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SALESFORCE.COM, INC.

(CRM)
  Report
Delayed Nyse  -  04:00 2022-10-05 pm EDT
156.23 USD   +0.32%
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SALESFORCE, INC. : Change in Directors or Principal Officers (form 8-K)

08/08/2022 | 04:37pm EDT

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On August 8, 2022, Salesforce, Inc. (the "Company") announced that Brian Millham, age 53, has been appointed President and Chief Operating Officer of the Company, effective August 8, 2022. In this new role, Mr. Millham will continue to oversee the Customer Success Group and Professional Services and will take on responsibility for the Global Sales organization, partnering across the business to ensure relevance, enablement, and operational excellence to support the Company's continued growth.

Mr. Millham has been with Salesforce since its inception in 1999, most recently serving as Chief Customer Success Officer and Chief Operating Officer, Global Distribution, from February 2022 to August 2022. From February 2021 to February 2022, he served as President, Customer Success Group and Chief Operating Officer, Worldwide Distribution. From August 2018 to February 2021, Mr. Millham served as President, Customer Success Group. Salesforce's Customer Success Group offers services globally to ensure customer success by accelerating adoption, engagement, and growth for customers of all sizes. From June 2017 to August 2018, Mr. Millham served as Executive Vice President, Americas Commercial, and B-to-C Sales, Global Strategy. Previously, Mr. Millham served in various leadership roles in business development, account management, and sales. Mr. Millham received his B.A. from the University of California, Berkeley.

The Company intends to enter into its standard form of indemnification agreement with Mr. Millham and its standard form of change of control and retention agreement applicable to non-CEO Section 16 officers. There are no arrangements or understandings between Mr. Millham and any other persons pursuant to which he was selected as an officer, he has no family relationships with any of the Company's directors or executive officers, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Company also announced that Gavin Patterson has transitioned from his current role as President and Chief Revenue Officer, where he oversaw significant revenue growth over the last two years, to Chief Strategy Officer of the Company, effective August 8, 2022. In his new role, Mr. Patterson will help the Company continue to innovate and deliver customer success.

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2023 30 995 M - -
Net income 2023 415 M - -
Net cash 2023 5 865 M - -
P/E ratio 2023 393x
Yield 2023 -
Capitalization 156 B 156 B -
EV / Sales 2023 4,85x
EV / Sales 2024 4,03x
Nbr of Employees 73 541
Free-Float 96,7%
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Technical analysis trends SALESFORCE.COM, INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 50
Last Close Price 156,23 $
Average target price 220,59 $
Spread / Average Target 41,2%
EPS Revisions
Managers and Directors
Marc Russell Benioff Chairman & Co-Chief Executive Officer
Bret Steven Taylor Vice Chairman & Co-Chief Executive Officer
Amy E. Weaver Co-President & Chief Financial Officer
Brian Millham Co-President & Chief Operating Officer
Srinivas Tallapragada Co-President & Chief Engineering Officer
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