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Brett Taylor is stepping down as co-CEO of Salesforce, and Marc Benioff is staying on as CEO

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Marc Benioff, Co-CEO of Salesforce.com Inc. , left, and Brett Taylor, co-CEO of Salesforce.com Inc. , during a keynote at the 2022 Dreamforce Conference in San Francisco, California, on Tuesday, September 20, 2022.

Marlena Sloss | bloomberg | Getty Images

sales force He said on Wednesday that Brett Taylor will step down as co-CEO on January 31st, and he will depart Mark Benioff Alone once again at the helm of the cloud software company he co-founded in 1999.

Benioff has closely embraced Taylor, who joined the company in 2016, when he sold fledgling productivity software company Quip to Salesforce. Taylor played a key role in Salesforce’s $27.1 billion in sales Obsession From Slack, the company’s biggest deal ever.

sales force Promotion Taylor, 42, is appointed as President and Chief Operating Officer. Benioff described Taylor at the time as “an exceptional industry leader who has been instrumental in creating amazing success for our customers and driving innovation across our company”.

His departure is a surprise given the speed with which he rose through the ranks and gained the trust of Benioff and the council. A couple of months ago, Benioff and Taylor were speaking together onstage at the company’s Dreamforce conference in San Francisco. The duo wore bunny ears, a nod to the Genie Service Salesforce’s bunny mascot an introduction in time.

The ad also calls into question Benioff’s ability to work alongside someone with the same surname. Almost three years ago, Keith Block, N.B Oracle ex executive, the left As co-CEO of the company. He only held this position for 18 months after being promoted from Chief Operating Officer.

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Benioff he told CNBC Soon after Block became co-CEO, he liked the idea of ​​having someone share the top job so they would have a “divide and rule” strategy so he could spend time investing, doing philanthropy, and mentoring other business leaders.

It’s been a busy year for Taylor.

The Twitter chairman was heading towards Elon Musk’s acquisition of the social media company, a deal that completed last month. In a September interview, Taylor said the deal “doesn’t come up very often” at Salesforce client meetings. Taylor has not tweeted since Oct. 26.

Taylor said in a statement Wednesday. “Mark was my mentor before I joined Salesforce, and the opportunity to partner with him to lead the most important software company in the world is career defining. After much reflection, I’ve decided to return to my entrepreneurial roots. Salesforce has never been more relevant to customers, and with a best-in-class management team and company running on all cylinders, now is the time to walk away.”

Before Quip, Taylor sold FriendFeed to Facebook and helped create it The Google maps.

Taylor made $22.8 million in total compensation in fiscal year 2022, mostly from stock awards, according to the company’s latest Filing by proxy. This is up from $13.9 million in the previous year. The application said the median wage for a Salesforce employee last year was $181,612.

As of January 31, Taylor had approximately $80 million in unearned inventory units. Most of that was from restricted inventory he received when he bought Salesforce Quip. These restricted shares are “due in equal quarterly installments through August 2023 subject to Mr. Taylor’s continued employment with the Company,” the power of attorney file reads.

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Also on Wednesday, Salesforce a statement Third quarter financial results are better than expected. But the company’s stock fell as much as 6% in after-hours trading.

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