Slack CEO Stewart Butterfield leaving company January 2023

Slack Chief Executive Officer Stewart Butterfield plans to go away the office messaging platform in January, father or mother firm Salesforce Inc stated on Monday.

Lidiane Jones, who’s the senior vice-president of product administration for Salesforce Commerce Cloud, will take over as CEO of Slack, an organization spokesperson stated.

Business Insider had first reported the news earlier within the day.

Shares in Salesforce, a part of the Dow Jones Industrial Average, slumped about 4%.

Salesforce had acquired Slack final 12 months in a virtually $28 billion deal following an enormous guess that Slack’s office app will grow to be in style for collaborations inside and between firms.

Last week, Salesforce inventory tumbled after co-CEO Bret Taylor’s sudden exit caught Wall Street off guard and raised issues in regards to the advantage in having two leaders.