Taylor was promoted to the role of co-CEO with Benioff.
Taylor co-founded the productivity software start-up Quip four years before he joined Salesforce. Taylor moved up the ranks quickly to become president and chief product officer, and now participates in quarterly earnings calls with analysts.
In a press release announcing the promotion, Benioff said, "Bret is a phenomenal industry leader who has been instrumental in creating incredible success for our customers and driving innovation throughout our company." We will lead the next chapter of the company while living our shared values of trust, customer success, innovation and equality for all.
Taylor was the technology chief of Facebook for three years and helped create the popular online mapping service. Taylor was named chairman of the board of directors on Monday as a result of Jack Dorsey leaving.
Taylor made $13.9 million in total compensation for the fiscal year that ended in June, mostly from stock awards, according to the most recent proxy statement. He has about $329 million worth of shares in the company. In exchange for hisQuip holdings, Taylor received stock fromSalesforce.
The last time another CEO was named was in 2018, when Block became co-CEO with Benioff. Less than two years later, Block stepped down, and the title was removed.
The opening keynote of the DreamForce conference in San Francisco was given by the chairman and co-chief executive officer ofSalesforce.com Inc. For the second year in a row, protests against the company's work with the U.S. government interrupted the annual software conference.
The Information reported that Taylor told people he was going to get the CEO job.
He said in Tuesday's statement that he had been his mentor, his greatest supporter and his trusted friend for years. It's an enormous privilege to lead the company he co-founded.
Each year, tens of thousands of people attend the Dreamforce conference to hear from Benioff on business trends. Benioff and his wife, Lynne, acquired Time Magazine in the fall of 2018, and he regularly engages in politics, directing money to philanthropic causes.
The cloud-based software company has expanded beyond its core offerings to include products for customer service, marketing and commerce. The acquisitions of MuleSoft, Tableau and most recently Slack have aided the growth of the company. The $6.5 billion purchase of MuleSoft was the subject of one of Taylor's first high-profile conference calls.
Butterfield told Taylor that his company was interested in acquiring the company. According to a regulatory filing, Taylor told Butterfield that it wasn't happening, but later brought up the idea of a merger between the two companies. The deal was worth $27.1 billion.
Taylor obtained a bachelor's and master's degree in computer science from the same school. The University of Southern California was a member of the Pac-12 Conference and had a heated rivalry with the University of California.
The significance of the upcoming match up is something Taylor mentioned.
On the day before the USC-STANFORD game, Taylor posted that he was a simple man. I need my family, my health, and for my team to beat USC tomorrow so I can remind Benioff about it.
The post was liked by Benioff. The two men were close despite the 14-point victory by the Cardinal. Taylor was already in the C-Suite, and he would soon join a few top executives in rehearsals for the Dreamforce keynote.
Taylor told CNBC that it was natural for them to give the speech because the narrative was shared. It changes a lot from the beginning.
At the time, Taylor was being considered as a possible successor to Benioff, who has a net worth of $11 billion and spends a lot of his time at his estate in Hawaii. Taylor was not interested in the topic.
He said he didn't know what his reaction was to the rumors. I am focused on the problems that are ahead of me.
Jim Cramer had an interview with a CEO.
