Seasoned Google executive appointed to lead
DocuSign's next growth chapter
SAN
FRANCISCO, Sept. 22, 2022 /PRNewswire/ -- DocuSign
(NASDAQ:DOCU) today announced that the Company's Board of Directors
has hired Allan Thygesen as Chief
Executive Officer. Allan will assume the strategic leadership of
the company and a role on DocuSign's Board of Directors, effective
October 10th. Mary Agnes "Maggie"
Wilderotter will conclude her role as interim CEO with this
appointment and will help Allan with a smooth transition. She will
continue serving as Chairman of DocuSign's Board of Directors.
Seasoned Google executive appointed to lead
DocuSign's next growth chapter
Allan is joining DocuSign from Google where he served as
President, Americas & Global Partners, leading the company's
more than $100 billion advertising
business across North and South
America. Prior to this role, he served as the President of
Google Marketing Solutions, overseeing the global mid-market and
small advertiser business, which serves millions of customers
worldwide.
"During this time of accelerated digital transformation at
companies large and small, there is no better person to lead
DocuSign than Allan Thygesen," said
Maggie Wilderotter. "He is a
customer-focused innovator with deep experience in e-commerce, the
digitalization of business, and leading high-growth scale
organizations. The Board believes that Allan is the right leader to
help DocuSign continue to capture the massive market opportunity
that lies ahead."
Wilderotter added, "Over the last quarter, DocuSign has made
significant progress in expanding its executive team, enhanced its
product roadmap and centered its focus on sustainable and
profitable growth at scale; all setting the table for our next
CEO."
"DocuSign has a long history of delivering the most trusted,
fully-integrated platform for digital agreements, and I am honored
to lead the company in its next great chapter," said Allan Thygesen. "We have a $50 billion global market opportunity that is
largely untapped. I look forward to working with our world-class
team to capture that opportunity by growing our diversified
customer base across industries and geographies."
"On behalf of the Board, we are pleased to announce Allan Thygesen will be joining as our CEO and
director," said Peter Solvik, Lead
Independent Director and chair of the Search & Nominating and
Corporate Governance committees. "We are confident Allan is
the right leader to build on DocuSign's momentum."
Prior to joining Google in 2010, Allan
Thygesen was a managing director and partner in the U.S.
venture and growth funds of The Carlyle Group, where he led
investments in startups in sectors including e-commerce, enterprise
software and more. Earlier, Allan served as an executive in several
public and private companies, including Wink Communications, Inc.,
an interactive television technology company. Allan has served on
the board of directors of RingCentral, Inc. since October 2015 and served as a Lecturer at
Stanford's Graduate School of Business
from 2014-2021. He received a master's degree in economics from the
University of Copenhagen and an MBA
degree from the Stanford Graduate School of Business, where he
graduated as an Arjay Miller
scholar.
About DocuSign
DocuSign helps organizations connect
and automate how they navigate their systems of agreement. As part
of its industry leading product lineup, DocuSign offers eSignature,
the world's #1 way to sign electronically on practically any
device, from almost anywhere, at any time. Today, over a million
customers and more than a billion users in over 180 countries use
the DocuSign platform to accelerate the process of doing business
and simplify people's lives.
Copyright 2022. DocuSign, Inc. is the owner of DOCUSIGN® and all
its other marks (www.docusign.com/IP).
Media Relations
Megan
Gregorio
media@docusign.com
Investor Relations
investors@docusign.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are based on our management's beliefs and assumptions
and on information currently available to management, and which
statements involve substantial risk and uncertainties.
Forward-looking statements include all statements that are not
historical facts and can be identified by terms such as "may,"
"will," "plans," "potential," or "continue" or the negative of
these words or other similar terms or expressions that concern our
expectations, strategy, plans or intentions. Forward-looking
statements in this press release include, among other things,
statements about executive leadership transitions, including
expected benefits; growth in revenue, customers, or other financial
metrics; the pace and scale of digital transformation; and our
objectives for future operations. These statements are subject to
substantial risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements.
These risks and uncertainties include, among other things, risks
related to our ability to hire, retain and motivate qualified
personnel, including executive level management; our ability to
successfully manage and integrate executive management transitions;
our expectations regarding the impact of the COVID-19 pandemic,
including the easing of related regulations and measures as the
pandemic and its related effects begin to abate or have abated, on
our business, results of operations, financial condition, and
future profitability and growth; our expectations regarding the
impact of the evolving COVID-19 pandemic on the businesses of our
customers, partners and suppliers, and the economy, as well as the
macro- and micro-effects of the pandemic and differing levels of
demand for our products as our customers' priorities, resources,
financial conditions and economic outlook change; global
macro-economic conditions, including the effects of inflation,
rising interest rates and market volatility on the global economy;
our ability to estimate the size of our total addressable market,
and the development of the market for our products, which is new
and evolving; our ability to effectively sustain and manage our
growth and future expenses, achieve and maintain future
profitability, attract new customers and maintain and expand our
existing customer base; our ability to scale and update our
platform to respond to customers' needs and rapid technological
change; the effects of increased competition in our market and our
ability to compete effectively; our ability to expand use cases
within existing customers and vertical solutions; our ability to
expand our operations and increase adoption of our platform
internationally; our ability to strengthen and foster our
relationships with developers; our ability to expand our direct
sales force, customer success team and strategic partnerships
around the world; the impact of any data breaches, cyberattacks or
other malicious activity on our technology systems; our ability to
identify targets for and execute potential acquisitions; our
ability to successfully integrate the operations of businesses we
may acquire, and to realize the anticipated benefits of such
acquisitions; our ability to maintain, protect and enhance our
brand; the sufficiency of our cash, cash equivalents and capital
resources to satisfy our liquidity needs; limitations on us due to
obligations we have under our credit facility or other
indebtedness; our failure or the failure of our software to comply
with applicable industry standards, laws and regulations; our
ability to maintain, protect and enhance our intellectual property;
our ability to successfully defend litigation against us; our
ability to attract large organizations as users; our ability to
maintain our corporate culture; our ability to offer high-quality
customer support; our ability to estimate the size and potential
growth of our target market; uncertainties regarding the impact of
general economic and market conditions, including as a result of
regional and global conflicts or related government sanctions; our
ability to successfully implement and maintain new and existing
information technology systems, including our ERP system; and our
ability to maintain proper and effective internal controls.
Additional risks and uncertainties that could affect our financial
results are included in the sections titled "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our annual report on Form 10-K for the
fiscal year ended January 31, 2022
filed on March 25, 2022, our
quarterly report on Form 10-Q for the quarter ended July 31, 2022 filed on September 8, 2022 with the Securities and
Exchange Commission (the "SEC"), and other filings that we make
from time to time with the SEC. In addition, any forward-looking
statements contained in this press release are based on assumptions
that we believe to be reasonable as of this date. Except as
required by law, we assume no obligation to update these
forward-looking statements, or to update the reasons if actual
results differ materially from those anticipated in the
forward-looking statements.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/docusign-board-of-directors-announces-allan-thygesen-as-new-chief-executive-officer-301631599.html
SOURCE DocuSign, Inc.