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As Salesforce announces record quarter revenue, co-chief executive Keith Block steps down

As Salesforce announces record quarter revenue, co-chief executive Keith Block steps down

Salesforce co-chief executive Keith Block is to leave the business, with Marc Benioff taking on the role of chair and sole chief executive just after the company announced record quarterly results.

Block will step down from co-running the customer relationship management platform but remain as an advisor to Benioff, it has been revealed after the company posted $4.85bn in revenue for its fourth quarter, an increase of 35% year-on-year.

The company’s subscription and support revenues for the quarter were also up by 35% for the year, at $4.56bn, while other revenues amounted to $288m, an increase of 26%.

Of his departure, Block said: "It's been my greatest honor to lead the team with Marc that has more than quadrupled Salesforce from $4 billion of revenue when I joined in 2013 to over $17 billion last year.”

He continued: "We are now a global enterprise company, focused on industries, and have an ecosystem that is the envy of the industry, and I'm so grateful to our employees, customers, and partners. After a fantastic run I am ready for my next chapter and will stay close to the company as an advisor. Being side-by-side with Marc has been amazing and I'm forever grateful for our friendship and proud of the trajectory the company is on."

Benioff responded: "I am especially grateful to Keith for his service to Salesforce over the last seven years. I am delighted that he will be staying on as an advisor to me. Keith's strategic thinking and operational excellence have deeply strengthened our company, and our close friendship endures. I am Keith's biggest supporter as he creates the next chapter of his storied career. He will always be part of our Ohana."

Meanwhile Gavin Patterson, the former chief executive of BT Group, is to become the new president and chief executive officer of Salesforce International, where he will oversee Salesforce's largest international markets outside of the US. He joined Salesforce last year as the chairman for the EMEA region.

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