DocuSign’s CEO, Dan Springer, is stepping down,
the company announced on Tuesday. The move comes after the e-signature software developer’s stock lost more than 60% of its value this year, according to a CNBC report.
the company announced on Tuesday. The move comes after the e-signature software developer’s stock lost more than 60% of its value this year, according to a CNBC report.
Springer “has agreed to step aside,” according to the company, which gave no reason for his departure.
Springer took on the role of chief executive in 2017 and took the company public in 2018.
Chairman of the Board Mary Agnes “Maggie” Wilderotter has been named interim CEO to assist the senior management team in driving better execution across the board, the company said.
To assist with succession planning and the CEO search, the board has hired a top national executive search company. DocuSign‘s board of directors will continue to be chaired by Wilderotter. Pete Solvik has been named as the company’s lead independent director.
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