3rdPartyFeeds

Salesforce Loses Another Security Leader in Executive Exodus

(Bloomberg) -- A second Salesforce Inc. cybersecurity executive has left the company within the span of a few months, another shake-up in the top ranks of the software maker that is struggling with slowing revenue growth.Most Read from BloombergUS Safety Agency to Consider Ban on Gas Stoves Amid Health FearsUS Flights Latest: Departures Resume After FAA Lifts Ground StopRental Housing Is Suddenly Headed Toward a Hard LandingApple to Begin Making In-House Screens in 2024 in Shift Away From Samsun Read More...

(Bloomberg) — A second Salesforce Inc. cybersecurity executive has left the company within the span of a few months, another shake-up in the top ranks of the software maker that is struggling with slowing revenue growth.

Most Read from Bloomberg

Taher Elgamal, chief technology officer of security, announced Wednesday in a LinkedIn post that he is leaving Salesforce after 10 years with the company. Elgamal is credited as a pioneer of SSL, a formative encryption method, according to Salesforce.

He is the second high-level cybersecurity official to leave Salesforce, following Executive Vice President Mark Carter, who departed in November. Salesforce has seen multiple high-ranking exits in recent months, including co-Chief Executive Officer Bret Taylor, and top leaders for Slack and Tableau.

For more: Salesforce Guts Tableau After Spending $15.7 Billion to Buy It

Elgamal has joined Evolution Equity Partners, a cybersecurity venture capital firm, as a general partner, according to his LinkedIn post. The company couldn’t immediately be reached for comment on Elgamal’s move.

Last week, Salesforce began culling 10% of its workforce, about 8,000 people, in an effort to cut costs. The company, which is the top provider of customer management software, has been battling slowing growth and investor pressure to improve profit. In the fiscal third quarter, which ended Oct. 31, Salesforce reported its smallest year-over-year quarterly revenue increase since becoming a public company in 2004. It projected sales growth would be even less in the current period, which ends this month.

Most Read from Bloomberg Businessweek

©2023 Bloomberg L.P.

Read More

Add Comment

Click here to post a comment