Security tech chief quits Salesforce as list of top-table departures grows
- Reference: 1673529482
- News link: https://www.theregister.co.uk/2023/01/12/security_tech_chief_quits_salesforce/
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The pioneer of SSL is the second senior security person to exit Salesforce in recent months [1]after Mark Carter , executive vice president of security, headed for the door in a tumultuous period at the CRM slinger's top table.
In a [2]social media post , Elgamal said: "After 10 years of serving as the Security CTO at Salesforce, I decided to join [venture capital investors] Evolution Equity Partners as a general partner. I made many friendships at Salesforce over the last 10 years that I will always cherish."
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In a statement to the press, a Salesforce spokesperson said the company was "grateful" to Elgamal for his tenure and wished him well.
[4]
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According to his own LinkedIn profile, Elgamal received a lifetime achievement award from the RSA conference in 2009. Inventor of several industry and government standards in data security and digital signatures – including the DSS government standard for digital signatures – he claims to be the "father" of SSL.
Elgamal's departure comes at a difficult time for the 23-year-old SaaS company. Earlier this month, [6]it announced a 10 percent cut to its workforce , blaming over-expansion during the pandemic. The turnaround measures are set to cost between $1.4 billion to $2.1 billion.
[7]Salesforce to chop 10% of workforce in $1.4 billion restructuring blueprint
[8]MariaDB uses SPAC to begin NYSE trading in a tough market for public offerings
[9]Salesforce's new hires are less productive, says CEO Benioff
[10]Salesforce calls some workers back to the office amid slowing sales
The latest departure follows a number of senior figures who have quit Salesforce, which unwound its CEO job share arrangement. Co-CEO Bret Taylor said he would leave the company in January 2023 – leaving Marc Benioff occupying the one remaining big chair. Other execs departing include chief strategy officer Gavin Patterson, Slack founder and CEO Stewart Butterworth, and Tableau CEO Mark Nelson.
Salesforce: There's no more Slack left to cut [11]READ MORE
Following Salesforce's Q2 results, [12]CEO Marc Benioff said sales cycles were getting stretched as customers took a more measured approach to deals. Nonetheless, Q3 revenue hit $7.84 billion, up 14 percent year on year, and produced net income of $210 million – a drop from $468 million in 2021's corresponding quarter.
While Salesforce has blamed the pandemic for its recruitment miscalculation, others have cited its [13]acquisition strategy , which has seen it swallow Slack, Tableau and MuleSoft, as a reason for its current fiscal discomfort. ®
Get our [14]Tech Resources
[1] https://www.bloomberg.com/news/articles/2022-12-02/salesforce-loses-cybersecurity-executive-in-leadership-shuffle
[2] https://www.linkedin.com/in/taherelgamal/
[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offprem/saas&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2Y8A8s1eFiq6RTwSi2P-tMQAAAFU&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0
[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offprem/saas&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Y8A8s1eFiq6RTwSi2P-tMQAAAFU&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0
[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offprem/saas&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Y8A8s1eFiq6RTwSi2P-tMQAAAFU&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0
[6] https://www.theregister.com/2023/01/04/salesforce_7000_job_cuts/
[7] https://www.theregister.com/2023/01/04/salesforce_7000_job_cuts/
[8] https://www.theregister.com/2022/12/21/mariadb_uses_spac_to_begin/
[9] https://www.theregister.com/2022/12/19/salesforce_new_hires_less_productive_claims_benioff/
[10] https://www.theregister.com/2022/12/02/salesforce_office_worker_return/
[11] https://www.theregister.com/2023/01/10/salesforce_comment/
[12] https://www.theregister.com/2022/08/25/salesforce_q2/
[13] https://www.theregister.com/2023/01/10/salesforce_comment/
[14] https://whitepapers.theregister.com/
Two security exec's depart in short order....
So what do they know we don't ?