HOLMDEL, N.J., April 26, 2013 /PRNewswire/ -- Vonage Holdings Corp. (NYSE: VG), a leading provider of communication services connecting people through cloud-connected devices worldwide, today announced the appointment of David T. Pearson as Chief Financial Officer and Treasurer, effective May 1, 2013.
Mr. Pearson joins Vonage from Deutsche Bank, where he spent more than nine years as a Managing Director and was Global Media & Telecom Group Head, building one of the top U.S. and global media and telecommunications investment banking teams. Mr. Pearson managed a large and diverse team of professionals and was responsible for all aspects of the group, including strategic planning, capital allocation, personnel, risk management and compliance, in addition to advising clients on mergers and acquisitions and capital raising.
Mr. Pearson brings more than 18 years of executive leadership experience and more than 21 years of relevant industry experience. Prior to joining Deutsche Bank, he worked at Goldman, Sachs & Co. for nine years, leaving as a Managing Director in the firm's Technology, Media & Telecommunications (TMT) practice. While at Goldman, he focused on advising major telecommunications and wireless providers and also advised on cable, broadcasting and technology transactions. During his banking career, Mr. Pearson advised on more than 30 completed M&A transactions and raised more than $50 billion of equity and debt capital for global TMT clients. Mr. Pearson started his career as a consultant at Coopers & Lybrand, where he worked on strategy, business process re-engineering and emerging market privatization projects, all within the global telecommunications industry.
Vonage Chief Executive Officer Marc Lefar commented, "We are thrilled to have Dave join the Vonage team. He brings deep knowledge and experience in the telecommunications and wireless industry, along with financial and management expertise that will be invaluable in driving the planning and execution of our financial strategy and corporate development efforts. Dave will also play an instrumental role in executing our strategic growth initiatives in our core business, international expansion and mobile services.""I am delighted to join Vonage and a talented senior leadership team," Mr. Pearson said. "I have admired the company's business and financial turnaround over the last several years, and I am excited about Vonage's future and the opportunity to help shape its strategic direction and contribute to its ongoing success."