SPOTLIGHT: deltathree changes CEOs

Troubled and cash-strapped deltathree has changed executive leaders. Dror Gonen has resigned from the roles of CEO, president, and director and appointed Effi Baruch as interim CEO and President.

Gonen is sticking around for 45 days to "assist in the transition process" and is said to be stepping down for personal reasons. Or he just might have decided to split before the company goes through more painful times. The company has already gone through one "restructuring" and had to renegotiate its lease in NYC to free up $750,000 in cash to keep the company running. Total revenues have continued to decline from year to year and quarter to quarter, while the company continues to support "tens of thousands" of active users.

Baruch and deltathree's board say they are still working on a range of potential financing activities to keep the company going, as well as "transaction options" (selling the company).

At least Baruch should know deltathree inside and out. He started with the company in 1998 as an engineer in the NOC and then moved up to specialize in data network management and security in the WAN department. Over the past four years, he has headed the deltathree VoIP data and security departments, managed the overall responsibility of the deltathree worldwide network, and has held the title of Senior Vice President of Operations and Technology of deltathree since January 2007. He's also hanging onto the SVP position while he serves as interim CEO and president.

For more:
- deltathree talks about its leadership change. Release [1].