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Slack CEO Stewart Butterfield to Quit the Company Next Month

Reuters

Last Updated: December 06, 2022, 18:38 IST

San Francisco

Lidiane Jones, senior vice-president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack.

Lidiane Jones, senior vice-president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack.

According to parent firm Salesforce Inc., Slack CEO Stewart Butterfield intends to quit the business chat app in January.

Slack Chief Executive Officer Stewart Butterfield plans to leave the workplace messaging platform in January, parent company Salesforce Inc said on Monday.

Lidiane Jones, who is the senior vice-president of product management for Salesforce Commerce Cloud, will take over as CEO of Slack, a company spokesperson said.

Business Insider had first reported the news earlier in the day.

Shares in Salesforce, a component of the Dow Jones Industrial Average, slumped about 4%.

Salesforce had acquired Slack last year in a nearly $28 billion deal following a massive bet that Slack’s workplace app will become popular for collaborations within and between companies.

Last week, Salesforce stock tumbled after co-CEO Bret Taylor’s sudden exit caught Wall Street off guard and raised concerns about the merit in having two leaders.

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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)
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first published:December 06, 2022, 18:38 IST
last updated:December 06, 2022, 18:38 IST
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