On January 31, 2023, Bret Taylor to step down as co-director of Salesforceleaving Marc Benioff once again alone at the head of the company he co-founded in 1999.
Bret Taylor leaves Salesforce
Bret Taylor joined the company in 2016. The man played a key role in Salesforce acquiring Slack for $27.1 billion, lhe largest transaction ever by the company. He was promoted two years ago to president and chief operating officer. Marc Benioff, co-founder of Salesforce described Taylor as “ a phenomenal industry leader who has helped create incredible success for our customers and spurred innovation across our company “.
Marc Benioff specifies that if Taylor decided to leave Salesforce, it was to found a new company. He explains that ” we have to let him go, let him go, and I understand, but I don’t like it. And Bret, you know you’ll always be our brother. We love you deeply, you have a home here, we’ll try to get you back somehow “. His departure is A suprise given how quickly he rose through the ranks and earned the trust of Benioff and the board.
Just two months ago, Benioff and Taylor were talking together on stage at the company’s Dreamforce conference in San Francisco. Marc Benioff appreciates having a co-director. Before Taylor, there was Keith Block, a former Oracle executive, who also left his position as co-director after only 18 months. Benioff told CNBC soon after Block became co-manager that he liked the idea of having someone share the managerial position in order to have a ” divide and conquer strategy and to be able to dedicate time to investing, philanthropy and mentorship.
Admittedly, it’s been an eventful year for Taylor. It was chairman of Twitter before the company’s takeover of social media by Elon Musk and played a central role in the chaotic negotiations with Musk. Bret Taylor publicly announced in July that Twitter would take legal action to enforce the contract. He eventually left Twitter’s board after Elon Musk took over Twitter. A month later, he announced his departure from Salesforce.
In a press release, he explains that he is ” grateful to have spent six fantastic years at Salesforce. Marc was my mentor long before joining Salesforce, and the opportunity to partner with him to lead the world’s largest software company is career-changing. After careful consideration, I decided to return to my entrepreneurial roots “.
No relation to the company’s results because they are pretty good. Salesforce announces a turnover higher than analysts’ expectations. During the third quarter of 2022, Salesforce revenue reached $7.84 billion, compared to an expected revenue of $7.82 billion. Salesforce said it expects revenue of between 7.9 and 8.03 billion dollars for the fourth quarter. Salesforce’s total revenue grew 14% year-over-year.