Digerati Technologies Announces Interim CEO During CEO’s Medical Leave

Digerati Technologies, a leading provider of cloud services specializing in UCaaS solutions for the SMB market, has announced that CEO Arthur L. Smith will be taking a temporary medical leave of absence following a recent surgery. Effective immediately, Craig K. Clement, the company’s Executive Chairman, will serve as the interim CEO during Smith’s absence.

Clement expressed full confidence in the company’s ability to continue executing its strategic initiatives, which were announced last month. He highlighted the strength of the executive leadership team, including President Derek Gietzen and Chief Financial Officer Antonio Estrada, stating that Digerati is in the hands of two of the best and brightest operating executives in the business.

With over 35 years of executive and board of director experience in the technology and oil and gas exploration and production sectors, Clement brings a wealth of knowledge to his role as interim CEO. He has been a member of Digerati’s Board since 2014 and has served as Executive Chairman since 2015. Clement played a key role in the growth of a San Antonio-based telecom provider, helping it achieve a public market valuation of $615 million.

Digerati Technologies, through its operating subsidiary Verve Cloud, Inc., offers a range of cloud-based communication and network solutions for small businesses. These include cloud PBX, cloud telephony, cloud WAN, cloud call center, cloud mobile, and the delivery of digital oxygen on its broadband network. The company has also developed a robust integration platform to facilitate mergers and acquisitions in the fragmented market it serves.

While Smith takes the necessary time to recover, Digerati remains committed to delivering reliable and cost-effective communication solutions to its customers. The company’s focus on innovation and its strong leadership team ensure that it will continue to thrive in the market.

Please note that forward-looking statements have been included in this news release. While the company believes in the expectations reflected in these statements, there are inherent risks and uncertainties that could cause actual results to differ. Factors such as the inability to source suitable acquisition targets, failure to execute growth strategies, and general economic conditions could impact the company’s future financial performance.

About Digerati Technologies, Inc.
Digerati Technologies, Inc. is a leading provider of cloud services specializing in UCaaS solutions for the business market. Through its subsidiary Verve Cloud, Inc., the company offers flexible and cost-effective communication and network solutions to small businesses worldwide. With a focus on innovation and a robust integration platform, Digerati is well-positioned to meet the evolving needs of its customers.

In conclusion, Digerati Technologies is confident in its ability to continue serving its customers effectively during CEO Arthur L. Smith’s temporary medical leave. With Craig K. Clement stepping in as interim CEO and the strong executive leadership team in place, the company remains committed to delivering reliable and innovative cloud services to the SMB market.