Crexendo Inc. has announced that Jeffrey (Jeff) G. Korn has been appointed as chief executive officer, effective immediately. In keeping with the company's long-term management transition plan, previous CEO Steven (Steve) G. Mihaylo has retired from his position and will retain his seat on the board as executive chairman.

Korn has spent more than 20 years at Crexendo and is the company's longest-standing employee. He was instrumental in guiding Crexendo's successful transformation into a leading provider in the telecommunications industry and has served as the company's general counsel, executive vice president and chief legal officer throughout his tenure. Prior to joining Crexendo, Korn served as chief legal officer and a member of the board of directors of Prosoft Training (formerly a Nasdaq company). Before that, he was a partner in a commercial litigation and business services law firm headquartered in Jacksonville, Florida. Korn has also served on the boards of several other public companies and currently holds positions on numerous private boards.

"I appreciate Steve, the board and the management team for their confidence in me and their continued support as I take on this expanded role," Korn said. "Without Steve, there would be no Crexendo and perhaps a very different UCaaS industry. Steve has been an exceptional leader over these many years, and we're fortunate that we'll continue to benefit from his insight and involvement as executive chairman. I look forward to taking over the reins at such a pivotal time in our growth trajectory. Crexendo has a very talented team, a strong product portfolio and a clear vision for the future. We will continue to build on this foundation and drive the company toward sustained revenue growth and profitability in the year ahead."

"As I enter this new chapter, I'd like to extend my gratitude to all the employees at Crexendo," said Steve Mihaylo, executive chairman, Crexendo. "Their hard work and dedication are what has made this job so fulfilling to me. The team has been incredibly supportive throughout my tenure and I know they will do the same for Jeff. This transition has been carefully planned for some time and the company will remain in good hands with Jeff as its new CEO.

"Jeff brings a unique and relevant skill set which will be instrumental to us as we enter our next stage of growth," Mihaylo continued. "His strong legal background and deep understanding of regulatory issues have continually proven invaluable in navigating the complex business environment in which Crexendo operates. He has also worked closely with Doug, Ron and the rest of the management team for decades, all of whom share my enthusiasm for his appointment. Put together, the experience of the management team is dynamic and well-rounded. Going forward, I believe we have the right personnel, solutions and strategy to reach our long-term growth and profitability goals.

"In connection with the transition, I have no intention and will not be required to sell my shares for estate planning or tax reasons and intend to eventually transfer ownership to my foundation," Mihaylo added. "Jeff and Doug Gaylor are both board members of the foundation, and I am confident they will provide continued, strong leadership to the foundation and to Crexendo."