SAN FRANCISCO, Sept. 3, 2020 /PRNewswire/ -- As part of its
Agreement Cloud strategy to automate the agreement process for
companies of all sizes around the world,
DocuSign (NASDAQ:DOCU) today promoted chief financial officer
Michael Sheridan to President of
International, and announced board member and audit committee chair
Cynthia Gaylor as the new CFO. The
company also appointed Teresa Briggs
and James Beer to its board of
directors.
After more than five years as CFO, Sheridan will now focus on
driving growth in DocuSign's $200+ million business outside
the United States. The move
reflects the vast commercial and consumer potential the company
sees in international markets, which today account for over half
its total addressable market, yet less than 20% of its total
revenue.
The news expands the additional role Sheridan took on as GM of
DocuSign's EMEA region at the start of the year. It also builds on
his established career as the CFO of companies like FireEye,
Facebook, IGN Entertainment (now part of News Corp.) and SonicWALL
(now part of Dell).
As the new DocuSign CFO, Gaylor—who joined the board almost two
years ago—will assume responsibility for the global finance
organization and its overall strategy. She brings more than 25
years' experience in finance and capital markets to the role, as
well as a background in strategy, operations, and a deep
understanding of enterprise and consumer software. Most recently
the CFO of Pivotal Software, Gaylor previously led corporate
development at Twitter, and prior to that was a managing director
in Morgan Stanley's technology group.
"Mike has played an increasingly important role in our EMEA
business this year. On the back of his significant impact
there—plus his extensive strategic track record at DocuSign and
other technology companies—he will bring strong leadership and add
great value to the critical growth initiatives we're planning
across our international regions," said Dan
Springer, DocuSign's CEO.
"In Cynthia, we have the ideal successor to Mike. As a public
company CFO and someone with a strong background in technology and
finance, she has already provided huge value to us as a board
member. I know Cynthia will hit the ground running, and Mike and I
looking forward to working closely with her as we continue to drive
the business forward."
Speaking about today's news Sheridan thanked the board and
Springer. "The chance to drive DocuSign's international growth is
incredible. I'm looking forward to working with the entire team,
and to partnering with Cynthia in her new role," he said.
Gaylor added, "When I joined the board in 2018, it was clear
that DocuSign was best-in-class, with a vast opportunity in
e-signature and beyond. Watching the company articulate its
Agreement Cloud vision over the past two years, and begin to
deliver on it, has been remarkable. I am inspired by DocuSign's
ambitious goals and the chance to continue scaling the company. I'm
also thrilled to join the exceptional finance team and help
DocuSign become an increasingly
essential cloud software platform."
In terms of the board appointments, Briggs—who is assuming the
role of audit committee chair—brings a wealth of experience from
Deloitte, and relevant board experience at ServiceNow and
Snowflake. For his part, Beer has extensive executive experience at
companies like American Airlines, McKesson, Symantec and Atlassian,
all of which will help DocuSign as it continues to scale.
For more information, please visit investor.docusign.com.
Media Relations:
Adrian
Wainwright
Head of Communications
media@docusign.com
Investor Relations:
Annie
Leschin
VP Investor Relations
investors@docusign.com
About DocuSign
DocuSign helps organizations connect
and automate how they prepare, sign, act on, and manage agreements.
As part of the DocuSign Agreement Cloud, DocuSign offers
eSignature: the world's #1 way to sign electronically on
practically any device, from almost anywhere, at any time. Today,
nearly 750,000 customers and hundreds of millions of users in over
180 countries use DocuSign to accelerate the process of doing
business and to simplify life.
For more information, visit www.docusign.com, call
+1-877-720-2040, or follow @DocuSign on Twitter, LinkedIn, Facebook
and Instagram.
Forward-Looking Statements
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contain "forward-looking" statements that are based on our
management's beliefs and assumptions and on information currently
available to management. Forward-looking statements include all
statements that are not historical facts and can be identified by
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filings with the Securities and Exchange Commission (the "SEC"),
copies of which may be obtained by visiting our Investor Relations
web site at http://investor.docusign.com or the SEC's web site at
www.sec.gov. In addition, any forward-looking statements contained
in this release are based on assumptions that we believe to be
reasonable as of this date. Except as required by law, we assume no
obligation to update such statements.
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SOURCE DocuSign, Inc.