DocuSign is one of Sillicon Valley's hottest startups and is valued at $3 billion. he company provides electronic signature
technology and digital transaction management services. And the company doesn't have a Chief Executive Office calling the
shots.
DocuSign quickly grew in size given its quick and secure way to sign a document electronically without the need to print a
document; sign it only to then scan it.
According to Bloomberg,
DocuSign has been without a CEO after Keith Krach resigned from the company's top ranks last October. He has been running the
company since 2011 and oversaw several financing rounds and more than $500 million in total financing.
Krach's resignation was due to his decision to go against pressure from large investors who demanded DocuSign either go public
or sell itself.
Related Link: 4 Effective
Portfolio Management Tips
An unnamed successor was found earlier this year, but the person backed out of the last minute and chose to work at "another
company with unlimited resources."
Bloomberg identified the individual as Rick Osterloh who accepted a job at Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) as senior vice president of hardware.
Bloomberg also suggested Enrique Salem, managing director of Bain Capital Ventures is in the running to be DocuSign's next
CEO.
A decision is expected to be made next month, which should end the search process that has taken more than twice as long as it
should to place a CEO at a private tech company.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.