DocuSign on Thursday said its board hired Allan Thygesen as its new chief executive. The electronic-signature platform said Thygesen would take the helm and assume a role on its board of directors on Oct. 10. He will replace Mary Agnes "Maggie" Wilderotter as CEO. Wilderotter will stay on as chairman of DocuSign's board. Thygesen will join the company from Alphabet's Google, where he worked as president, Americas & global partners and led the search giant's ad business in North and South America. Wilderotter, in a statement, noted Thygesen's "deep experience in e-commerce" and business digitization, as well as DocuSign's moves to expand its executive team. Thygesen also held a previous role at Google, as well as at The Carlyle Group and Wink Communications. He has been on the board of RingCentral since October 2015, DocuSign said. DocuSign stock rose 3.2% after hours.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
