Salesforce Promotes Miguel Milano to COO as Shares Fall 27% in 2026
Updated
Updated · CNBC · Aug 5
Salesforce Promotes Miguel Milano to COO as Shares Fall 27% in 2026
1 articles · Updated · CNBC · Aug 5
Summary
Miguel Milano, who rejoined Salesforce in 2023 as chief revenue officer, was promoted to chief operating officer under CEO Marc Benioff in a move announced Wednesday.
The reshuffle broadens Salesforce's leadership bench after past co-CEO experiments ended with the departures of Keith Block and Bret Taylor, while Robin Washington keeps her chief operating and financial officer title.
Srini Tallapragada is leaving after 14 years, and Rohan Kumar, who joined from Microsoft in June, will become chief platform and engineering officer; Alexa Vignone adds the revenue chief title.
Salesforce is making the changes as its stock has dropped 27% this year and another 4% after hours Wednesday, with software shares pressured by fears AI could disrupt cloud vendors.
The company is betting on Agentforce to counter that pressure: revenue growth has accelerated this year, and annualized revenue from the AI service topped $1 billion in May.
With massive layoffs funding new AI-native hires, will Marc Benioff’s aggressive restructuring secure Salesforce’s future or alienate its core enterprise base?
As Slack transforms into an autonomous AI hub, will ex-Microsoft executives be the key to reversing Salesforce's massive stock plunge?