- Push-out Score determined
- After about a year in the position
- Accolades, praise, thanks and good wishes for Goldsmith
- Responsibilities redistributed
- Search for a successor
- Goldsmith kept it short and said 45 words
(exechange) — Salt Lake City, Utah, February 18, 2020 — This news came the day after Presidents Day. Dan Goldsmith, chief executive of Instructure, leaves. As announced by Instructure Inc. in a news release and in a regulatory filing published on Tuesday, February 18, 2020, Daniel T. (Dan) Goldsmith leaves his post as chief executive officer at the educational technology company after about a year in the role, effective March 6, 2020.
Instructure will undertake a search for a successor.
Following Dan Goldsmith’s departure, the position of Chief Executive Officer will not be filled for the time being. Dan Goldsmith’s responsibilities are being redistributed.
No reason given
In the announcement, Instructure did not explicitly explain the reason for Dan Goldsmith’s move.
Precise information regarding Dan Goldsmith’s future plans was not immediately available.
“Step down”
Instructure said: “Dan Goldsmith has informed the Board of Directors of his intent to step down as CEO and as a member of the Board of Directors. Goldsmith will remain with the Company until March 6 to help with the transition.”
Instructure further said: “On February 13, 2020, Daniel T. Goldsmith, Chief Executive Officer of Instructure, Inc., a Delaware corporation (the “Company”), informed the Board of Directors of the Company (the “Board of Directors”) of his intent to step down as Chief Executive Officer and as a member of the Board of Directors. Mr. Goldsmith will remain with the Company until March 6, 2020 to ensure an orderly transition, and the Company’s executive team will form an Office of the CEO in the interim until a successor can be named.”
Share price increase since January 2019
The announcement follows an increase in Instructure Inc.’s share price of 22% since January 2019.
Chaired by Josh Coates
Instructure Inc. is chaired by Josh Coates.
Josh Coates has served as Executive Chairman of the Board since January 2019. Prior to that, he served as Instructure’s Chief Executive Officer beginning in October 2010 and as a member of the Company’s board of directors since January 2010.
In the position of CEO since 2019
Dan Goldsmith became CEO of the Company in 2019.
Daniel T. Goldsmith has served as the Company’s Chief Executive Officer since January 2019 and as a member of the Company’s board of directors since October 2018.
From June 2018 to December 2018, Goldsmith served as the Company’s President.
From March 2016 to June 2018, Goldsmith served as Executive Vice President of Global Accounts of Veeva Systems Inc., a cloud provider for life sciences.
From January 2014 to March 2016, Goldsmith served as Chief Strategy Officer of Veeva, and from April 2010 to January 2014, he served as General Manager, Europe and Emerging Markets at Veeva.
Prior to his time at Veeva, Goldsmith held leadership positions at Accenture, PricewaterhouseCoopers and IBM.
Goldsmith holds a B.S. degree in mechanical engineering from the University of Rochester.
At the time of Dan Goldsmith’s appointment as Chief Executive Officer at Instructure, Coates stated: “I’m confident in Dan’s proven ability to build on our strong momentum, lead our great culture, and deliver amazing customer experiences.”
At the time of his appointment as Chief Executive Officer at Instructure, Dan Goldsmith stated: “Josh and the team have built an amazingly innovative company over the last 10 years, disrupting the way technology offerings serve both education and corporate markets, and I am honored to serve as the new CEO. Instructure has an amazing culture centered around openness, customer satisfaction, and innovation and I’m humbled to be a part of it. We have a clear path forward and I’m inspired as I work with this incredible team.”
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Instructure and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 8.2020 ($).