Anonymous ID: 10d2e9 Feb. 25, 2020, 9:03 p.m. No.8251635   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>1693

Salesforce co-CEO Keith Block steps down, Marc Benioff to be sole chief

 

Salesforce.com Inc (CRM.N) said on Tuesday Keith Block has stepped down as co-chief executive officer, making Marc Benioff the sole CEO of the business software company, sending its shares down nearly 3% in extended trading.

 

Block was widely seen as a potential successor to Benioff, who founded the company in 1999, and will continue as the chairman.

 

The company has spent more than $16 billion last year for acquisitions, adding muscle to its cloud products as it fends off competition from bigger rivals like Oracle Corp (ORCL.N) and German competitor SAP .

 

Salesforce forecast first-quarter revenue between $4.88 billion and $4.89 billion, compared with analystsโ€™ estimates of $4.84 billion, according to IBES data from Refinitiv.

https://www.reuters.com/article/us-salesforce-com-ceo/salesforce-co-ceo-keith-block-steps-down-marc-benioff-to-be-sole-chief-idUSKBN20J2O5