SAN FRANCISCO, Dec. 6, 2018 /PRNewswire/ -- On the back of
the positive third quarter FY19 earnings announced today, DocuSign
(NASDAQ:DOCU) continues to bolster its board of directors and
cement the company's executive leadership structure to position
itself for the next phase of growth and innovation.
DocuSign offers the world's #1 e-signature solution as part of
its broader System of Agreement Platform to address a potential
$50bn market. These offerings are
riding—and in many respects driving—multiple waves of
transformation in business, from paper agreements to e-signature to
modern Systems of Agreement. And they are enabling business to get
done faster, simpler, greener, and more cost-efficiently than ever
before.
"When I joined DocuSign almost two years ago, I saw the
incredible potential for the company to help organizations connect
and automate how they prepare, sign, act on, and manage agreements
around the world—and in turn, to accelerate the process of doing
business and simplify people's lives," said Dan Springer, CEO of DocuSign. "Over time, we
have refined and evolved the organization to support that goal, and
I'm more confident than ever that we have the right executive
structure to propel us forward for years to come."
Against that backdrop, current board member and renowned
technology industry leader Maggie
Wilderotter will assume the role of board chair as of
January 1, 2019. The company also
appointed Cynthia Gaylor, Senior
Vice President and Chief Financial Officer of Pivotal Software,
Inc. (NYSE:PVTL), as a new board director. As a result, the board
will now include four world-class female executives.
Current Chief Strategy and Marketing Officer, Scott Olrich, will expand his role to become the
company's Chief Operating Officer. Loren
Alhadeff, the current SVP of North American sales and
ten-year DocuSign veteran, will take on the newly created role of
Chief Revenue Officer on February 1,
2019.
"With Maggie now assuming the role of board chair and Cynthia
joining the board and audit committee, we have assembled a
seasoned, world-class and diverse public board with experience
across blue-chip corporate, technology and SaaS companies," added
Springer. "And then the changes we've made with Scott and Loren
create an agile organization that's hyper-focused on innovation, a
strong go-to-market motion, and customer success."
Wilderotter currently serves on the boards of Costco, HP
Enterprise, Cadence Design Systems, Lyft and other private and
non-profit organizations, and is also a senior advisor to the
Blackstone Group. She has brought her extensive global business
leadership experience to bear on DocuSign's evolution since she
joined the board in March this year.
"Since joining the board earlier this year, I've seen the
positive impact that DocuSign has on businesses of all sizes, in
any industry, worldwide. The market growth opportunity is large and
still untapped as DocuSign can serve any potential customer—from an
individual to the Global 250," said Wilderotter. "Being elected to
chair the board is an honor—one that's only enhanced by the board's
visible commitment to diversity with four female executives now
serving on it. I'm looking forward to supporting DocuSign's efforts
to deliver on its System of Agreement vision, which I believe is
the next big cloud platform opportunity."
Gaylor is an established executive with more than two decades of
experience helping transformational technology companies navigate
their most important strategic and financial decisions. She has
served as the Senior Vice President and CFO of Pivotal since
May 2016, responsible for leading
finance and operations. Prior to Pivotal, Gaylor was an independent
strategic advisor, and held senior positions at Twitter as the head
of corporate development and at Morgan Stanley as a managing
director serving in various positions in the technology investment
banking group.
"DocuSign is about more than e-signatures—the company has
evolved to provide digital workflows that save money, increase
efficiency, and drive businesses forward. As a result, it's a
company that is truly loved by consumers and businesses alike,"
said Gaylor. "I am thrilled to lend my technology and finance
expertise to the DocuSign team, as we pave the way forward in this
next chapter working across the broader agreement lifecycle."
For more information, visit www.docusign.com and
investor.docusign.com.
Media Relations
Adrian
Wainwright
Head of Communications
media@docusign.com
Investor Relations
Annie
Leschin
VP Investor Relations
investors@docusign.com
About DocuSign, Inc.
DocuSign helps organizations
connect and automate how they prepare, sign, act-on, and manage
agreements. As part of its cloud-based System of Agreement
Platform, DocuSign offers eSignature—the world's #1 way to sign
electronically on practically any device, from almost anywhere, at
any time. Today, almost 430,000 customers and hundreds of millions
of users in over 180 countries use DocuSign to accelerate the
process of doing business and simplify people's lives.
For more information, visit www.docusign.com, call
+1-877-720-2040, or follow @DocuSign on Twitter, LinkedIn,
Facebook, Instagram and Snapchat.
Copyright 2003-2018. DocuSign, Inc. is the owner of DOCUSIGN®
and all its other marks (www.docusign.com/IP). All other marks
appearing herein are the property of their respective owners.
Forward-Looking Statements
This press release may contain "forward-looking" statements that
are based on our management's beliefs and assumptions, and on
information currently available to management that we believe to be
reasonable as of this date. Forward-looking statements include all
statements that are not historical facts and can be identified by
terms such as "believe," "could," "potential," "will," "would" or
similar expressions, as well as the negatives of those terms.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different from that
implied by the forward-looking statements. You should not rely upon
forward-looking statements as predictions of future events, and
except as required by law, we assume no obligation to update such
statements.
More information about our risks and other factors that could
affect our performance are described in greater detail in our
public filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained by visiting our Investor
Relations web site at http://investor.docusign.com or the SEC's web
site at www.sec.gov.
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SOURCE DocuSign, Inc.