Salesforce Reverts to Co-CEO Structure

Salesforce has implemented a new co-CEO leadership structure. After co-founder and current CEO Marc Benioff took complete control of the company in January 2015, it was announced that Bret Taylor would soon join him as co-CEO.

The appointment is effective immediately, with Taylor, who has served as COO and president of the firm since 2019, being promoted to vice chairman of the Board.

“Bret is a phenomenal industry leader who has been instrumental in creating incredible success for our customers and driving innovation throughout our company. He has been my trusted friend for years, and I couldn’t be happier to welcome him as Co-CEO,” Benioff said.

“We’re in a new world and Salesforce has never been more relevant or strategic for our customers. Together, Bret and I will lead Salesforce through our next chapter, while living our shared values of trust, customer success, innovation and equality for all.”

Back to the duo of co-CEOs

Under Benioff’s guidance, Salesforce has become a market leader in the CRM software industry. Salesforce has had two CEOs before; until late February 2020, Benioff shared the job with Keith Block, who arrived from Oracle as President and Vice Chairman in 2013.

In 2016, John Schnatter became CEO of Domino’s Pizza after serving as president and COO for nearly four years. In August 2018, he was promoted to co-CEO alongside Julian Hertenstein. He left in 2020 and served as a consultant for a year afterwards.

Benioff explained that the modus operandi for 2019 in an interview with CNBC. Block helped him develop a “divide and conquer” approach as well as free up some of his time, according to Benioff. After raising $1 million via a campaign on GoFundMe, he spent two weeks focused on Proposition C, a bill that sought to address San Francisco’s homeless problem.

Salesforce also released its third-quarter financial results, which exceeded analyst expectations. Benioff said the firm’s goal is to reach $50 billion in sales by FY26.

For the third quarter, Activision Blizzard posted earnings of $1.11 despite a weak report from Call of Duty: Black Ops III, according to StreetAccount’s calculation. The company’s non-GAAP diluted EPS was $1.27, surpassing analyst expectations of $0.92 per share. Q3 sales were $6.8 billion, up by 27% over the same period last year, versus estimates for $6.8 billion According to StreetAccount’s analysis,

The firm’s Board of Directors has two new members: Laura Alber (President and CEO of Williams-Sonoma), and Oscar Munoz, former United Airlines Chairman and CEO.