Salesforce enters settlement agreement with departing President Patterson; payment ~£1.6M

Salesforce, Inc.

Gavin Patterson will step down as President and Chief Strategy Officer effective Jan 31, 2023.
Settlement agreement signed Nov 21, 2022 includes general release and post-termination competitive restrictions.
Company will pay Patterson approx. £1.6M (~$1.9M) including salary, bonus, termination payment, and insurance.

item 5.02

Executive movements

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Departed

Gavin Patterson

President and Chief Strategy Officer

CRM · Salesforce, Inc.

Effective: 2023-01-31
Filed: November 23, 2022, 6:59 PM ET

As previously announced, Gavin Patterson will step down from his position as President and Chief Strategy Officer of Salesforce, Inc. (the “Company”) and will depart the Company, effective January 31, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gavin Patterson departed as President and Chief Strategy Officer at Salesforce, Inc..

Action: step down
Role: President and Chief Strategy Officer

Exact text from the filing

As previously announced, Gavin Patterson will step down from his position as President and Chief Strategy Officer of Salesforce, Inc. (the “Company”) and will depart the Company, effective January 31, 2023.

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Salesforce, Inc. filing history →

Source: SEC EDGAR

accession 0001108524-22-000054

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