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Peter P. Gassner

CEO and Director at VEEVA SYSTEMS
Board
Since 2007
Age
59 years
Education
Earned a Bachelor of Science degree in Computer Science from Oregon State University.
Tenure
Joined Veeva Systems Inc. in 2007 as a co-founder and has served as its CEO and Director since then.

Also at VEEVA SYSTEMS

BVW
Brian Van Wagener
Chief Financial Officer (CFO)
ENZ
E. Nitsa Zuppas
President and Chief of Staff
J(F
Jonathan (Josh) Faddis
SVP, General Counsel, and Corporate Secretary

About

Peter P. Gassner is the Chief Executive Officer and Director at Veeva Systems Inc., having played a pivotal role in founding the company in 2007. His leadership has been instrumental in shaping the organization’s strategic direction and technological innovation, establishing it as a key player in the cloud-based solutions space.

Before his tenure at Veeva, he built a robust career in the technology sector, starting as a Staff Developer at IBM, advancing to Chief Architect and General Manager at PeopleSoft, and then taking on the role of Senior Vice President of Technology at Salesforce.com, Inc. These positions allowed him to gain extensive experience in enterprise software and cloud computing solutions, laying a strong foundation for his subsequent achievements.

Beyond his executive role at Veeva, his career is marked by his contributions as a board member at several respected organizations, such as Zoom Video Communications, Inc. and Guidewire Software, Inc. This blend of operational and oversight roles underscores a dynamic professional journey dedicated to technological innovation and corporate leadership, reflecting both a deep industry expertise and a commitment to shaping the future of enterprise software.

$VEEV Performance Under Peter P. Gassner

Past Roles

OrganizationRoleDate RangeDetails
salesforce.com, inc. Senior Vice President of Technology 2003–2005 Enterprise cloud computing solutions provider
PeopleSoft, Inc. Chief Architect and General Manager 1995–2003 Enterprise application software provider
International Business Machines Corporation (IBM) Staff Developer 1989–1994 Multinational technology and computer manufacturing company

External Roles

OrganizationRoleDate Range
Zoom Video Communications, Inc. Board Member 2015–present

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary $420,833 Annual, 2024 Fixed compensation; no additional fixed awards reported

Performance Compensation

Data from  FY 2024

Performance Option Grant (2024)

Metric (Unit)Value/DetailCitation
Grant Date (Date)June 19, 2024
Grant Date Fair Value (USD Mil.)$172 million (approx.)
Grant Date Stock Price (USD/Share)$236.90
Vesting Schedule (Dates)5 annual increments on Feb 1, 2025, Feb 1, 2026, Feb 1, 2027, Feb 1, 2028, Feb 1, 2029
Service ConditionContinuous service as CEO required through each vesting date
Stock Price ConditionStock price must be ≥ $236.90 for 60 consecutive trading days
Post-Exercise Holding2-year holding period or until Feb 1, 2032 (whichever is earlier)
Expiration DateJune 18, 2034
Total Shares Granted530,000 shares with equal annual vesting of 20% each

This performance compensation is designed to align Mr. Gassner's incentives with long-term shareholder value creation and the company's public benefit purpose.