Seasoned Google Executive Named to Lead DocuSign’s Next Chapter of Growth
SAN FRANCISCO, September 22, 2022 /PRNewswire/ — DocuSign (NASDAQ:DOCU) today announced that the company’s board of directors has hired Allan Thygesen as general manager. Allan will assume strategic leadership of the business and a role on the DocuSign Board of Directors, beginning in October 10. Mary Agnes “Maggie” Wilderotter will end her role as interim CEO with this appointment and will help Allan make a smooth transition. She will continue as Chair of the DocuSign Board of Directors.
Allan joins DocuSign from Google where he served as President, Americas and Global Partners, leading over $100 billion advertising in the North and South America. Prior to this role, he served as President of Google Marketing Solutions, overseeing the global mid-market and small advertiser business, which serves millions of customers worldwide.
“In this time of accelerated digital transformation in businesses large and small, there is no better person to lead DocuSign than Allan Thygesen,” said Maggie Wilderotter. “He is a customer-focused innovator with deep experience in e-commerce, business digitization and high-growth organizations ahead.”
Wilderotter added, “During the past quarter, DocuSign made significant progress in expanding its leadership team, improving its product roadmap and focusing on delivering sustainable and profitable growth at scale; all of which set the stage for our next CEO. »
“DocuSign has long provided the most trusted, fully integrated platform for digital deals, and I’m honored to lead the company into its next big chapter,” said Allan Thygesen. “We have a $50 billion a largely untapped global market opportunity. I look forward to working with our world-class team to seize this opportunity by expanding our diverse customer base across all industries and geographies.”
“On behalf of the Board of Directors, we are pleased to announce Allan Thygesen we will join as CEO and Director,” said Pierre Solvik, Independent Lead Director and Chairman of the Search and Nominating and Corporate Governance Committees. “We believe Allan is the right leader to continue the momentum of DocuSign.”
Before joining Google in 2010, Allan Thygesen was Managing Director and Partner of the Carlyle Group’s US Venture and Growth Funds, where he led investments in startups in industries including e-commerce, enterprise software and more. Previously, Allan was a senior executive at several public and private companies, including Wink Communications, Inc., an interactive television technology company. Allan has served on the Board of Directors of RingCentral, Inc. since October 2015 and was a lecturer at from Stanford Business School from 2014 to 2021. He obtained a master’s degree in economics from University of Copenhagen and an MBA from the Stanford Graduate School of Business, where he earned his Arjay Miller learned.
DocuSign helps organizations connect and automate how they navigate their agreement systems. As part of its industry-leading product line, DocuSign offers eSignature, the world’s #1 way to electronically sign on virtually any device, from almost anywhere, anytime. Today, more than one million customers and over one billion users in more than 180 countries use the DocuSign platform to speed up the process of doing business and simplify people’s lives.
Copyright 2022. DocuSign, Inc. is the owner of DOCUSIGN® and all of its other marks (www.docusign.com/IP).
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These risks and uncertainties include, among others, risks relating to our ability to hire, retain and motivate qualified personnel, including senior management; our ability to successfully manage and integrate senior management transitions; our expectations regarding the impact of the COVID-19 pandemic, including the easing of related regulations and measures as the pandemic and its related effects begin to abate or have abated, on our business, results and operations, our financial condition and our future profitability and growth; our expectations regarding the impact of the evolution of the COVID-19 pandemic on the businesses of our customers, partners and suppliers, and on the economy, as well as the macro and micro effects of the pandemic and the different levels of demand for our products as our customers’ priorities, resources, financial requirements and business prospects change; global macroeconomic conditions, including the effects of inflation, rising interest rates and market volatility on the global economy; our ability to estimate the size of our total addressable market and the development of the market for our products, which is new and evolving; our ability to maintain and effectively manage our future growth and expenses, achieve and maintain future profitability, attract new customers, and maintain and grow our existing customer base; our ability to evolve and update our platform to meet customer needs and rapid technological change; the effects of increased competition in our market and our ability to compete effectively; our ability to expand use cases within existing customers and vertical solutions; our ability to expand our operations and increase adoption of our platform internationally; our ability to strengthen and foster our relationships with developers; our ability to grow our direct sales force, customer success team and strategic partnerships around the world; the impact of any data breaches, cyberattacks or other malicious activity on our technology systems; our ability to identify targets and execute potential acquisitions; our ability to successfully integrate the businesses of businesses we may acquire and realize the anticipated benefits of such acquisitions; our ability to maintain, protect and enhance our brand; the sufficiency of our cash, cash equivalents and capital resources to meet our liquidity needs; limitations on us due to obligations we have under our credit facility or other indebtedness; our failure or the failure of our software to comply with applicable industry standards, laws and regulations; our ability to maintain, protect and improve our intellectual property; our ability to successfully defend litigation against us; our ability to attract large organizations as users; our ability to maintain our corporate culture; our ability to provide high quality customer support; our ability to estimate the size and potential growth of our target market; uncertainties regarding the impact of general economic and market conditions, including as a result of regional and global conflicts or related government sanctions; our ability to successfully implement and maintain new and existing information technology systems, including our ERP system; and our ability to maintain adequate and effective internal controls. Additional risks and uncertainties that could affect our financial results are included in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of our Annual Report on Form 10- K for the year ended January 31, 2022 filed on March 25, 2022our quarterly report on Form 10-Q for the quarter ended July 31, 2022 filed on September 8, 2022 with the Securities and Exchange Commission (the “SEC”) and other filings we make from time to time with the SEC. In addition, all forward-looking statements contained in this press release are based on assumptions that we believe are reasonable as of this date. Except as required by law, we undertake no obligation to update these forward-looking statements or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.