DocuSign announces new board chair and cements executive leadership for future

Company names Maggie Wilderotter as board chair, appoints new director, and promotes new COO and CRO

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Dec 06, 2018, 16:07 ET

SAN FRANCISCO, Dec. 6, 2018 /PRNewswire/ -- On the back of the positive third quarter FY19 earnings announced today, DocuSign (NASDAQ:DOCU) continues to bolster its board of directors and cement the company's executive leadership structure to position itself for the next phase of growth and innovation.

DocuSign offers the world's #1 e-signature solution as part of its broader System of Agreement Platform to address a potential $50bn market. These offerings are riding—and in many respects driving—multiple waves of transformation in business, from paper agreements to e-signature to modern Systems of Agreement. And they are enabling business to get done faster, simpler, greener, and more cost-efficiently than ever before.

"When I joined DocuSign almost two years ago, I saw the incredible potential for the company to help organizations connect and automate how they prepare, sign, act on, and manage agreements around the world—and in turn, to accelerate the process of doing business and simplify people's lives," said Dan Springer, CEO of DocuSign. "Over time, we have refined and evolved the organization to support that goal, and I'm more confident than ever that we have the right executive structure to propel us forward for years to come."

Against that backdrop, current board member and renowned technology industry leader Maggie Wilderotter will assume the role of board chair as of January 1, 2019. The company also appointed Cynthia Gaylor, Senior Vice President and Chief Financial Officer of Pivotal Software, Inc. (NYSE:PVTL), as a new board director. As a result, the board will now include four world-class female executives.

Current Chief Strategy and Marketing Officer, Scott Olrich, will expand his role to become the company's Chief Operating Officer. Loren Alhadeff, the current SVP of North American sales and ten-year DocuSign veteran, will take on the newly created role of Chief Revenue Officer on February 1, 2019.

"With Maggie now assuming the role of board chair and Cynthia joining the board and audit committee, we have assembled a seasoned, world-class and diverse public board with experience across blue-chip corporate, technology and SaaS companies," added Springer. "And then the changes we've made with Scott and Loren create an agile organization that's hyper-focused on innovation, a strong go-to-market motion, and customer success."

Wilderotter currently serves on the boards of Costco, HP Enterprise, Cadence Design Systems, Lyft and other private and non-profit organizations, and is also a senior advisor to the Blackstone Group. She has brought her extensive global business leadership experience to bear on DocuSign's evolution since she joined the board in March this year.

"Since joining the board earlier this year, I've seen the positive impact that DocuSign has on businesses of all sizes, in any industry, worldwide. The market growth opportunity is large and still untapped as DocuSign can serve any potential customer—from an individual to the Global 250," said Wilderotter. "Being elected to chair the board is an honor—one that's only enhanced by the board's visible commitment to diversity with four female executives now serving on it. I'm looking forward to supporting DocuSign's efforts to deliver on its System of Agreement vision, which I believe is the next big cloud platform opportunity."

Gaylor is an established executive with more than two decades of experience helping transformational technology companies navigate their most important strategic and financial decisions. She has served as the Senior Vice President and CFO of Pivotal since May 2016, responsible for leading finance and operations. Prior to Pivotal, Gaylor was an independent strategic advisor, and held senior positions at Twitter as the head of corporate development and at Morgan Stanley as a managing director serving in various positions in the technology investment banking group.

"DocuSign is about more than e-signatures—the company has evolved to provide digital workflows that save money, increase efficiency, and drive businesses forward. As a result, it's a company that is truly loved by consumers and businesses alike," said Gaylor. "I am thrilled to lend my technology and finance expertise to the DocuSign team, as we pave the way forward in this next chapter working across the broader agreement lifecycle."

For more information, visit www.docusign.com and investor.docusign.com.

Media Relations
Adrian Wainwright
Head of Communications
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Investor Relations
Annie Leschin
VP Investor Relations
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About DocuSign, Inc.
DocuSign helps organizations connect and automate how they prepare, sign, act-on, and manage agreements. As part of its cloud-based System of Agreement Platform, DocuSign offers eSignature—the world's #1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, almost 430,000 customers and hundreds of millions of users in over 180 countries use DocuSign to accelerate the process of doing business and simplify people's lives.

For more information, visit www.docusign.com, call +1-877-720-2040, or follow @DocuSign on Twitter, LinkedIn, Facebook, Instagram and Snapchat.

Forward-Looking Statements

This press release may contain "forward-looking" statements that are based on our management's beliefs and assumptions, and on information currently available to management that we believe to be reasonable as of this date. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as "believe," "could," "potential," "will," "would" or similar expressions, as well as the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from that implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events, and except as required by law, we assume no obligation to update such statements.

More information about our risks and other factors that could affect our performance are described in greater detail in our public filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained by visiting our Investor Relations web site at http://investor.docusign.com or the SEC's web site at www.sec.gov.

SOURCE DocuSign, Inc.