Salesforce.com CFO retiring in March 2015; will help with replacement search

Salesforce.com CFO retiring in March 2015; will help with replacement search

Summary: After joining Salesforce in 2007, Smith has been CFO since March 2008.

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This time next year, expect to see an executive shuffle at Salesforce.com.

The CRM giant announced amid fourth quarter earnings results published on Thursday that chief financial officer Graham Smith will be retiring in March 2015.

Smith will be helping the San Francisco-headquartered company search for a new CFO as well as through the transition period when the new hire has been appointed.

After joining Salesforce in 2007, Smith has been CFO since March 2008.

CEO Marc Benioff concluded his opening remarks during the shareholders conference call by thanking Smith for his contribution to the company over the last six years, describing him as a "phenomenal CFO."

Smith posited that 2015 will be "a fantastic year" to finish his tenure at Salesforce.

That is partly because Salesforce announced it would be raising the full fiscal year 2015 revenue guidance by $100 million to $5.25 billion to $5.3 billion, a growth range of 29 to 30 percent.

"I'm sure the next decade will see Salesforce.com grow to be one of the largest software companies in the world," Smith remarked.

In regards to the near-term future, Benioff had plenty more to boast about during the quarterly call, commencing by touting Fortune had named Salesforce.com as the most-admired software company worldwide for the second year in a row.

Benioff also noted that Salesforce significantly grew the number of large corporate deals during the fourth quarter of fiscal 2014 compared to the same time the prior year. He cited that more than 200 transactions during the quarter that were seven figures, with more than 10 eight-figure transactions to boot.

All-in-all, Benioff described these results as "incredible" for a software company in the CRM space and unseen by any of its peers in the market.

Topics: Cloud, Apps, Enterprise Software, Salesforce.com, Enterprise 2.0

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