DocuSign Inc (NASDAQ:DOCU) shares are volatile in Thursday’s after-hours session after the company announced that it had selected Allan Thygesen as its new Chief Executive.
Thygesen will assume the strategic leadership of the company and a role on DocuSign’s board, effective Oct. 10. Interim CEO Mary Agnes Wilderotter will conclude her role but will help Thygesen with a smooth transition. Wilderotter will continue serving as chairman of DocuSign’s board.
Thygesen previously served as president of the Americas & Global Partners at Alphabet Inc (NASDAQ:GOOG).
“During this time of accelerated digital transformation at companies large and small, there is no better person to lead DocuSign than Allan Thygesen,” said Wilderotter.
“He is a customer-focused innovator with deep experience in e-commerce, the digitalization of business, and leading high-growth scale organizations.”
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DOCU Price Action: DocuSign has a 52-week high of $157.37 and a 52-week low of $53.25.
The stock was up 0.65% in after-hours at $54.35 at the time of publication.
Photo: courtesy of DocuSign.