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Salesforce co-CEO exit doesn't change the business -CIO

STORY: Shares of Salesforce Inc slid more than 10% on Thursday after the company announced that Bret Taylor would step down as co-chief executive officer in January and that co-founder Marc Benioff will become the sole CEO.

"I don't think this changes the business dramatically," said Demmert, adding that Salesforce is "one of the better companies."

Taylor, who previously served as chief operating officer and chief product officer of Salesforce, became the co-CEO in November 2021.

He was a key driving force behind Salesforce's $27.7 billion takeover of workspace messaging platform Slack Technologies.

"After a lot of reflection, I've decided to return to my entrepreneurial roots," Taylor said.