Docusign (NASDAQ:DOCU) has announced significant changes to its leadership team, as it prepares to execute its vision for Intelligent Agreement Management. Paula Hansen will join the company as President and Chief Revenue Officer, while Sagnik Nandy will take on the role of Chief Technology Officer, completing the senior leadership team for the company's next phase of growth.
Docusign recently unveiled Docusign IAM, an Intelligent Agreement Management platform and suite of applications, which rolled out to U.S. customers on May 30, 2024. This move expands the company into a new SaaS category and is expected to help businesses transform agreement data into actionable insights, accelerate contract review cycles, and boost productivity organization-wide.
Hansen, who previously served as President and Chief Revenue Officer at Alteryx, will lead enterprise and commercial sales and partnership teams worldwide at Docusign. She brings with her a wealth of experience in leading global go-to-market organizations, worldwide sales, sales engineering, partners, marketing, customer experience, customer support, and revenue operations.
On the other hand, Nandy, who was most recently serving as President and Chief Development Officer at Okta, will now lead all aspects of engineering, research, and engineering operations at Docusign. His experience in leading product, engineering, and design for the Workforce Identity Cloud at Okta, as well as his previous role as a VP of Engineering at Google, will be instrumental in helping Docusign scale its engineering capabilities and drive innovation in this new chapter.
The company's President of Worldwide Field Operations, Steve Shute, and current Chief Technology Officer, Kamal Hathi, will be leaving Docusign after the end of Q2, ensuring continuity until the new leaders are in place.
Docusign's CEO, Allan Thygesen, expressed gratitude to the departing leaders for their significant contributions to the company's transformation over the last several years, emphasizing that the evolution to Intelligent Agreement Management would not have been possible without their efforts.
These leadership changes come as Docusign continues to bring agreements to life for more than 1.5 million customers and over a billion people in more than 180 countries, using its solutions to accelerate the process of doing business and simplify people's lives. With the introduction of Docusign IAM, the company aims to unleash business-critical data that has been trapped inside documents, enabling companies to create, commit to, and manage agreements with solutions created by the #1 company in e-signature and Contract Lifecycle Management. Following these announcements, the company's shares moved -0.3%, and are now trading at a price of $51.54. Check out the company's full 8-K submission here.
