Steve Cakebread, president and chief strategy officer at Salesforce.com, has resigned, and reports say two top vice presidents have also left the company.
Is there trouble in the house that Benioff built? Salesforce.com's president
and chief strategy officer, Steve Cakebread, has resigned and reports say two
other vice presidents have also left the fold, possibly in layoffs.
In a filing with the U.S. Securities and Exchange Commission on Feb. 5, the SAAS
(software as a service) provider founded by CEO
Marc Benioff said Cakebread resigned from the company to "pursue other
professional opportunities." Cakebread joined Salesforce.com
in 2002 and
served as the company's chief financial officer for six years. He took on the
role of president and chief strategy officer in 2008.
According to the filing, Cakebread's exit was "for personal reasons and
does not involve any controversy or disagreement with the company." The
filing said Cakebread will receive a severance payment of $200,000 and a bonus
"Steve did a remarkable job in his time here at Salesforce.com, putting
the people and processes in place to build an outstanding company," said
Bruce Francis, vice president of corporate strategy at Salesforce.com. "And
we wish him all the best in his future endeavors."
For an analysis of cloud computing's prospects in 2009, click here.
Meanwhile, according to published reports, two of Salesforce.com's vice
presidents also have left the company, including Gary Hanna, executive vice
president for enterprise sales, and another yet unnamed executive vice
"We've got no comment on rumors and speculation," said
Salesforce.com spokesperson Gordon Evans.
However, sources close to the company said Salesforce.com is moving full
speed ahead with hiring and new projects while many of its competitors are
delaying products and laying off staff. Salesforce.com ranks with companies
such as Google and Amazon.com, which are viewed as leading the industry into
the next decade with cloud computing.
In other news, Salesforce.com announced that it has
been ranked among the top three IT vendors for overall customer satisfaction in
2008, according to a recently issued report by VendorRate. In addition to
Salesforce.com, ChemSW, Informix, Intel, IBM,
Hewlett-Packard, Amazon.com, VMware, Apple and Research In Motion were also
listed in the top 10 for overall customer satisfaction.