Troubled telco and broadband provider Vonage has lost its chief executive. Michael Snyder has quit as CEO and resigned from the board of directors.

Vonage chairman Jeffrey Citron is stepping in as interim chief exec while the company looks for a replacement.

The company also announced prelimary results for the quarter ended March 31, 2007. The firm made revenues of $195m and added 166,000 net line subscribers. Average monthly churn was 2.4 per cent.

Vonage also announced cost cutting measures - it is cutting $110m from its marketing budget and another $30m from its general and admin budget.

The company's release is available for download here. ®

Related stories

• Vonage shuts door on Verizon suit (almost) (26 October 2007)

  https://www.theregister.com/2007/10/26/vonage_settles_verizon/

• Vonage pays Sprint $80m to square patent dispute (9 October 2007)

  https://www.theregister.com/2007/10/09/vonage_sprint_settlement/

• Vonage attacked by defunct rival (23 August 2007)

  https://www.theregister.com/2007/08/23/vonage_attacked_by_defunct_rival/

• Vonage denied retrial in patent case (4 May 2007)

  https://www.theregister.com/2007/05/04/vonage_denied_retrial/

• Vonage gets injunction stay made permanent (25 April 2007)

  https://www.theregister.com/2007/04/25/vonage_stays/

• Vonage admits it can't avoid Verizon patents (16 April 2007)

  https://www.theregister.com/2007/04/16/vonage_and_verizon/

• Court bars Vonage from signing up new customers (6 April 2007)

  https://www.theregister.com/2007/04/06/vonage_new_customers_ban/

• Verizon wins injunction against Vonage over patent battle (26 March 2007)

  https://www.theregister.com/2007/03/26/verizon_vonage_patent_injunction/

• Vonage ordered to pay $58m in Verizon patent flap (8 March 2007)

  https://www.theregister.com/2007/03/08/verizon_vonage_patent_order/

• Vonage: patent smackdown won't bring shutters down (26 February 2007)

  https://www.theregister.com/2007/02/26/vonage_defends_against_verizon/

• Vonage swaps local for long distance charges (22 January 2007)

  https://www.theregister.com/2007/01/22/vonage_v-access/