Salesforce CEO Benioff shakes up top ranks - source

FILE PHOTO: A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier

(Reuters) -Salesforce Inc CEO Marc Benioff has shuffled the top management, a person familiar with the matter told Reuters on Tuesday, a move that follows after the software company reported its slowest quarterly revenue growth since 2010.

Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer.

After a previous tenure of nearly a decade at Salesforce, Milano will make a return from his recent position at software company Celonis. Kelman has previously served as CMO at Amazon Web Services and Oracle.

Kendall Collins, who will step into the role of chief of staff for Benioff, had worked as CMO at Okta and Cisco's AppDynamics.

Salesforce President and Chief Operating Officer Brian Millham would be assuming new duties such as marketing, employee success and business technology, the source said.

Salesforce did not immediately respond to a Reuters request for comment on the appointments.

News website Insider, which first reported the moves citing a memo earlier in the day, suggested that Millham's new role positions him as a top contender to succeed Benioff as his successor.

The appointments at Salesforce come amid mounting pressure from activist investors, including ValueAct, Inclusive Capital, and Starboard Value, who have been advocating for operational improvements, cost-control initiatives, and enhanced efficiencies over the past several months.

Earlier this year, Salesforce announced plans to close some offices and cut jobs by 10% after the pandemic-induced hiring left the company with a bloated workforce.

Growth at major cloud players from Microsoft Corp to Inc has come under pressure this year as businesses undertake belt-tightening measures to weather the impact of rising interest rates and a potential economic slowdown.

(Reporting by Kanjyik Ghosh and Akriti Sharma in Bengaluru; Additional reporting by Anirudh Saligrama in Bengaluru; Editing by Sherry Jacob-Phillips)

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Tech News

Scientists say they’ve used AI to decipher the language of chickens
Oracle spends more than $100 million on Ampere chips
US Supreme Court extends pause on order curbing Biden social media contacts
Arm and Instacart add to losses after lukewarm analyst reports
KKR asks Telecom Italia to extend deadline for grid bid
Intel hit with $400 million EU antitrust fine in decades-old case
I queue, I buy, I sell: New iPhone 15 being resold online soon after official launch in S’pore
Amazon to roll out ads on Prime Video in 2024
'Power, influence, notoriety': The Gen-Z hackers who struck MGM, Caesars
EU set to demand e-fuel cars have no climate impact -document

Others Also Read