The Miami Entrepreneur

DocuSign CEO Dan Springer steps aside after 5 1/2 years in the role, stock gains

Read Time:44 Second

Shares of DocuSign Inc. gained 0.7% in premarket trading Tuesday, after the digital signature company said Chief Executive Dan Springer as agreed to “step aside” after about 5 1/2 years in the role. The company said it named Chairman Maggie Wilderotter as interim CEO, effective immediately. The company said it has retained an executive search firm to help with the search for a new CEO. The stock, once a post-pandemic darling amid the expansion of the at-home economy, the stock has lost more than half its value this year as the outlook for projected billings dropped. The stock had sunk 60.3% year to date through Friday, while the S&P 500 has declined 22.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Previous post U.S. stocks open sharply higher after S&P 500 suffered worst week since March 2020
Next post Crypto: Elon Musk says SpaceX will accept Dogecoin for some merchandise, though the crypto is down 90% from all-time high