Salesforce’s Marc Benioff told CNBC’s Jim Cramer on Tuesday that he “never left” the corporate software giant he co-founded in 1999, but is excited that Bret Taylor will join him as co-CEO.
Benioff’s remarks in a “Mad Money” interview came shortly after Salesforce announced Taylor’s promotion. Prior to his promotion to Co-CEO, Taylor had served as President and Chief Executive Officer since 2019.
“I love Salesforce. You see me with our customers and how much fun I have with all of our stakeholders. I never leave Salesforce. This is my life struggle,” said Benioff, who also serves as chairman of the board of directors. company.
“But I could not be more excited to have a great partner here with Bret Taylor, and he’s just great,” Benioff continued. “This is my dream, that Bret would come into the business and we could work it out and run it together and lead it together in a trusted partnership, and that happens.”
Cramer had asked Benioff whether Taylor’s appointment as co-CEO meant that the outspoken billionaire entrepreneur would “go to the beach, run for president, whatever, or will you stay as co-CEO?”
Asked the question, Cramer noted that speculation about Benioff’s future as CEO surfaced in August 2018, when Salesforce approached Keith Block to become co-CEO. Block stepped down in February 2020, leaving Benioff as sole CEO until Taylor’s promotion on Tuesday.
The 41-year-old Taylor joined Salesforce in 2016 after the company acquired its productivity software startup Quip. He previously worked at Google and Facebook, and on Monday he became chairman of the Twitter board.
Salesforce shares fell into expanded trading on Tuesday after the company published its latest quarterly results. While earnings and earnings per share were above forecasts, earnings guidance for the fourth quarter of the company came lighter than Wall Street expected.
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