DocuSign names former Google executive Allan Thygesen as new CEO
Summary
DocuSign shares rose more than 3% in extended trading after the electronic signature software maker announced it has hired an Alphabet executive, Allan Thygesen, to be its next CEO. Like other cloud software companies, DocuSign enjoyed a wave of greater interest among investors during the Covid pandemic as consumers and corporate workers became more reliant on digital ways to sign documents. Thygesen has spent nearly 12 years at Alphabet subsidiary Google, where he was most recently president of Americas and global partners. "DocuSign has a long history of delivering the most trusted, fully-integrated platform for digital agreements, and I am honored to lead the company in its next great chapter," Thygesen was quoted as saying in a statement. I look forward to working with our world-class team to capture that opportunity by growing our diversified customer base across industries and geographies."
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