Salesforce announced, as part of its ongoing board refreshment process, the following appointments to the Company's Board of Directors, effective March 1, 2023: Arnold Donald, former President and Chief Executive Officer of Carnival Corporation & plc; Sachin Mehra, Chief Financial Officer of Mastercard; and Mason Morfit, Chief Executive Officer and Chief Investment Officer of ValueAct Capital. In addition, Sanford Robertson and Alan Hassenfeld have notified the Company that they do not intend to stand for re-election at Salesforce's 2023 Annual Meeting of Stockholders. Arnold W. Donald is a recognized leader who brings extensive experience in strategic planning, operations and distribution at large, global businesses to the Salesforce Board, along with corporate governance and risk management experience.

Mr. Donald has had a distinguished business career spanning nearly four decades, and he has held senior leadership positions across several industries. Mr. Donald most recently served as President and CEO of Carnival Corporation & plc from 2013 to 2022, before transitioning to the role of Vice-Chair of the Carnival Corporation & plc Board of Directors through November 2022. As CEO, he oversaw the successful return of Carnival's fleet into service following the COVID-19 pandemic and led the company to record results pre-pandemic, including achieving the company's higher profits in its history.

He also helped reshape the company's fleet profile with more efficient and environmentally advanced ships. Mr. Donald was appointed CEO after serving on the Carnival Corporation Board since 2001 and the Carnival plc Board since 2003. Earlier in his career, he served in a variety of senior leadership positions in several industries, including CEO positions at The Executive Leadership Council, The Juvenile Diabetes Research Foundation International, and global manufacturer Merisant Company, as well as more than 23 years in several senior leadership positions at Monsanto, culminating in his position as Senior Vice-President and President of its Nutrition and Consumer sector.

Mr. Donald is Chair of the World Travel and Tourism Council, and has extensive public company director experience, including currently serving on the board of the Bank of America Corporation. He has previously served on the boards of Crown Holdings, Inc., Laclede Group (now Spire Global, Inc.), Oil-Dri Corporation of America, ScottsMiracle-Gro Company, Russell Corp, LLC, Belden Inc., and Strategic Distribution, Inc., among others. Sachin Mehra is a prominent business executive who has risen through the ranks and held several leadership roles, including more than 12 years at Mastercard.

He brings deep technology, financial and operational expertise at a large customer-centric public company to the Salesforce Board, along with global career experience in locations such as New York, Belgium, Singapore and China. Mr. Mehra currently serves as the Chief Financial Officer of Mastercard, a position he has held since April 2019. In his role and as part of the Company's management committee, Mr. Mehra is responsible for corporate controller, tax, internal audit, investor relations, strategy, mergers and acquisitions, financial planning and analysis, treasury, risk management, global supply chain, business unit finance and regional finance activities.

Prior to his tenure at Mastercard, Mr. Mehra spent three years at Hess Corporation where he left as Vice President and Treasurer. Before that, he was General Director, New York Treasurers Office at General Motors. Mr. Mehra earned a B.Com from the University of Mumbai, and an M.B.A. from the University of Virginia, Darden School of Business.

Mason Morfit is a Partner, the Chief Executive Officer and Chief Investment Officer of ValueAct Capital, a San Francisco-based investment firm with more than $12 billion in assets under management. Mr. Morfit has experience serving on boards since 2005, and is a former director of Microsoft Corporation, Advanced Medical Optics, Inc., C.R. Bard, Inc., Immucor, Inc., MSD Performance, Inc., Solexa, Inc. and Valeant Pharmaceuticals International. Before joining ValueAct Capital in January 2001, Mr. Morfit worked in equity research for Credit Suisse First Boston where he focused on the managed care industry.

He has also lectured on issues of corporate governance and executive compensation at Stanford Law School's Director's College, the Graduate School of Business at Stanford University, and the Haas School of Business at the University of California, Berkeley. Mr. Morfit is a member of the Advisory Council for Princeton University's Woodrow Wilson School of Public and International Affairs and serves on the Board of Directors of the Tipping Point Community. Mr. Morfit earned a B.A. in Political Economy from Princeton University.