Tuesday, January 31, 2023

Salesforce executive exits help push stock to its lowest point since March 2020

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  • Salesforce’s stock has had two if its three worst trading days of the year since Thursday.
  • Slack CEO Stewart Butterfield said on Monday he’s leaving Salesforce, just days after Bret Taylor stepped down as co-CEO.
  • Salesforce shares have dropped 47% this year and are trading at their lowest since the start of the pandemic.

Along with Butterfield, Slack is losing product chief Tamar Yehoshua and Jonathan Prince, senior vice president in charge of marketing, brand and communications, people familiar with the matter previously told CNBC. 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.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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