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☆ Slack names longtime Salesforce executive Denise Dresser as new CEO
▼ + stars: | 2023-11-13 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +3 min

Denise Dresser, a longtime Salesforce exec, will become the new CEO of Slack. AdvertisementAdvertisementSalesforce CEO Marc Benioff said Monday that Slack had named Denise Dresser as its next chief executive. Dresser, who has worked for Salesforce for 12 years, is president of accelerated industries at Salesforce. Salesforce said in August that its chief people officer, Brent Hyder, would leave to "pursue a new opportunity." To contact Ellen Thomas with insight or information about Slack or Salesforce, reach out at ethomas@insider.com or call/text (646) 847-9416 using the encrypted-messaging app Signal.

Persons: Denise Dresser, Slack, Lidiane Jones, Marc Benioff, —, She'll, who's, Dresser, Denise, Benioff, Jones, Whitney Wolfe, Stewart Butterfield, Bret Taylor, Mark Nelson, Gavin Patterson, Ebony Beckwith, Salesforce, Brent Hyder, Salesforce's, Vikram Rao, Ariel Kelman, Oracle's, Ellen Thomas Organizations: Bumble Inc, Service, Salesforce, Elliott Management Locations: Salesforce

☆ Baird downgrades Salesforce, says leadership changes and companies cutting jobs will hurt the stock
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Salesforce could struggle with new leadership in a macro environment that's more difficult to traverse, according to Baird. Analyst Rob Oliver downgraded the stock to neutral from outperform and slashed his target to $150 from $200. "We believe the combination of macro headwinds and seat-based software pressure (driven by recent workforce cuts/hiring slowdown) could pressure revenue growth near term," Oliver said in a note to clients. Salesforce also stands to gain from increased interest in cloud marketing, he said, through acquisitions of Radian6, BuddyMedia and DemandWare. Increased competition through public cloud companies are emerging vendors in more specialized offerings could also hurt the stock.

☆ 'People come and people go,' says a defiant Benioff. And we're sticking with the Salesforce CEO despite the smoke
▼ + stars: | 2022-12-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

In a CNBC interview Thursday, Jim Cramer pressed Salesforce co-founder and veteran leader Marc Benioff on the recently announced departure of his co-CEO , Bret Taylor. Taylor will step down as his co-CEO at the end of January , at which point Benioff will resume his prior role as sole chief executive. For his part, Jim said he was satisfied with Benioff's responses, while reiterating the Club's continued backing of the stock. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018.

☆ Salesforce is losing the key execs behind some of its biggest and most expensive bets at a critical moment
▼ + stars: | 2022-12-06 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Slack CEO Stewart Butterfield is also departing, along with some other product-focused execs. The departing execs championed Salesforce's product strategyThe departures of Taylor, Butterfield, and Nelson come as Salesforce's strategy comes under the microscope on Wall Street. With Slack and Tableau, Salesforce already had a lot to prove. Salesforce has already said that Lidiane Jones, an executive VP, will take over for Butterfield as Slack CEO. What it does mean, however, is that Salesforce, Slack, and Tableau are all losing the biggest champions of the integrated product strategy right as the company faces hard questions.

On Monday, the company announced the departure of Slack CEO Stewart Butterfield, who joined Salesforce last year as part of its biggest acquisition ever. Taylor, who joined Salesforce in 2016 through the acquisition of his startup Quip, said he'd "decided to return to my entrepreneurial roots." While Taylor and Butterfield are the highest-profile exits, they're far from alone among Salesforce's executive ranks. Noah Weiss, senior vice president of product at Slack, will succeed Yehoshua, Butterfield said in a Slack message. Butterfield is being succeeded by Lidiane Jones, an executive vice president at Salesforce who joined in 2019.

☆ Meet incoming Slack CEO Lidiane Jones, who will take over when co-founder Stewart Butterfield departs in January
▼ + stars: | 2022-12-05 | by ( Ellen Thomas | ) www.businessinsider.com time to read: +4 min

Lidiane Jones is taking over Stewart Butterfield's role as CEO of Slack. Slack CEO Stewart Butterfield is exiting the company in January, and Salesforce has confirmed that Lidiane Jones will be his successor. "Slack will have a new CEO: Lidiane Jones. This is good: Lidiane is amazing," Butterfield wrote in the post, which was viewed and published in full by Insider. A spokesperson for Salesforce wrote in a statement to Insider that Butterfield was "instrumental" in choosing Jones as his successor.

☆ Salesforce loses another top executive a day after Bret Taylor's departure as Tableau CEO quietly exits. Here are the top execs who left the company recently.
▼ + stars: | 2022-12-01 | by ( Ashley Stewart | Matt Lynley | ) www.businessinsider.com time to read: +2 min

Tableau CEO Mark Nelson is leaving the Salesforce-owned software company. The news came the day after Salesforce announced co-CEO Bret Taylor's resignation. Here's a list of top Salesforce execs who left the company recently. "Today marks my last day Tableau after an amazing 4 ½ years," Nelson wrote on Twitter. Here are some of the top executives who left Salesforce in the past year:Are you a Salesforce employee or do you have insight to share?

☆ Marc Benioff's 2023 to-do list after his co-CEO's shocking departure
▼ + stars: | 2022-12-01 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

Salesforce is seeing it's co-CEO Bret Taylor depart and facing slowing revenue growth. While earnings beat analyst expectations, it also revealed the slowest revenue growth in the past two years, at 14%. Figure out the future of SlackTaylor's departure also raises questions about Slack, since Taylor spearheaded the $27.7 billion acquisition in 2020. Figure out how to jump-start revenue and land big customersWhile it wasn't a huge shock given the overall economic environment, Salesforce's slowed revenue growth is worrying. Secondly, as part of its larger platform strategy, Salesforce has been going after larger customers and looking to land deals for multiple Salesforce products versus just one or two.

☆ Salesforce insiders say the performance review system set some of its top salespeople up for failure ahead of layoffs
▼ + stars: | 2022-11-11 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com time to read: +7 min

Recent Salesforce layoffs impacted salespeople, insiders say. Salesforce insiders say the company set up its own salesforce for failure ahead of layoffs by using a quota system that penalized top performers with unrealistic goals and difficult accounts. "Our sales performance process drives accountability," a Salesforce spokesperson said in a statement provided to Insider. Marc Benioff SalesforceSalespeople describe a stretch-goal quota systemInsiders say the system Salesforce used to evaluate individual sales performance often gave even top salespeople unrealistic goals. When sales momentum slowed this year, Salesforce reacted first with a hiring slowdown, as Insider reported, and now with layoffs.

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