mike Burkland As CEO After Rowan Trollope Gets Poached; Bumps Up Q3 Guidance

Five9, Inc FIVN named Mike Burkland, long-time Chair and former CEO, as its CEO, effective November 28.
Five9 said Rowan Trollope resigned as CEO as well as from the board and accepted another role as CEO of a privately held pre-IPO company outside of the CCaaS space.
"I'm thrilled to resume the role of CEO and once again lead the amazing team at Five9 on our exciting journey ahead," stated Burkland. "When I was diagnosed with cancer in 2017, I resigned from the CEO post to focus on my health while remaining very close to the business as Chairman. Now, following successful treatments, I am pleased to report that my doctors have given me a favorable long-term prognosis."
Five9 currently expects revenue for the third quarter of 2022 to be $198 million compared to its original guidance of $192.5 - $193.5 million.
Five9 currently expects non-GAAP EPS of $0.38, compared to its original guidance of $0.31 - $0.33.
Five9 will report Q3 2022 financial results on November 7.
Price Action: FIVN shares are trading lower by 3.18% at $74.52 during the pre-market session on the last check Monday.