Syniverse CEO announces retirement

Syniverse President and CEO Stephen C. Gray has announced he will retire February 2018 when his agreement expires, the company said.

This announcement is being made now, providing ample time for a global CEO search.

Gray, a Syniverse Board member since The Carlyle Group´s acquisition of Syniverse in 2011, stepped into the role of President and CEO in August 2014 as interim leader. Gray became the non-interim President and CEO in February 2015 and has led the company through a series of important actions.

The Board will now commence a search for a permanent Chief Executive Officer. Gray will remain as CEO until the completion of the search process and he is committed to ensuring a smooth transition in leadership.

Syniverse is the global transaction processor that connects approximately 1,500 mobile service providers, enterprises, ISPs and OTTs in nearly 200 countries and territories, enabling seamless mobile communications across disparate and rapidly evolving networks, devices and applications.