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By Jay Greene The Wall Street Journal Wed., Aug. 8, 2018 Salesforce.com Inc. promoted President and Chief Operating Officer Keith Block to co-chief executive, giving him shared leadership of the business-software company with its co-founder and chairman, Marc Benioff. Mr. Block, a former Oracle Corp. executive who joined Salesforce in 2013 as vice chairman and president, now will report directly to Salesforce’s board of directors. Mr. Benioff, who will go from being sole CEO to co-CEO, will continue leading the company’s “vision and innovation in areas including technology, marketing, stakeholder engagement and culture,” while Mr. Block will run the company’s “growth strategy, execution and operations,” Salesforce said. Mr. Block, who added the COO title in 2016, has largely focused on the San Francisco-based company’s operations. He said his promotion isn’t an indication that Mr. Benioff intends to step away from … [Read more...] about Salesforce promotes Keith Block to co-CEO
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Salesforce just promoted its top salesman to the title of co-CEO
caption Salesforce co-CEO Keith Block source Salesforce Salesforce COO Keith Block has been promoted to co-CEO, serving in the role alongside founder Marc Benioff. Otherwise, not much else seems to be changing: Benioff remains chairman of the board, and Block will keep his own board seat. Salesforce co-founder Parker Harris will be joining the board, too. Notably, Oracle – Salesforce’s biggest rival – has two CEOs, too. Since its founding in 1999, Salesforce has only had one chief executive: Marc Benioff, the bombastic ex-protege of Oracle’s Larry Ellison, who led the cloud software company to its present market valuation of $105 billion. Now, there will be two, as the company announces that Keith Block, formerly the chief operating officer, has been promoted to co-CEO of Salesforce. That puts him on an even keel to Benioff, as Block will now report straight to Salesforce’s board of directors. “This announcement … [Read more...] about Salesforce just promoted its top salesman to the title of co-CEO
Caught short by Salesforce, SAP targets ‘front office’ market
LONDON/BERLIN: SAP is unveiling its biggest product makeover in years by rolling up its sales, marketing and customer service software into a suite of tools linked to its business planning system, as it tries to catch up with faster-growing rivals like Salesforce.SAP, the world leader in "back-office" financial control systems, on Tuesday is making its long-anticipated move to bring together all its "front office" software - combining a dozen separate customer-facing products and recent acquisitions - into a single integrated offering it will call C/4HANA.Toward that end, Europe's biggest software firm said it had acquired CoreSystems, a Swiss firm specialising in customer service software, on undisclosed terms. It's the latest in a string of related deals including Callidus, Hybris, and Gigya.So-called Customer Relationship Management (CRM) tools have surged to become the biggest category of business software, Gartner research shows. As such, CRM has become a market too big for SAP to … [Read more...] about Caught short by Salesforce, SAP targets ‘front office’ market
Confirmed: Salesforce is buying a company called MuleSoft for $6.5 billion
caption Salesforce CEO Marc Benioff source Justin Sullivan/Getty Images) Salesforce late Tuesday confirmed the reports that it is buying MuleSoft in a deal valued at $6.5 billion. Shares of MuleSoft were briefly halted on Tuesday after news reports that the company is in advanced talks to sell itself to Salesforce. Salesforce is buying a company called MuleSoft in a deal valued at about $6.5 billion. Shares of MuleSoft, were briefly halted on Tuesday after Reuters reported that the company was in advanced talks to sell itself to Salesforce. By the end of the day, Salesforce announced the deal. When word first leaked the deal was in process, investors drove MuleSoft’s shares up 20% before trading was stopped. At the time of writing, after trading resumed MuleSoft is up about 21%, giving it a market cap of $5.21 billion. Salesforce will buy MuleSoft for $36 cash per share and 0.0711 shares of Salesforce common … [Read more...] about Confirmed: Salesforce is buying a company called MuleSoft for $6.5 billion
How 2 powerful women beat gender pay gaps to become the president of Salesforce and the CEO of Deloitte Consulting
In January, Business Insider’s US editor-in-chief, Alyson Shontell, hosted a discussion with two top executives at the World Economic Forum in Davos, Switzerland. Cindy Robbins, the president and chief people officer at Salesforce, helped spearhead the program known as Women’s Surge at the company. Janet Foutty, the chairman and CEO of Deloitte Consulting, has risen to the top and seen firsthand the challenges women face on the way. Cindy Robbins started at Salesforce 12 years ago, and worked her way up the ranks before getting a life-changing phone call from CEO Marc Benioff. “He said, ‘Now you’re gonna report to me,'” Robbins told Business Insider’s US editor-in-chief, Alyson Shontell. “Definitely that became a kind of ‘oh my’ moment.” Shontell spoke with Robbins and Janet Foutty, the chairman and CEO of Deloitte Consulting, in January at the World … [Read more...] about How 2 powerful women beat gender pay gaps to become the president of Salesforce and the CEO of Deloitte Consulting