11:40:09 AM PDT - Friday, October 7th, 2022

DocuSign has hired former Google ad exec Allan Thygesen as its new CEO  

By Editor - Thu Sep 22, 5:11 pm

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DocuSign announced today that it has hired Allan Thygesen as its next CEO, effective October 10. Thygesen was most recently at Google where he was president of the Americas and global partners. He was in charge of Google’s $100 billion advertising business in the Americas, a rather significant business by any measure, and a position that should prepare him for his new job. He joins a company that continues to lead the e-signature business, but one where the stock price has taken a significant beating, dropping 80% over the past year and 65% year-to-date. For the most recent earnings report , the company reported healthy revenue of $622 million, a 22% increase over the prior year. This is a company on a run rate of almost $2.5 billion, certainly the bones of a healthy business. Those stock losses, however, are numbers that make boards and investors want to take action, and former CEO Dan Springer, who had been with the company for the previous five years, stepped down  in June, likely seeing the writing on the wall.

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DocuSign has hired former Google ad exec Allan Thygesen as its new CEO

  • Comments Off on DocuSign has hired former Google ad exec Allan Thygesen as its new CEO

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