Taylor will remain at Salesforce through the end of January, after which he will leave the company and its board to focus on an unspecified “entrepreneurial” project. Salesforce shares were down roughly 10% in midday trading on Thursday, following the news of Taylor’s resignation, which was announced in concert with Salesforce’s quarterly earnings. (That fact should not itself be too surprising: This is market-moving news, and therefore the group in the know was extremely small),” Butterfield wrote. “I’ve been in an on-site with my exec team all day, and we were all surprised too. In the candid message, Butterfield gave accolades to Taylor’s years of hard work at Salesforce and explained that his executive team was even caught off guard by the announcement. “No way to spin this as a good thing, so I’m not going to try that.” “I’m sad about the news of Bret’s departure from Salesforce,” Butterfield wrote. Stewart Butterfield, CEO of professional chat service Slack, described Taylor’s departure as a negative and unforeseen development in an internal message to employees viewed by Fortune.
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