Maynard Webb
Director at CRM
Board
About Maynard Webb
Maynard Webb (age 69) is an independent director of Salesforce (CRM), serving since 2006 (~19 years of board tenure). He is a veteran technology operator and investor, former COO of eBay, ex-CEO/Chair of LiveOps and Yahoo! (Chair), and founder of Webb Investment Network, with deep expertise in scaling operations, cybersecurity, and board governance. His current outside public boards include Visa Inc. and AppLovin; he serves on Salesforce’s Compensation, Cybersecurity & Privacy, and Business Transformation Committees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| eBay Inc. | Chief Operating Officer | 2002–2006 | Scaled marketplace and operations at a global consumer tech platform |
| LiveOps, Inc. | Chief Executive Officer; Chairman of the Board | CEO 2006–2011; Chair 2008–2013 | Led on-demand call center solutions company through growth phase |
| Gateway, Bay Networks, eBay Technologies | SVP/CIO (Gateway), VP/CIO (Bay Networks), President (eBay Technologies) | 1995–2002 | Enterprise IT leadership; controls and technical ops background |
External Roles
| Organization | Role | Since/Through | Notes |
|---|---|---|---|
| Visa Inc. | Director | 2014–present | Large-cap payments network; public company board |
| AppLovin Corporation | Director | 2025–present | Public mobile app ecosystem company |
| Yahoo! Inc. | Director; Chairman | Director 2012–2017; Chair 2013–2017 | Led board through strategic transitions |
| Webb Investment Network | Founder | 2010–present | Early-stage venture firm |
| Solamere Capital | Executive Partner Group | 2022–present | Private equity executive partner role |
Board Governance
- Independence: The Board determined all directors other than Marc Benioff, Parker Harris, and Robin Washington are independent under NYSE standards; Webb is independent .
- Committee assignments (FY25): Compensation (member; rejoined Sept 2024), Cybersecurity & Privacy (member), Business Transformation (member) .
- Committee meeting cadence (FY25): Compensation 18 meetings; Cybersecurity & Privacy 4; Business Transformation 4 .
- Attendance: All directors attended at least 75% of aggregate Board and committee meetings; average director attendance was 97% (FY25). Twelve of 13 directors attended the 2024 Annual Meeting (not individually named) .
- Board service length: Director since 2006 (one of the longest-tenured independent directors) .
- Lead Independent Director: Role held by Arnold Donald as of March 2025 with expanded authorities (context for board effectiveness) .
Fixed Compensation (Director)
| Component (FY25) | Amount | Notes |
|---|---|---|
| Annual cash retainer | $0 | Salesforce pays additional cash only for Board leadership roles; Webb did not receive chair fees in FY25 . |
| Committee chair fees | $0 | Chair fees: $50k for Audit, Comp, Governance; $25k for other standing committees – not applicable to Webb in FY25 . |
| Total Cash | $0 | FY25 director compensation table . |
Performance Compensation (Director Equity)
| Grant Type | Grant Date | Grant-Date Fair Value | Vesting | Notes |
|---|---|---|---|---|
| RSU (annual director grant) | Feb 1, 2024 | $374,900 | Four equal installments on Feb 22, May 22, Aug 22, Nov 22, 2024, subject to service | FY25 program for non-employee directors; no unvested awards outstanding at FY25 year-end . |
- Design: Director equity is time-vested; no performance metrics attach to director grants .
- FY26 program: No changes to non-employee director compensation program (reviewed with independent consultant Semler Brossy) .
Other Directorships & Interlocks
| Company | Overlap/Interlock Consideration | Disclosure/Notes |
|---|---|---|
| Visa Inc. (current) | Potential ecosystem adjacency (payments partners as enterprise customers generally) | No related-party transaction disclosure involving Webb; no Compensation Committee relationship disclosures for Webb (only Conway had relationships requiring disclosure) . |
| AppLovin (current) | Enterprise software/mobile ecosystem adjacency | No related-party transaction disclosure involving Webb noted in proxy . |
| Yahoo! (former) | Historical | Former Chair; no current interlock at Salesforce . |
No member of the Compensation Committee had relationships requiring disclosure except Craig Conway; this indicates no disclosed related-party conflicts for Webb in FY25 .
Expertise & Qualifications
- Expert technologist/operator with background in controls, technical operations, and cybersecurity; scaled multiple high-growth tech companies as executive and board member .
- Decades of boardroom leadership including former Chair role at Yahoo!; founder/investor at Webb Investment Network .
- Adds depth to Cybersecurity & Privacy Committee and operational transformation oversight via Business Transformation Committee .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Composition/Notes |
|---|---|---|---|
| Maynard Webb | 2,429 | <1% | Includes 274 shares issuable upon RSU settlement within 60 days of March 31, 2025 . |
- Director stock ownership guidelines: Raised in March 2025 to $550,000 in value (unvested awards excluded); must be achieved by later of March 27, 2030 or 5 years from initial appointment. As of April 15, 2025, all non-employee directors were in compliance .
- Pledging/Hedging: No pledging by Webb is disclosed; no specific exceptions noted for Webb in proxy .
Compensation Committee Activity & Investor Alignment (Webb’s Oversight Role)
- Committee refresh and leadership: Webb rejoined the Compensation Committee in September 2024; Mason Morfit joined in December 2024 and became Chair in January 2025 .
- Investor responsiveness: Following a 45.6% say‑on‑pay outcome in 2024, the Board/Comp Committee led outreach with major shareholders and proxy advisors; Committee members (including Webb) attended 100% of these meetings .
- Program changes adopted: Commitment to avoid supplemental off-cycle CEO awards absent extraordinary circumstances; removal of mega-cap peers (AMZN, GOOGL, AAPL, META) from the compensation peer set; enhanced performance orientation in incentives; capped CEO aircraft/security perqs; increased stock ownership requirements for executives .
Governance Assessment
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Strengths
- Long-tenured independent director with deep operating and cybersecurity expertise; serves on key oversight committees (Compensation; Cybersecurity & Privacy; Business Transformation) that are central to Salesforce’s profitable growth and AI/Cyber governance agenda .
- High engagement: Committees on which Webb serves were active in FY25 (Comp: 18; C&P: 4; BT: 4); Board-wide attendance averaged 97% .
- No related-party transactions or Compensation Committee interlocks requiring disclosure for Webb; independence affirmed under NYSE rules .
- Director pay structure balanced toward equity; all non-employee directors compliant with tightened ownership guidelines, enhancing alignment .
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Watch items
- 2024 say‑on‑pay support at 45.6% was low; however, Webb (as a Compensation Committee member) participated in responsive changes and shareholder engagement, which mitigates governance risk going forward .
- Multiple outside roles are within Salesforce’s overboarding policy (≤5 for‑profit boards) and reviewed annually; continue to monitor time commitments as AppLovin board role is new in 2025 .
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RED FLAGS
- None disclosed specific to Webb: no attendance shortfalls, no related‑party transactions, no pledging disclosed, and independence maintained .