Latest news with #AmyWeaver
Associated Press
06-05-2025
- Business
- Associated Press
From Fortune 500 Executive to Global Humanitarian Leadership, Amy Weaver Takes the Helm as CEO of Direct Relief
SANTA BARBARA, Calif., May 5, 2025 – Amy Weaver today officially begins as Chief Executive Officer of Direct Relief, bringing a record of executive leadership and a deep humanitarian commitment to the organization as it scales its operations to aid people affected by poverty, disaster, and conflict worldwide. Weaver joins Direct Relief from Salesforce, where she served since 2020 as President and Chief Financial Officer. Over her nearly 12-year tenure at the Fortune 500 company, she also led the global legal and corporate affairs team as Chief Legal Officer and oversaw a wide range of functions, including Global Communications, Real Estate and Workplace Services, Corporate Development, Accessibility, Government Affairs, Audit, and Ethics & Compliance. She has also served on the boards of Habitat for Humanity International and McDonald's and previously held executive and legal positions at Univar Solutions and Expedia Group. 'Amy brings precisely the leadership strengths Direct Relief needs at this pivotal moment,' said Mark Linehan, Chair of the Board of Directors. 'She combines strategic thinking with operational discipline and has shown throughout her career that she's a deeply deliberate thinker who puts people first. Her experience managing complex, high-growth organizations, coupled with her commitment to humanitarian causes, makes her ideally suited to lead Direct Relief as it faces the accelerating scale of humanitarian challenges.' 'It's an extraordinary honor to lead Direct Relief—an organization widely trusted for its ability to deliver life-saving assistance with speed, precision, and compassion,' Weaver said. 'I'm excited to build on its remarkable legacy and help ensure that people facing the most urgent challenges—whether from disasters, poverty, or conflict—receive the care and support they need.' Weaver succeeds Thomas Tighe, who served as CEO of Direct Relief for 24 years and led the organization's expansion into the fifth-largest charity in the United States and one of the largest providers of charitable medications globally. Weaver's appointment also comes just days after Direct Relief was named the 2025 Seoul Peace Prize laureate —a global honor recognizing individuals and organizations that advance peace and human welfare. Dr. Byron Scott, who has served as CEO on an interim basis since January 2025, accepted the award on behalf of the organization at a ceremony in Seoul on April 28. 'This prize is a reminder that peace begins in the most fundamental way—in supporting the health and well-being of every person,' he said during his remarks. 'This is the peace we aim to foster every day.' Dr. Scott will now transition back into the role of Chief Operating Officer and President. 'Under Amy Weaver's leadership, I'm confident that Direct Relief will continue to expand its impact for people affected by increasingly severe disasters, ongoing conflict, and persistent barriers to healthcare,' Dr. Scott said. 'I look forward to working alongside her continue advancing the vital work of Direct Relief.' Visit 3BL Media to see more multimedia and stories from Direct Relief
Yahoo
27-02-2025
- Business
- Yahoo
Salesforce Gives Tepid Outlook While Touting AI Progress
(Bloomberg) -- Salesforce Inc. gave a fiscal-year revenue forecast that fell short of estimates, dimming optimism that the company's new artificial intelligence product would spur faster sales growth. The Trump Administration Takes Aim at Transportation Research Shelters Await Billions in Federal Money for Homelessness Providers NYC's Congestion Pricing Pulls In $48.6 Million in First Month New York's Congestion Pricing Plan Faces Another Legal Showdown NYC to Shut Migrant Center in Former Hotel as Crisis Eases Revenue will be $40.5 billion to $40.9 billion in the year ending January 2026, the San Francisco-based company said Wednesday in a statement. Analysts, on average, estimated $41.5 billion, according to data compiled by Bloomberg. Adjusted operating margin will be about 34% compared with an average analyst estimate of 33.9%. The top maker of customer management software has focused on pushing 'Agentforce,' which is meant to complete tasks such as customer service without needing direction from a person. Salesforce launched the product in October, and faces competition from software companies such as Microsoft Corp. and ServiceNow Inc., which are pursuing similar visions. The new product is expected to create a modest contribution to revenue in fiscal year 2026 and a 'more meaningful' contribution in the following year, Chief Financial Officer Amy Weaver said on a call with analysts after the results. Still, Salesforce said it already had 3,000 paying customers for Agentforce. Chief Executive Officer Marc Benioff touted that performance and cited its use by customers such as Pfizer Inc., Singapore Air, and the gym chain Equinox. The company also said that its business segment including Data Cloud and Agentforce hit $900 million in recurring revenue, more than doubling since the same period a year prior. While Salesforce's revenue guidance was slightly weaker than anticipated, the AI data points shared by the company were strong, wrote Raimo Lenschow, an analyst at Barclays. For the fiscal fourth quarter that ended Jan. 31, revenue rose 7.6% to $9.99 billion. It marked the third consecutive quarter of single-digit sales growth for the software company, which had long enjoyed quicker expansion. Remaining performance obligations, a measure of bookings, were $63.4 billion, exceeding estimates. Profit, excluding some items, was $2.78 per share, compared with an average estimate of $2.61. The shares slipped about 4% in extended trading after closing at $307.33 in New York. The stock had gained 2.3% over the past 12 months, trailing many software peers. Investors have flagged some uncertainty from changes in the company's rank of top executives. Weaver, the longtime CFO, and Chief Operating Officer Brian Millham are each leaving their roles. Robin Washington, a technology industry veteran who has been on Salesforce's board since 2013, will assume a newly created role of chief financial and operations officer. Chief Revenue Officer Miguel Milano will now lead the company's sales operations, Benioff said. Executives who lead technical departments, including Chief Technical Officer Steve Fisher and Srini Tallapragada, chief engineering and customer success officer, will also report directly to Benioff. Salesforce is developing a suite of products for the pharmaceutical industry to compete with former partner Veeva Systems Inc. Benioff said that Pfizer plans to use the new Life Sciences Cloud. Earlier this month, Salesforce cut more than 1,000 roles as it allocates spending toward AI-focused initiatives. It also awarded a $2.5 billion cloud contract to Alphabet Inc.'s Google, expanding infrastructure beyond its traditional partner of Inc.'s Amazon Web Services. (Updates with comments from CFO in the fourth paragraph.) Trump's SALT Tax Promise Hinges on an Obscure Loophole Warner Bros. Movie Heads Are Burning Cash, and Their Boss Is Losing Patience Walmart Wants to Be Something for Everyone in a Divided America China Learned to Embrace What the US Forgot: The Virtues of Creative Destruction Meet Seven of America's Top Personal Finance Influencers ©2025 Bloomberg L.P. Sign in to access your portfolio
