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 endorse or review brands mentioned; does not and can not investigate relationships with brands, products, and people mentioned and is up to the author to disclose. VIP Contributors and Contributors, amongst other accounts and articles, are professional fee-based.