Avaya Holdings Corp. announced that on October 12, 2022, it was determined that Stephen Spears would step down from his role Executive Vice President, Chief Revenue Officer, effective as of October 18, 2022. Mr. Spears will remain an employee of the Company until November 1, 2022 to support the transition of his responsibilities to Alan Masarek, the Company's President and Chief Executive Officer, until Mr. Spears' successor is hired.

Mr. Spears will be eligible to receive benefits under the Avaya Inc. Involuntary Separation Plan for Senior Executives, which is described in the Company's Proxy Statement filed with the Securities and Exchange Commission on January 18, 2022.