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Salesforce co-CEO Bret Taylor will step down from the role on Jan. 31, leaving co-founder Marc Benioff as the sole chief executive of the software giant.
Why it matters: Taylor was promoted to the role just a year ago from his roles as president and chief operating officer. He's also the second co-CEO to depart, after Keith Block held the job from 2018 to early 2020.
What they're saying: "After a lot of reflection, I've decided to return to my entrepreneurial roots," Taylor said as part of Salesforce's official announcement.
Between the lines: Taylor had been seen as a likely successor to Benioff, who founded the company in 1999. Taylor joined as part of Salesforce's acquisition of his startup, Quip, in 2016.
- Taylor was also the chairman of Twitter's board until Elon Musk completed his acquisition of the social media company just over a month ago.