DocuSign CEO Dan Springer steps down
Summary
The company didnt provide a reason for his departure but said Springer "has agreed to step aside," effective immediately. Chairman of the Board Maggie Wilderotter will serve as interim CEO as the company begins its search for the next executive. But its business has been slowing in recent quarters, especially as it faces tough comparisons to its dramatic growth in 2020 and early 2021. Springers departure comes less than two weeks after DocuSign posted fiscal first-quarter earnings that fell short of analyst expectations, accelerating the companys stock plunge even further. Several Wall Street firms, including Evercore ISI and Bank of America, downgraded the stock on the report.
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applications
Accounting and Taxes
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SaaS
Document Management Software
Contract Lifecycle Management
Linked Companies
DocuSign
$1M to $5M