On June 25, 2024, DocuSign, Inc. announced leadership changes with the departure of Steve Shute, President of Worldwide Field Operations, effective August 11, 2024. Shute's departure, not due to any disagreement with the company, will see him receive severance benefits as per the terms of his Severance Agreement. These benefits include a cash severance of $550,000, an equal amount for his on-target bonus, COBRA coverage for up to 12 months, and vesting acceleration of his equity awards. Shute is also eligible for prorated vesting in performance-based restricted stock units if performance goals are met. Concurrently, DocuSign announced the appointment of Paula Hansen as President and Chief Revenue Officer, starting August 5, 2024. Hansen, with a robust background including roles at Alteryx, Inc., SAP Customer Experience...Show More

On June 25, 2024, DocuSign, Inc. announced leadership changes with the departure of Steve Shute, President of Worldwide Field Operations, effective August 11, 2024. Shute's departure, not due to any disagreement with the company, will see him receive severance benefits as per the terms of his Severance Agreement. These benefits include a cash severance of $550,000, an equal amount for his on-target bonus, COBRA coverage for up to 12 months, and vesting acceleration of his equity awards. Shute is also eligible for prorated vesting in performance-based restricted stock units if performance goals are met. Concurrently, DocuSign announced the appointment of Paula Hansen as President and Chief Revenue Officer, starting August 5, 2024. Hansen, with a robust background including roles at Alteryx, Inc., SAP Customer Experience, and Cisco Systems, brings extensive experience to the role. Her compensation includes a $550,000 annual base salary, potential for an equal annual bonus, a $4 million signing bonus, and substantial equity awards. The company has also entered into a severance agreement with Hansen, detailing severance pay and benefits in case of termination. These executive changes come as DocuSign completes its senior leadership team to drive growth through its new SaaS category: Intelligent Agreement Management.