8x8, Inc. (NASDAQ:EGHT), provider of innovative cloud communications and computing solutions, today announced the appointment of Ian Potter, an accomplished international business executive, to its Board of Directors, effective September 17, 2013. With his addition to the Board, Mr. Potter will become a member of the Compensation Committee.
Mr. Potter resides in Singapore and France and brings more than 25 years of international business development, management and operational experience to 8x8. He was most recently a Managing Director of Morgan Stanley & Co. in Singapore, having moved there in 1994 to establish the firm’s commodities trading and risk management business across Asia.
"Ian’s international business acumen, expertise in launching and growing multinational enterprises and deep knowledge of European and Asian business practices and regulatory matters will be of immense value to 8x8 as we expand upon our current success in the U.S. to meet the growing worldwide demand for our cloud-based services,” said Vik Verma, Chief Executive Officer of 8x8, Inc. “We are honored that Ian has accepted our invitation to join 8x8’s Board of Directors and look forward to his energy, wisdom and counsel through our next phase of growth.”
"I’m delighted to join the 8x8 Board of Directors at this exciting time in the Company’s evolution,” said Mr. Potter. “The cloud-based, unified communications industry is poised for significant international growth, and 8x8 is uniquely positioned to capitalize on this opportunity with its superior technology platform, established track record of domestic success, and world class management team. The recent changes at the executive level highlight the Company’s commitment to continuing leadership and growth in the sector and I look forward to the opportunities ahead for 8x8.”
Mr. Potter is currently a Distinguished Fellow with INSEAD’s Global Private Equity Initiative, a Senior Advisor at Morgan Stanley and the Managing Partner of Lion City Capital Partners. From 1994 until his retirement from Morgan Stanley in 2013, he supervised all aspects of the firm’s commodity business in Asia while serving on a number of internal and external private company boards. During this time, he opened the group’s New Delhi, Shanghai, and Tokyo offices and was responsible for developing the group's capacity across the region and expanding its product offerings. Morgan Stanley's Japanese and Chinese offices were the first of their type to be established and required significant interaction and support from local enterprises, regulators and authorities. Mr. Potter began his career in London and New York working for Chase Manhattan Bank N.A. where he contributed to the development of the bank’s interest rate and currency derivatives business. He holds an MBA from INSEAD in France and a BA from Queen’s University in Canada.