Salesforce (NYSE:CRM) shares fell approaching noon EST, as 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.
They are: 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 CEO Marc Benioff. “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.”
Donald is a recognized leader who brings extensive experience in strategic planning, operations and distribution at large, Mehra is a prominent business executive who has risen through the ranks and held several leadership roles, including more than 12 years at Mastercard. Morfit is a Partner, the Chief Executive Officer and Chief Investment Officer of ValueAct Capital, a San Francisco-based investment firm with more than $12 billion in assets under management.
CRM shares decreased in price 65 cents to $164.44.
