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. He will stay on as an adviser for a year, Salesforce said in a statement. 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 here to help him on his journey and as he begins this new journey, we are all with you, Keith, and we're all very excited for you.". San Francisco-based Vlocity was founded in 2014, with more than 1,000 employees, according to LinkedIn data. "We don't anticipate any major acquisitions in the short term," Benioff said. RBC Capital said former Salesforce co-CEO Keith Block could join Workday, Oracle or Amazon Web Services following his departure from the company. Consensus estimates from analysts polled by Refinitiv were $3.11 in earnings per share on an adjusted basis and $20.93 billion in revenue. A Division of NBCUniversal. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. "... After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. As Former Co-Chief Executive Officer at SALESFORCE.COM, INC., Keith Block made $19,310,896 in total compensation. Block joined Salesforce as president and chairman in 2013. 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 spent the early years of his career at Oracle. "I am his biggest supporter. Salesforce announced this evening that Keith Block, the company’s vice chairman and president, would become co-CEO alongside Marc Benioff, … For example, after promoting Block to co-CEO in August 2018, Benioff took two weeks to focus on Proposition C, a legislative effort to generate tax revenue to help San Francisco's homeless problem. Block joined Salesforce in 2013, was named chief operating officer in 2016 and promoted to co-CEO with Benioff in August 2018. 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). I am his close friend. Data is a real-time snapshot *Data is delayed at least 15 minutes. SAN FRANCISCO, Feb. 25, 2020 /PRNewswire/ -- 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. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. 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. Revenue was up 35% in the quarter, which ended on January 31, Salesforce said in a statement. https://techcrunch.com/2020/02/25/salesforce-co-ceo-keith-block-steps-down Source: Salesforce He was designated as Salesforce’s Vice Chairman, President and a Director when joining the company in June 2013. Salesforce Co-CEO Keith Block Steps Down — 3rd Update Provided by Dow Jones. Key Points Keith Block became co-CEO alongside Marc Benioff less than two years ago. Block will remain on as an advisor to the CEO. Salesforce announced that its co-CEO Keith Block would be stepping down, with co-founder Marc Benioff taking over as the sole CEO. After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. 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. This leaves company founder Marc Benioff as the sole CEO and chair of the CRM juggernaut. Salesforce stock dropped 3 percent in extended trading following the news on Tuesday. The company's other CEO, Marc Benioff, is staying in that role, according to Business Insider . Block, for his part, said in 2018 that the title change was more about formalizing the dynamic of the relationship the two men had developed over the years. Keith Block is the former co-CEO of Salesforce. Of this total $1,435,000 was received as a salary, $2,870,000 was received as a bonus, $6,000,000 was received in stock options, $9,000,130 was awarded as stock and $5,766 came from other types of compensation. Benioff told CNBC in a profile published in early 2019 that he elevated Block to co-CEO to enable a "divide and conquer strategy" and to give Benioff time to do the things he enjoys. Bob Iger , CEO of Disney, and Keith Block , co-CEO of Salesforce, stepped down from their roles on Feb. 25, 2020. © 2021 CNBC LLC. Co-CEO Keith Block is leaving Salesforce, where he's been since 2013. “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. Shocked with Block’s decision, his departure was confirmed by Salesforce through removing his profile in the Salesforce leadership board. Schwab Center … Also on Tuesday Salesforce announced fiscal fourth-quarter earnings that beat analysts' expectations. Keith Block is the co-CEO and the Vice Chairman of the leading company Salesforce known for his unending business ambitions. He served on its board of directors from 2013 to 2020, and served as advisor to the CEO through May of 2020. Benioff will remain as sole CEO. 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.". Salesforce's guidance includes impact from Vlocity, finance chief Mark Hawkins said on Tuesday's call. The company also announced fiscal fourth-quarter results that beat expectations, along with an acquisition. "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 … Block is remaining as Advisor to the CEO. By Sarah E. Needleman . "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. INDIANAPOLIS (WTHR) – Salesforce announced that co-CEO Keith Block is stepping down and Marc Benioff is now Chair and CEO of the company. In addition, the company said in a press release that Keith Block, co-CEO to founder Marc Benioff, is stepping down. 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. Keith Block, Salesforce Co-CEO. Salesforce today announced that Keith Block, the company's co-CEO, is stepping down. Bob Iger and Keith Block are just two of several notable CEO departures in 2020.
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