Dive Brief:

• DocuSign announced Tuesday that Amazon veteran Blake Grayson will be taking over as finance chief of the San Francisco-based electronic signature company. 

• Grayson served in various finance leadership positions at Amazon for over a decade prior to his current role as CFO of The Trade Desk, an online advertising company, which he joined in 2019, according to his LinkedIn profile.

• He will succeed Cynthia Gaylor, who is stepping down after less than three years as DocuSign’s finance chief. Gaylor will remain in the CFO seat through the release of the company's next quarterly earnings report, according to a press release.

Dive Insight:

DocuSign in March reported total revenues of $659.6 million for its fiscal 2023 fourth quarter, an increase of 14% year-over-year. Subscription revenue was $643.7 million, an increase of 14% year-over-year, while professional services and other revenue was $15.9 million, a decrease of 5% year-over-year.

“Our Q4 results were solid, demonstrating the durability in our business model and DocuSign's important position in the broader ecosystem,” Gaylor said in an earnings call at the time.

Still, she said the company continues to experience a “challenging macro environment with softening demand trends, including moderating expansion rates.”

Gaylor became DocuSign’s CFO in September 2020. The company announced on March 9 that Gaylor had provided notice of her intention to step down, and a search for a new finance chief was under way.

The reason for her resignation is unclear. A spokesperson said the company has nothing further to say on the departure.

Grayson, 50, will join DocuSign with an annual base salary of $500,000, according to a Securities and Exchange Commission filing by the company.

During his time at Amazon, Grayson served in several finance roles, including vice president of finance for its international consumer business, as well as finance director of Amazon Web Services. He has also served in finance roles at JPMorgan Chase and AT&T Wireless.

DocuSign CEO Allan Thygesen said Grayson will help the company to unlock both growth and operational efficiency.

"The leadership team and I are thrilled to partner with Blake to continue to build DocuSign," he said in the release.