DocuSign appointed Allan Thygesen, a former Google ad executive, as its new CEO

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DocuSign today announced the appointment of Allan Thygesen as its new CEO, effective October 10. Thygesen was most recently president of the Americas and global partners at Google.

He was in charge of Google’s $100 billion advertising business in the Americas, which was a significant business by any standard and should have prepared him for his new position. He joins a company that is still the market leader in e-signature, but whose stock price has plummeted by 80% in the last year and 65% year to date. In its most recent earnings report, the company reported $622 million in revenue, a 22% increase over the previous year. This is a company with a run rate of nearly $2.5 billion, which is unquestionably the foundation of a healthy business.

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DocuSign appointed Allan Thygesen, a former Google ad executive, as its new CEO

DocuSign today announced the appointment of Allan Thygesen as its new CEO, effective October 10. Thygesen was most recently president of the Americas and global partners at Google.

He was in charge of Google’s $100 billion advertising business in the Americas, which was a significant business by any standard and should have prepared him for his new position. He joins a company that is still the market leader in e-signature, but whose stock price has plummeted by 80% in the last year and 65% year to date. In its most recent earnings report, the company reported $622 million in revenue, a 22% increase over the previous year. This is a company with a run rate of nearly $2.5 billion, which is unquestionably the foundation of a healthy business.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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