Dive Brief:
- Salesforce CFO Amy Weaver is planning to step down after less than four years in the role, the software-as-a-service company said Wednesday.
- Weaver will stay on as finance chief until a successor is appointed and then become an adviser to the company, Salesforce said in a press release announcing its second quarter fiscal 2025 earnings results.
- “This feels like the right time for me to really focus on a very smooth transition of finding the next CFO, making sure to relax and recharge, and looking at new adventures,” Weaver said during a Wednesday earnings call.
Dive Insight:
The announcement came on a high note for the finance chief, as San Francisco, California-based Salesforce also reported total revenues rose to $9.3 billion during its most recent quarter ended July 31, an increase of 8% compared with the year-earlier period.
The results reflect the company’s focus on profitable growth and a disciplined investment strategy, Weaver said during the earnings call.
Salesforce CEO Marc Benioff credited Weaver with spearheading the company’s financial transformation during her tenure. “Salesforce today is better positioned than ever with a phenomenal platform for growth,” he said during the company’s earnings call.
In the Wednesday release, he said the company is “grateful that Amy’s transition period will allow us to conduct a thoughtful search for our next CFO, and we expect this to be a seamless transition.”
Weaver has agreed to continue serving as special adviser to the CEO through April 2026, assisting in “the transition of her duties, transaction integration and activities, transformation-related projects, and customer-related matters,” the company, which provides cloud-based customer relationship management software, said in a securities filing.
Weaver, who has spent more than 10 years at Salesforce, took the company’s finance reins in February 2021, according to her LinkedIn page. She previously served in other leadership roles at the company, including chief legal officer.
