Big news for $DATA After Hours. This should assist the calls I picked up on Wednesday.
If you enjoy the content at iBankCoin, please follow us on TwitterTableau Appoints Adam Selipsky As New CEO
Christian Chabot remains Chairman of the Board
PR Newswire
SEATTLE, Aug. 22, 2016
SEATTLE, Aug. 22, 2016 /PRNewswire/ — Tableau Software, Inc. (NYSE: DATA), the global leader in visual analytics, today announced that it has appointed Adam Selipsky as president and chief executive officer effective September 16. Christian Chabot, Tableau’s co-founder and current CEO, will continue to serve as chairman of Tableau’s board of directors.
“Adam is going to take Tableau to the next level,” said Chabot. “His experience in making AWS the world’s leading cloud platform, his passion for servicing customers at a global scale, and his authentic team player attitude make him an extraordinary fit for Tableau.” Continued Chabot, “He is the right person to lead Tableau to the next stage of growth.”
Adam Selipsky has spent over a decade building Amazon Web Services, one of the most successful technology platforms in the world. His leadership helped grow AWS from a start-up into a multi-billion dollar business and establish it as the undisputed market leader in cloud computing. Selipsky currently serves as Vice President of Marketing, Sales and Support for AWS. Prior to joining Amazon, he was an executive at RealNetworks, leading the video subscription and media player division. Before that, he was a Principal at Mercer Management Consulting, a strategy consulting firm. He holds an A.B. in Government and an MBA from Harvard University.
“I’m incredibly excited to join the Tableau team,” said Selipsky. “Tableau has that rare combination of a passionate customer base, leading products, amazingly talented people, dedication to technology innovation, and momentum in the market. The company is positioned to become the new world standard in analytics. I’m honored to join the leadership team and all the great people that have fueled Tableau’s disruption of business analytics. As we add capabilities for our customers, deepen our enterprise presence, and expand into the cloud, our mission remains unchanged — to help people see and understand their data.”
John McAdam, lead independent director and chair of the nominating and governance committee of Tableau’s board of directors stated, “Tableau has pioneered a new age in data analytics by dramatically reducing the complexity needed for customers to truly make use of their data. Bringing Adam on board will lead Tableau into the next stage of growth.”
Christian Chabot will remain actively involved in the company as chairman of the board of directors. He will continue to assist the company with long-term strategy and customer evangelism. Chabot served as Tableau’s CEO for 14 years and helped grow the company into a technology pioneer with over 46,000 customer accounts. “We’re just getting started in our journey,” Chabot added, “Tableau has the capability to become the standard for how people work with data, and in doing so to grow into a globally recognized technology brand. With the company’s scale and success to date, we have the opportunity to broaden our leadership team as we continue to delight customers and to build the company.”
Additionally, Tableau is bolstering its technology leadership. Chris Stolte, Tableau’s co-founder and Chief Development Officer, will transition to Technical Advisor and Andrew Beers will take the leadership of the product development team as Chief Development Officer. Francois Ajenstat, one of the company’s long-time product leaders, will be elevated to a new position as Chief Product Officer, reporting to Beers.
“Andrew has been with Tableau from the very beginning as one of our first developers. He’s been instrumental in leading our engineering team to build the best analytics platform in the world. I look forward to continuing to partnering with Andrew as we build the next phase of our company,” said Stolte.
“Tableau is a transformational technology company,” commented Brooke Seawell, Tableau board member. “We are thrilled to have Adam as our CEO. The next five years are going to be extraordinary for the company, and I have no doubt that the greatest impact of Tableau on the world is yet to come.”
In conjunction with this announcement, Tableau will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) today with Christian Chabot. A live audio webcast and replay of the call, will be available in the Investor Relations section of Tableau’s website at http://investors.tableau.com. The live call can be accessed by dialing (877) 201-0168 (U.S.) or (647) 788-4901 (outside the U.S.) and referencing passcode 69849807. A replay of the call can also be accessed by dialing (855) 859-2056 (U.S.) or (404) 537-3406 (outside the U.S.), and referencing passcode 69849807.
My first thought when I initially read that press release was “who would be in a better position to judge the future potential of a cloud-based analytics software company than an exec at AWS”? Seems like a fairly strong endorsement of their future prospects.
seriously tho, who is leaking you the information OA 😛
Spot on again
Nice to wake up to the bump. I called out this wedge a week ago and happily will take the good fortune of yesterday’s news.
lol. It was on my watchlist before yours.
Either way.. good for us.
I cannot emphasize the challenge of re-entering position. Let your winners run boys.
No Dips for You!
Drunken sailor contrarian idea of the week: you buy things you know you want on $amzn, you buy things because you feel like you have extra money at the mall. Long the mall, short $amzn.
Who goes to malls when one can get anything delivered in one or two days at no charge and free returns?
People with time to waste, the belief that they have extra money to burn, but no idea what they want. I think it’s going to be a thing in the next little while. Crappy retailers exceeding expectations are starting to show it already.
Under-invested bulls returning from the Hamptons will chase the SOX index to 900 in short order. July Book to Bill release 6PM —
Keep an eye on DLPH. More room to run.
Neutral initiations across the board on $TLND this morning. Every now and then, they make it almost too easy.
Restaurant stocks will be beneficiaries of lower gas prices. Stocks offer significant upside from here with very manageable risk:reward. . My preference is for the newer burger names HABT & SHAK