In a strange move, Salesforce's former CFO just retracted his retirement
On Wednesday, Salesforce filed a form with the SEC stating, "Mr. Smith would continue his employment with the Company beyond March 31, 2015, his previously anticipated retirement date."
It doesn't explain why Smith decided to retract or delay his retirement or exactly what role he will be playing within Salesforce moving forward.
The 8K does state, however, that Smith will be an executive vice president advising its CEO Marc Benioff on projects "reasonably assigned to him by the CEO, including projects on behalf of the Company involving the Salesforce Foundation." He's now listed on Salesforce's leadership team as Executive VP of Finance.
Smith announced his retirement during Salesforce's earnings call in February of last year. He had served as CFO since March 2008, and said during the call that he would retire on March 31, 2015.
Shortly after the announcement, the company revealed to the SEC that it didn't have the "financial controls" in place to know exactly how much money it generates from particular products.
Smith was replaced by current CFO Mark Hawkins in August 2014. Salesforce declined to comment on this story.
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