By Emon Reiser
Salesforce has appointed Robin Washington as its incoming chief operating officer and chief financial officer and announced that current Operating Chief Brian Millham would retire after more than 25 years at the business-software company.
Millham, the company's 13th employee, is expected to exit May 1. He is credited with helping the Silicon Valley cloud-computing business grow into one of the world's most valuable companies.
"From pioneering Salesforce's legendary sales organization to building a world-class customer success operation, to driving our operational and financial transformation as COO, Brian has shaped the very DNA of Salesforce. His impact will be felt for decades to come," said Marc Benioff, chair and CEO of Salesforce.
In August, Salesforce's departing financial chief, Amy Weaver, said she would step down from the role once a successor was named.
Washington will take on the newly combined role effective March 21 after serving in financial and operational-strategy leadership positions at companies including Gilead Sciences, Hyperion and PeopleSoft. She served on Salesforce's board since 2013 in addition to the boards of Alphabet, Eikon Therapeutics, Honeywell International and Vertiv Holdings.
Salesforce is making changes to its C-suite at a time when the software-as-a-service pioneer has a lot to prove. After years of relentless growth, revenue growth has slowed, weighing on the company's stock performance in comparison with its software competitors.
After Washington is appointed to her new role, Arnold Donald, the former chief executive of Carnival Corp., will become the company's lead independent director. Washington will continue to be a member of the board.
Millham's total compensation reached $16.4 million in 2024, according to the most recent proxy filings available on Salesforce's executive pay. Weaver's total compensation was about $12.3 million in 2024.
Write to Emon Reiser at emon.reiser@wsj.com
(END) Dow Jones Newswires
February 05, 2025 16:50 ET (21:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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