Salesforce Announces Appointment of Three New Independent Directors
-Arnold Donald, Sachin Mehra and Mason Morfit to Join the Company’s Board of Directors
-Expresses Gratitude for the Contributions Made by Outgoing Directors
Salesforce, the global leader in CRM, announced, as part of its ongoing board refreshment process, the following appointments to the Company’s Board of Directors, effective March 1, 2023:
- Arnold Donald, former President and Chief Executive Officer of Carnival Corporation & plc;
- Sachin Mehra, Chief Financial Officer of Mastercard; and
- Mason Morfit, Chief Executive Officer and Chief Investment Officer of ValueAct Capital
In addition, Sanford Robertson and Alan Hassenfeld have notified the Company that they do not intend to stand for re-election at Salesforce’s 2023 Annual Meeting of Stockholders.
“We’re excited to welcome Arnold, Sachin and Mason to the Salesforce Board,” said Marc Benioff, Chair and CEO of Salesforce. “As highly respected business leaders, they each bring valuable experience to further enhance and balance the diverse skills on the Board and advance our value creation initiatives. We look forward to benefiting from their expertise and insights as Salesforce continues to drive durable top- and bottom-line growth and build on our position as the world’s #1 CRM.”
“The addition of these three new independent directors to our Board demonstrates Salesforce’s commitment to ongoing refreshment in action,” said Robin Washington, Lead Independent Director of the Board. “Arnold’s proven cross-industry leadership experience, Sachin’s expansive financial, technology and operational expertise and Mason’s investor perspective and record of helping public companies build sustainable, long-term value will further strengthen our Board’s depth of expertise and diversity of thought. Ensuring we have the right Board in place to guide the Company’s strategy and oversee its ambitious goals continues to be a top priority. Over the past year, we have benefited from the valuable input of our investors and look forward to continuing that dialogue as we drive value for Salesforce shareholders.”
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Arnold Donald said: “Salesforce is an industry innovator, disruptor and leader. I believe the Company is uniquely positioned to help its customers around the world succeed in their digital transformations and is on a clear path to deliver increased value for shareholders. I’m eager to bring my experience across industries leading operating and business transformations and I look forward to partnering with the Board to oversee and advance the important efforts underway.”
Sachin Mehra said: “With a strong foundation in place and a powerful platform, Salesforce has many compelling opportunities to accelerate profitable growth. Salesforce shares my commitment to technology-focused and customer-centric innovation, and I look forward to helping the Company continue advancing its strategic vision. The Salesforce Board is world-class, and I’m honored to become a member of the Board.”
Mason Morfit said: “Salesforce has always stood out to us for its technical and business model innovations, its values and its culture. Salesforce is one of the most important software companies in the world, driving digital transformations across the global economy. We have enjoyed working with Marc and the team and look forward to helping them deliver profitable growth and shareholder returns.”
Benioff concluded, “On behalf of Robin, myself, and the entire Board, I would like to express my deepest gratitude to Sandy and Alan for their incredibly valuable service as directors. They have been instrumental in building Salesforce from a small cloud-based software company into a ~$150 billion global leader in CRM. Their insights have helped us navigate through countless pivotal moments, including launching our IPO and overseeing the Company’s growth to industry leadership in more than a dozen product categories. Their mark will forever be ingrained into the bedrock of Salesforce.”
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