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HomeMarketSlack CEO Stewart Butterfield Is Leaving as Shakeup at Salesforce Continues

Slack CEO Stewart Butterfield Is Leaving as Shakeup at Salesforce Continues

Salesforce bought Slack in 2021.

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Photograph by Drew Angerer/Getty Images

In the latest change of executives at the cloud-based software provider
Salesforce.
com, Slack founder and CEO Stewart Butterfield has resigned from the company, effective Jan. 31.

Butterfield will be succeeded as Slack’s CEO by Lidiane Jones, who had been executive vice president and general manager of the Salesforce Experience Cloud, Commerce Cloud, and Marketing Cloud units. Jones, who joined the company in 2019, previously had management roles at
Microsoft
and
Sonos.
Jones confirmed the move in updates to her Twitter and LinkedIn pages.

Salesforce (ticker: CRM) acquired Slack for nearly $28 billion in July 2021. Salesforce shares have fallen nearly in half since the first report linking the two companies in November 2020.

Butterfield’s departure followed last week’s announcement that Salesforce co-CEO Bret Taylor has decided to leave the company.

Salesforce confirmed Butterfield’s departure in a statement. 

“Stewart is an incredible leader who created an amazing, beloved company in Slack,” Salesforce said “He has helped lead the successful integration of Slack into Salesforce and today Slack is woven into the Salesforce Customer 360 platform. “

The company said Stewart played a critical role in choosing Jones as the next Slack CEO. It said she has a strong background in customer and enterprise tech and has been among Salesforce’s leadership group for more than three years.

Salesforce also confirmed that two other Slack executives are leaving the company: chief product officer Tamar Yehoshua, and senior vice president of marketing, brand, and communications Jonathan Price. The company said Noah Weiss, now Slack’s senior VP of product, will succeed Yehoshua as chief product officer.

Salesforce shares were down 7.6%, to $133.54 in late afternoon. Earlier in Monday’s session, the stock dropped as low as $132.89, the lowest level in more than four years.

Write to Eric J. Savitz at eric.savitz@barrons.com


Credit: marketwatch.com

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