Splunk stock on track for worst day in almost a year after CEO exit

2 years ago 261

Published: Nov. 15, 2021 astatine 11:58 a.m. ET

Analyst says CEO modulation shouldn’t beryllium a ‘complete astonishment to investors’

Shares of Splunk Inc. are plunging Monday aft the bundle institution announced that its main enforcement has stepped down.

Graham Smith, the seat of Splunk’s SPLK committee and a erstwhile Salesforce.com Inc. CRM main fiscal officer, volition determination into the relation of interim main enforcement “effective immediately.” He replaces Doug Merritt, who served arsenic Splunk’s president and CEO for six years.

“We...

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