Earlier this year, Tableau Software Inc.’s stock tumbled after a sluggish sales outlook. Well, the data-visualization company has just announced that they hired Adam Selipsky, 49, as their new president and chief executive.
Selipsky is a former Amazon.com Inc. executive, running sales and marketing at Amazon Web Services. Selipsky will succeed Christian Chabot, the co-founder of the Seattle-based company and its current CEO. Chabot, 44, will stay on as chairman of Tableau’s board. To date, Tableau’s shares are down 42%. In February, it fell by almost half when the company reduced its projected revenue for the year.
Brent Thill, an analyst with UBS Group AG, praised Tableau’s technology but stated the company had a difficult time closing large and complex deals with large corporations. Thill went on to say, “Who’s the darling in tech? It’s AWS and Tableau just hired a top guy from them.” On Monday, Tableau shares rose 6% to $58.01. Selipsky had worked at AWS for over a decade before leaving his post earlier this month.Opinions expressed here are the opinions of the author. Influencive does not endrose or review brands mentioned.