Avaya Holdings Corp. announced certain changes to its executive team as the Company continues executing on its transformation to subscription and cloud-delivered services. Kieran McGrath will retire as Chief Financial Officer.

Becky Roof, Managing Director at global consulting firm AlixPartners, LLP, has been appointed as interim Chief Financial Officer. These changes are effective November 9, 2022, and Mr. McGrath has agreed to continue with Avaya in an advisory capacity until December 1, 2022 to ensure a smooth transition. Additionally, the Company announced that Shefali Shah, Executive Vice President and Chief Administrative Officer, will take on responsibilities in connection with strategic initiatives being implemented by Alan Masarek, the Company's President and Chief Executive Officer.

In connection with Ms. Shah's assumption of these responsibilities, Vito Carnevale, the Company's General Counsel, who oversees Avaya's legal, compliance and security functions, will report to Mr. Masarek. Ms. Roof is a certified public accountant and seasoned financial executive with over 20 years of experience at global consulting firm AlixPartners, LLP. In her role as Managing Director, she provides advisory and C-suite interim management services to publicly traded companies and has previously served in an interim CFO capacity at a number of public and private companies.

In addition, Ms. Roof currently serves on the advisory board of Texas Wall Street Women and is a member of the United Way Women's Initiative in Houston, Texas.