Monday, Sonus Networks Inc. (SONS) appointed Guru Pai, Senior Vice President and General Manager, as Executive Vice President and Chief Operating Officer, effective immediately. In this position, Pai will have responsibility for Sonus' sales, services and product organizations and the Company's overall go-to-market strategy.
Sonus also announced today that Wayne Pastore, who has served as Vice President, Finance, Corporate Controller and Chief Accounting Officer since May 2008, has been appointed to the additional role of Interim Chief Financial Officer, effective immediately. Pastore replaces Richard Gaynor who has resigned to pursue other business opportunities.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.