Bret Taylor exits from Salesforce, Benioff takes charge at helm

Nov. 30, 2022 4:20 PM ETSalesforce, Inc. (CRM)By: Ahmed Farhath, SA News Editor14 Comments

TIME100 Summit 2022

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  • Salesforce (NYSE:CRM) said Wednesday Bret Taylor will step down as vice chair and co-CEO, effective January 31, 2023.
  • Shares of the company -5.4% after the bell.
  • The company said Marc Benioff will become chair and CEO of the Salesforce.
  • “It’s bittersweet that Bret has decided to step down as my co-CEO. He made his mark on Salesforce as an incredible technologist, leader and friend to us all,” Benioff said.
  • Separately, the company posted Q3 Non-GAAP EPS of $1.40 which topped consensus by 18 cents, and revenue of $7.84 billion beat estimates by $10 million.

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