INDIANAPOLIS (WTHR) – Salesforce announced that co-CEO Keith Block is stepping down and Marc Benioff is now Chair and CEO of the company.
Salesforce stock dropped 3 percent in extended trading following the news on Tuesday.
Block joined Salesforce as president and chairman in 2013. He was promoted to operating chief in 2016 and then became Salesforce’s co-CEO alongside Benioff in August 2018.
In a statement, Salesforce said Block will stay on as an adviser.
“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. “We are now a global enterprise company, focused on industries, and have an ecosystem that is the envy of the industry, and I’m so grateful to our employees, customers, and partners. After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. 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.”
