Current President, CEO and Chairman of the Board, Frank Slootman to
Remain as Chairman
SANTA CLARA, Calif.--(BUSINESS WIRE)--Feb. 27, 2017--
ServiceNow (NYSE:NOW), the enterprise cloud company, today announced
that its Board of Directors has named John Donahoe President and CEO.
Donahoe was formerly President and Chief Executive Officer of eBay Inc.
Current President, CEO and Chairman of the Board, Frank Slootman will
continue as Chairman upon stepping down from his management role on
April 3, 2017.
“John is a highly capable and proven CEO, uniquely suited to lead
ServiceNow in its next phase of growth and we are thrilled that the
Board’s search for my successor has resulted in John joining the
Company,” said Mr. Slootman who has led ServiceNow for the past six
years. “John’s extensive track record of creating value, driving
innovation and scaling a large technology organization will be critical
as we continue to move ServiceNow up the enterprise value chain. Our
goal going forward is to not just serve the IT executive ably, but to
help CEOs solve their most pressing issues, and there is nobody better
to help us get there than John.”
Mr. Donahoe has over 30 years of management experience. During his
tenure as CEO of eBay, revenues more than doubled to $18 billion, and
eBay’s market value increased 250% to $80 billion. Prior to joining eBay
in 2005, Mr. Donahoe spent more than 20 years at Bain & Company, a
leading worldwide consulting firm. He began his career at Bain & Company
and eventually rose to become Chief Executive Officer.
“I am honored to lead ServiceNow,” said Mr. Donahoe. “Frank has done a
tremendous job building the Company into the fastest growing enterprise
software company in the world. ServiceNow is extremely well positioned
to expand its leadership in the years ahead. Working alongside Frank and
the Board, the management team and I intend to capitalize on our
opportunities to drive growth and create value for our customers,
partners, shareholders and employees.”
Mr. Slootman added, “It has been a privilege to lead ServiceNow as CEO
for the past six years – I am proud of our talented team and all that we
have achieved together. With a strong global network of customers and
partners, expansive offering of cloud-based enterprise services, and
over $1 billion in revenue, I am confident that we are making this
transition from a position of strength. I look forward to continuing to
serve as Chairman and supporting John as he takes the Company into its
next phase of growth and success.”
Mr. Donahoe currently serves as Chairman of the Board at PayPal, the
leading digital payments company. He served as President and CEO of eBay
Inc. from 2008 to 2015, where he oversaw the eBay, PayPal and eBay
Enterprise businesses. eBay and PayPal were early innovators in mobile
commerce and payments, enabling almost 20% of global digital commerce.
He received a Bachelor of Arts in Economics from Dartmouth College and
an MBA from the Stanford Graduate School of Business. He serves on the
Board of Directors for PayPal, Nike and Intel Corp. Additionally, Mr.
Donahoe serves on the Board of The Bridgespan Group, a nonprofit advisor
and resource for mission-driven organizations and philanthropists.
Mr. Donahoe and Mr. Slootman will present at the Morgan Stanley
Technology, Media and Telecom Conference in San Francisco on Wednesday,
March 1 at 8:00 am PT. Individuals may access the live webcast of the
The webcast will be accessible in the investor relations section of the
ServiceNow website at http://investors.servicenow.com
and be archived on the ServiceNow site for a period of 30 days.
ServiceNow is changing the way people work. With a service orientation
toward the activities, tasks and processes that make up day to day work
life, we help the modern enterprise operate faster and be more scalable
than ever before. Customers use our service model to define, structure
and automate the flow of work, removing dependencies on email and
spreadsheets to transform the delivery and management of services for
the enterprise. ServiceNow enables service management for every
department in the enterprise including IT, human resources, facilities,
field service and more. We deliver a ‘lights out, light speed’
experience through our enterprise cloud – built to manage everything as
a service. To find out how, visit www.servicenow.com.
ServiceNow, the ServiceNow logo, and other ServiceNow marks are
trademarks and /or registered trademarks of ServiceNow, Inc., in the
United States and/or other countries. Other company and product names
may be trademarks of the respective companies with which they are
View source version on businesswire.com: http://www.businesswire.com/news/home/20170227005750/en/
Paul Kranhold / Meghan Gavigan, 415-618-8750
Verbinnen & Co.