Why DocuSign Stock Is Moving After Hours

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.

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.”

See Also: Costco Stock Slides On Q4 Earnings: What You Need To Know

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.

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