Analyst Note| Dan Romanoff, CPA |
DocuSign announced Dan Springer is out as CEO of the company. He has been replaced by Chairman of the Board Maggie Wilderotter on an interim basis as the firm begins a search for a permanent CEO. Wilderotter has been on the board since March 2018 and previously served as the CEO of Frontier Communications from 2006 through 2015. While no time frame was provided, we would expect a new CEO to be named within approximately six months. Given her extensive leadership experience, we expect no issues with Wilderotter leading the company during this transitionary period.