Troubled VoIP wholesaler deltathree Inc. continued its management shakeup this week with the appointment of a new CFO, and head of sales and marketing.
So far this year, the Israel-based carrier has been delisted from the Nasdaq and replaced its CEO as it struggles to compete on a pure-play business model.
On Thursday, deltathree said it has promoted Richard Grant to CFO and treasurer; he had served as senior vice president of finance and treasurer since Jan. 2006. Before deltathree, Grant co-founded and helped run Tel2Net Inc., a technology infrastructure services company. He used to head a business restructuring consultancy as well.
Dan Antebi also has joined the company as senior vice president of sales and marketing. He comes from a consultant firm that worked with European telecom companies. Prior to that, Antebi was senior director and regional manager for Comverse Ltd., the same company where deltathree’s new CEO, Dror Gonen, worked.
deltathree earlier this month reported lower first-quarter sales and $2.8 million in losses. It blamed tougher resale and direct-to-consumer competition, along with tighter regulatory constraints in some foreign markets. The provider’s stocks hovered at 19 cents Thursday morning on the Over The Counter Bulletin Board, 8 cents away from the 52-week low of 11 cents.