February 6th, 2009 by Joshua Weinberger

[NOTE: This post has been updated. The later version can be found here.]

Here’s the Reuters story that apparently broke the news.

Not much information to impart beyond the headline, as Salesforce.com has yet to make any official statement aside from its 8-K filing with the SEC.

In addition to President and Chief Strategy Officer Steve Cakebread’s departure (retroactively effective February 1) for what the filing lists as “personal reasons [that do] not involve any controversy or disagreement with the Company,” reports around the Web indicate that two Salesforce.com vice presidents have been let go.

One is being reported as Gary Hanna, executive vice president of enterprise sales. (His LinkedIn profile indicates he’d been at the company since 2006, and had been a senior vice president at Siebel Systems prior to that.) The other casualty — assuming there actually is one — so far remains a mystery.

Cakebread’s bio is already down from the Salesforce.com corporate site, but here’s the Google Cache version dated 2/2/09. Also, his LinkedIn page.

Here’s the Barron’s blog, with more detail on the terms of Cakebread’s severance, along with some analysts’ reactions. (As of 1pET, the company’s stock is down about 8 percent on the day.)

More as this develops.

j.

UPDATE, 02/06/09, 6.29p ET: Still no word on the 2nd casualty, but Kara Swisher’s AllThingsD has a brief report that includes a quote from an analyst’s report:

“While the company has been able to close deals, we believe the deals, in general, have been downsized and invoice duration has been shortened,” Cowen Co. analyst Peter Goldmacher wrote in a research note this week. “We know of no deals over 1,000 seats in the quarter.”

UPDATE, 02/06/09, 7.33p ET: Just took a snapshot of Steve Cakebread’s profile at Forbes, which is live at this moment, but the link is to the identical Google Cache version (cached 1/29/09), in case Forbes updates/deletes the content.

56 Years Old; Steve Cakebread has served as Chief Financial Officer since April 2002. From April 1997 to April 2002, Mr. Cakebread served as Senior Vice President and Chief Financial Officer for Autodesk, Inc., a software company. From 1992 to 1997, Mr. Cakebread served as Vice President of Finance for Silicon Graphics, Inc., a computer workstation company. Mr. Cakebread serves as a director of eHealth, Inc. and Solarwinds.net, Inc. Mr. Cakebread received a B.S. from the University of California at Berkeley and an M.B.A. from Indiana University. Effective March 6, 2008, Steve Cakebread will now serve as the Company’s President and Chief Strategy Officer.

[...] vice president of enterprise sales, and the possible layoff of another executive vice president. Josh’s story is here.  What this portends for Salesforce.com in the long term is up for debate, but it should put a [...]

Pingback by The Inside CRM Blog » Blog Archive » Salesforce.com sheds three execs — — February 6, 2009 @ 4:04 pm

[...] vice president of enterprise sales, and the possible layoff of another executive vice president. Josh’s story is here.  What this portends for Salesforce.com in the long term is up for debate, but it should put a [...]

Pingback by Salesforce.com sheds three execs - InsideCRM — — February 6, 2009 @ 4:25 pm

The other VP was Dave Orrico

Comment by anon — — February 7, 2009 @ 1:02 pm

[...] vice president of enterprise sales, and the possible layoff of another executive vice president. Josh’s story is here. What this portends for Salesforce.com in the long term is up for debate, but it should put a [...]

Pingback by Salesforce.com sheds three execs - Inside Microsoft CRM — — February 8, 2009 @ 7:19 am

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