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    Salesforce Inc (CRM)

    Leadership Changes

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    Salesforce, Inc. is a global leader in customer relationship management (CRM) technology, offering a platform that connects companies with their customers through data, AI, and CRM solutions. The company's primary product is the AI-powered Customer 360 platform, which integrates various business functions by unifying customer data across systems, apps, and devices to create a comprehensive view of customers . Salesforce generates revenue primarily from subscription and support services, as well as professional services and other revenues .

    1. Subscription and Support Revenues - Provides access to enterprise cloud computing services and software licenses, recognized over the contract term or at the point in time when the software is made available to the customer.
    2. Professional Services and Other Revenues - Offers advisory services, project management, implementation services, and training, recognized as services are rendered or over the contract term.
    NamePositionExternal RolesShort BioStart Date

    Marc Benioff

    ExecutiveBoard

    Chair of the Board and CEO

    Member of the World Economic Forum Board of Trustees; Chair of Salesforce Foundation

    Co-founder of Salesforce (1999), CEO since 2001, instrumental in Salesforce's growth into the #1 CRM provider globally.

    1999 (Co-Founder)

    Robin L. Washington

    ExecutiveBoard

    President and COFO (effective March 2025)

    Board Member at Alphabet Inc., Honeywell International Inc., Vertiv Holdings Co., and Eikon Therapeutics

    Director since 2013, former CFO of Gilead Sciences, and Lead Independent Director at Salesforce (2022-2025).

    March 2025

    Amy Weaver

    Executive

    President and CFO

    Board Member at McDonald’s Corporation and Habitat for Humanity International

    Joined Salesforce in 2013, previously served as Chief Legal Officer, transitioning out of CFO role upon successor appointment in 2025.

    February 2021

    Brian Millham

    Executive

    President and COO

    None

    Announced retirement effective March 21, 2025, after 25 years at Salesforce, played a key role in building the sales organization and Customer Success operation.

    1999

    Miguel Milano

    Executive

    President and Chief Revenue Officer

    None

    Rejoined Salesforce in 2023, previously held leadership roles at Salesforce (2011-2020), and drove sales productivity improvements.

    August 2023

    Parker Harris

    Executive

    Chief Technology Officer

    None

    Co-founder of Salesforce (1999), CTO since 2016, leads technological advancements and product integration.

    1999 (Co-Founder)

    Sabastian Niles

    Executive

    President and Chief Legal Officer

    None

    Joined Salesforce in 2023, oversees global legal and corporate affairs, previously a partner at Wachtell, Lipton, Rosen & Katz.

    July 2023

    Srinivas Tallapragada

    Executive

    President and Chief Engineering Officer

    Board Member at GoDaddy Inc.

    Joined Salesforce in 2012, leads engineering and technology initiatives, previously held senior roles at Oracle and SAP.

    May 2012

    Sundeep Reddy

    Executive

    EVP and Chief Accounting Officer

    None

    Joined Salesforce in 2021, previously held senior finance roles at McKesson Corporation.

    September 2021

    Arnold Donald

    Board

    Director

    Director at GE Vernova, MP Materials Corp, and Bank of America Corp; Chair of World Travel and Tourism Council

    Director since 2023, former CEO of Carnival Corporation, and experienced in global business transformations.

    2023

    Craig Conway

    Board

    Director

    Director at Nutanix, Inc. and Paylocity Holding Corporation

    Director since 2005, former CEO of PeopleSoft, and experienced in high-growth technology companies.

    2005

    John V. Roos

    Board

    Director

    Co-Founding Partner at Geodesic Capital; Senior Advisor at Centerview Partners

    Director since 2013, former U.S. Ambassador to Japan, and expert in corporate governance and digital transformation.

    2013

    Mason Morfit

    Board

    Director

    Co-CEO of ValueAct Capital

    Director since 2023, investor with expertise in corporate governance and business transformations.

    2023

    Maynard Webb

    Board

    Director

    Founder of Webb Investment Network; Director at Visa Inc.; Executive Partner at Solamere Capital

    Director at Salesforce since 2006, former COO of eBay, and author of books on entrepreneurship and leadership.

    2006

    Neelie Kroes

    Board

    Director

    None

    Director since 2016, former European Commissioner for Competition, and Chair of Salesforce's Cybersecurity & Privacy Committee.

    2016

    Oscar Munoz

    Board

    Director

    Director at CBRE Group, Archer Aviation, and TelevisaUnivision; Member of Fidelity Equity & High Income Funds Board of Trustees

    Director since 2022, former CEO of United Airlines, and experienced in business transformations and customer satisfaction.

    January 2022

    Sachin Mehra

    Board

    Director

    CFO at Mastercard

    Director since 2023, financial expert and Chair of Salesforce's Audit & Finance Committee.

    2023

    Susan Wojcicki

    Board

    Director

    Advisor to YouTube, Google, and Alphabet; Board Member at Waymo

    Director since 2014, former CEO of YouTube, and expert in product development and data privacy.

    2014

    1. Given that some customers take up to six months to harmonize their data for Agentforce integration, how are you addressing these challenges to accelerate adoption and help customers streamline their data preparation?

    2. With Agentforce priced at $2 per conversation on a consumption basis, how do you ensure this model remains sustainable and attractive for customers as interactions scale, and how might this impact your revenue predictability and margins?

    3. Can you provide more clarity on the new 'Foundations' offering, specifically how it differs from your existing products, and what strategies you're employing to drive its adoption in the coming year?

    4. As you heavily focus on deploying Agentforce and AI agents, what potential risks do you foresee related to data privacy, security, and customer trust, and how are you mitigating these concerns to ensure sustained adoption?

    5. The 'More Core' initiative aims to integrate all your products into a single platform; what are the primary technical and organizational challenges you're encountering, and how might these impact your timelines and the overall performance of your platform?

    Program DetailsProgram 1Program 2Program 3
    Approval DateAugust 2022 February 2023 February 2024
    End Date/DurationNo fixed expiration No fixed expiration No fixed expiration
    Total additional amount$10.0 billion $10.0 billion $10.0 billion
    Remaining authorization amount$0.6 billion $0.0 billion $10.0 billion
    DetailsDiscretionary repurchase methods Discretionary repurchase methods Discretionary repurchase methods
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2028$1,500 2028 Senior Notes3.70 17.6% = (1,500 / 8,500) * 100
    2028$1,000 2028 Senior Sustainability Notes1.50 11.8% = (1,000 / 8,500) * 100
    2031$1,500 2031 Senior Notes1.95 17.6% = (1,500 / 8,500) * 100
    2041$1,250 2041 Senior Notes2.70 14.7% = (1,250 / 8,500) * 100
    2051$2,000 2051 Senior Notes2.90 23.5% = (2,000 / 8,500) * 100
    2061$1,250 2061 Senior Notes3.05 14.7% = (1,250 / 8,500) * 100
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2002 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Zoomin

    2025

    Salesforce’s planned acquisition of Zoomin will integrate unstructured data from sources like SharePoint, webinars, and YouTube into its Data Cloud, aiming to strengthen the Agentforce platform for improved AI and analytics; no financial terms were disclosed.

    Airkit, Inc.

    2024

    In fiscal 2024, Salesforce acquired Airkit, Inc., where co-founder Stephen Ehikian received approximately $11 million along with additional cash retention; the deal included transitional employment arrangements to ensure a smooth process.

    Spiff, Inc.

    2024

    The acquisition of Spiff, Inc. in February 2024 was structured with a total consideration of $419 million (primarily $374 million in cash), resulting in $323 million of goodwill and the issuance of 45,845 common stock shares vesting over time, emphasizing workforce and market expansion.

    PredictSpring Inc.

    2024

    Completed on September 12, 2024, the PredictSpring Inc. acquisition involved Salesforce issuing 82,836 common stock shares (vesting over time) under several Securities Act exemptions, underscoring a stock-based deal structure.

    Tenyx, Inc.

    2024

    The September 13, 2024, acquisition of Tenyx, Inc. involved the issuance of multiple classes of common stock (totaling over 82,000 shares through various vesting arrangements) and the assumption of its 2021 Equity Incentive Plan, indicating a strategic integration of Tenyx’s team and technology into Salesforce operations.

    Own Data Company Ltd.

    2024

    Own Data Company Ltd. was acquired in November 2024 for approximately $1.9 billion in cash (net of an existing 10% stake), aiming to bolster Salesforce’s data protection, privacy, and compliance capabilities, and positioning the acquisition to accelerate growth in Platform Data Security and related offerings.

    Atonit Tecnologia da Informacao LTDA

    2022

    In March 2022, Salesforce acquired Atonit Tecnologia da Informacao LTDA by issuing 25,969 common stock shares that vest over time under exemptions from registration requirements, with the deal focusing on integrating key IT capabilities.

    Phennecs LLC

    2022

    The April 2022 acquisition of Phennecs LLC was executed through the issuance of 77,252 common stock shares that vest over time under Securities Act exemptions, adding to Salesforce’s technical capabilities in the digital arena.

    Traction Sales and Marketing Inc.

    2022

    Acquired in April 2022 for approximately $340 million (primarily $302 million in cash), Traction Sales and Marketing Inc. brought along nearly $293 million in goodwill and customer relationship assets, with additional equity awards issued and assumed, enhancing Salesforce’s professional services capabilities.

    Recent developments and announcements about CRM.

    Earnings

    • New Earnings (Q4 2025)

      ·
      Feb 27, 2025, 4:17 AM

      Salesforce's Q4 2025 earnings show Agentforce fueling growth with 3,000 customers in 90 days and a $20M ACV deal ($7M from Agentforce). Productivity is up 30%, no new engineering hires planned. Yet CFO & COO departures raise questions about future stability.

      View full earnings summary →

    8-K Filings

    • 8-K Filing

      ·
      Feb 19, 2025, 9:34 PM
      Financial Exhibits
      Leadership Changes

      Salesforce has appointed Robin Washington as President & CFO, effective March 21, 2025. Her package includes a $1.1M base salary, 175% bonus target, an $8.5M sign-on bonus, and equity awards with a grant value of approximately $9M.

      View full 8-K filing →