keith block ceo

INDIANAPOLIS (WTHR) – Salesforce announced that co-CEO Keith Block is stepping down and Marc Benioff is now Chair and CEO of the company. Industry pundits saw his elevation to the co-CEO role as a sign that Block was next in line as the company’s sole CEO in the future (assuming Benioff would ever step down). Keith Block, Salesforce Co-CEO. When Keith Block was famously hired by Salesforce.com CEO Marc Benioff after his firing from Oracle, his was seen as a fundamentally important … All Rights Reserved. Block is remaining as Advisor to the CEO. Block becomes Advisor to the CEO Salesforce (NYSE: CRM) today announced that Keith Block has stepped down as co-CEO of Salesforce and Marc Benioff is Chair and CEO of the company. Block stepped into the co-CEO role in 2018, after a long career at the company that saw him become vice chairman, president and director before he took this position. Block joined Salesforce from Oracle as president and vice chairman in 2013, he was promoted to operating chief in 2016, and he became Salesforce's co-CEO alongside Benioff in August 2018. Keith Block was co-CEO of Salesforce for about a year and a half before he stepped down Feb. 25. Salesforce's guidance includes impact from Vlocity, finance chief Mark Hawkins said on Tuesday's call. Salesforce stock initially sank 3% in extended trading on Tuesday after the company said co-CEO Keith Block is stepping down. Keith Block's surprising exit as Salesforce co-CEO caps what had been an impressive run at the tech powerhouse he helped lead against his former company, Oracle. "We don't anticipate any major acquisitions in the short term," Benioff said. Bob Iger and Keith Block are just two of several notable CEO departures in 2020. Block joined Salesforce as president and chairman in 2013. Consensus estimates from analysts polled by Refinitiv were $3.11 in earnings per share on an adjusted basis and $20.93 billion in revenue. Data is a real-time snapshot *Data is delayed at least 15 minutes. In addition, the company said in a press release that Keith Block, co-CEO to founder Marc Benioff, is stepping down. Analysts polled by Refinitiv had expected 70 cents in adjusted earnings per share and $4.84 billion in revenue. Salesforce today announced that Keith Block, the company’s co-CEO, is stepping down. Salesforce today announced that Keith Block, the company's co-CEO, is stepping down. With respect to guidance, Salesforce called for 70 cents to 71 cents in adjusted fiscal first-quarter earnings per share on $4.875 billion to $4.885 billion in revenue. Block will remain on as an advisor to the CEO. Also on Tuesday Salesforce announced fiscal fourth-quarter earnings that beat analysts' expectations. Revenue was up 35% in the quarter, which ended on January 31, Salesforce said in a statement. RBC Capital said former Salesforce co-CEO Keith Block could join Workday, Oracle or Amazon Web Services following his departure from the company. Additionally, Salesforce said it has agreed to acquired Vlocity, a provider of cloud and mobile software built atop Salesforce, for $1.33 billion. After this short tenure as co-CEO, it doesn’t look like that will be the case, but for the time being, Block will stay on as an advisor to Benioff. I am his close friend. Keith Block is the co-CEO of Salesforce, the cloud-based software company giant headquartered in San Francisco, California.Block announced his departure from the company after almost 7 years of service. https://observer.com/2020/02/salesforce-marc-benioff-oust-co-ceo-keith-block "It's been my greatest honor to lead the team with Marc that has more than quadrupled Salesforce from $4 billion of revenue when I joined in 2013 to over $17 billion last year," Block was quoted as saying in the statement. Keith G Block is Former Co-Chief Executive Officer at Salesforce.com. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The company has given him a warm public goodbye, allowing him to say farewell to … Source: Salesforce He was designated as Salesforce’s Vice Chairman, President and a Director when joining the company in June 2013. A Division of NBCUniversal. See Keith G Block's compensation, career history, education, & memberships. In related news, the company also today announced that it has named former BT Group CEO Gavin Patterson as its president and CEO of Salesforce International. Block joined Salesforce in … Co-CEO Keith Block is stepping down, Salesforce said, leaving Marc Benioff to serve as chair and CEO of the company. Keith Block, Salesforce co-CEO, a 1984 alumnus of Carnegie Mellon with a bachelor's degree in information systems and a master's degree in management and policy analysis and trustee, will deliver the keynote address of the celebration, on Friday, Oct. 26. Salesforce Q4 earnings: $0.66 EPS vs. $0.56 estimated; Block steps down, Salesforce's Marc Benioff talks Q4 earnings, Keith Block's departure, formalizing the dynamic of the relationship. "I am his biggest supporter. Keith Block talks life at Salesforce and being a Boston sports fan in San Francisco, Salesforce promotes COO Keith Block to co-CEO alongside founder Marc Benioff. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. Bob Iger , CEO of Disney, and Keith Block , co-CEO of Salesforce, stepped down from their roles on Feb. 25, 2020. Benioff will remain as sole CEO. Co-CEO Keith Block is leaving Salesforce, where he's been since 2013. He will stay on as an adviser for a year, Salesforce said in a statement. Feb 26, 2020 12:29 PM UTC. "... After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. The company also announced fiscal fourth-quarter results that beat expectations. “It’s been my greatest honor to lead the team with Marc [Benioff] that has more than quadrupled Salesforce from $4 billion of revenue when I joined in 2013 to over $17 billion last year,” said Block in a canned statement that was surely not written by the Salesforce PR team. The company also announced fiscal fourth-quarter results that beat expectations, along with an acquisition. Block joined Salesforce in 2013, was named chief operating officer in 2016 and promoted to co-CEO with Benioff in August 2018. Sign up for free newsletters and get more CNBC delivered to your inbox. Salesforce Co-CEO Keith Block Steps Down — 3rd Update Provided by Dow Jones. Block’s bio has already been wiped from Salesforce’s leadership page. Block spent the early years of his career at Oracle. "Our time together has been amazing," Benioff said on a conference call with analysts on Tuesday. He was promoted to operating chief in 2016 and then became Salesforce’s co-CEO alongside Benioff in August 2018. Key Points Keith Block became co-CEO alongside Marc Benioff less than two years ago. (Reuters) - 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 … He served on its board of directors from 2013 to 2020, and served as advisor to the CEO through May of 2020. He made his successful career setup since joining Salesforce since 2013. The graduate of Carnegie Mellon University, Keith is also the former Executive Vice President of North America Sales and Consulting at Oracle. He left there in 2012 after the release of a number of documents in which he criticized then-Oracle CEO Mark Hurd, who passed away last year. For the full 2021 fiscal year Salesforce sees $3.16 to $3.18 in adjusted earnings per share on $21.0 billion to $21.1 billion in revenue. Salesforce stock dropped 3 percent in extended trading following the news on Tuesday. Being side-by-side with Marc has been amazing and I'm forever grateful for our friendship and proud of the trajectory the company is on.".

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