- Push-out Score determined
- After about a year and a half in the position
- Praise and thanks for Block
- Dual Chief Executive Officer role eliminated
- Marc Benioff becomes sole Chief Executive Officer
- Block said 108 words
(exechange) — San Francisco, California, February 25, 2020 — Keith Block, co-chief executive of Salesforce, leaves. As announced by Salesforce.com Inc. in a news release and in a regulatory filing published on Tuesday, February 25, 2020, Keith Block leaves his post as co-chief executive officer at the cloud-based software company after about a year and a half in the role.
The exact date of Keith Block’s departure from his post was not explicitly specified in the announcement.
Salesforce eliminates the dual Chief Executive Officer role. Marc Benioff will be sole Chief Executive Officer.
Salesforce has already removed the name of Block as Co-Chief Executive Officer from the leadership page and lists Marc Benioff as Chair & Chief Executive Officer.
Keith Block’s move is part of a management shake-up also involving the position of President and CEO of Salesforce International.
“I am ready for my next chapter”
A reason for Keith Block’s departure from the Co-CEO post was not explicitly provided. Block said: “After a fantastic run I am ready for my next chapter.”
Precise information regarding Keith Block’s future plans was not immediately available.
“Stepped down/resigned”
Salesforce said: “Keith Block has stepped down as co-CEO of Salesforce and Marc Benioff is Chair and CEO of the company. Block is remaining as Advisor to the CEO.”
Salesforce further said: “Keith Block has resigned from his positions as the Company’s Co-Chief Executive Officer and as a director of the Company.”
Share price increase since August 2018
The announcement follows an increase in Salesforce.com Inc.’s share price of 22% since August 2018.
In the position of Co-CEO since 2018
Keith Block became Co-CEO of the Company in 2018.
Block will continue to serve the Company as Advisor to the Chief Executive Officer through February 25, 2021.
Keith Block was Co-CEO of Salesforce and has served as a Director since June 2013.
Prior to his appointment as Co-CEO in August 2018, he served as Vice Chairman, President since joining Salesforce in June 2013, and additionally served as the Company’s Chief Operating Officer from February 2016 to August 2018.
Block was employed at Oracle Corporation from 1986 to June 2012, where he held a number of positions, including Executive Vice President, North America.
Block currently serves on the World Economic Forum’s Information Technology Community as a Governor, the Board of Trustees for Carnegie-Mellon University, the President’s Advisory Council at Carnegie-Mellon University Heinz Graduate School and the Board of Trustees at the Concord Museum.
Block received both a B.S. in Information Systems and an M.S. in Management & Policy Analysis from Carnegie-Mellon University.
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 Salesforce and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 9.2020 ($).