DocuSign’s board of directors is undergoing a major shakeup as part of what the company calls a “planned transition” that includes the departure of Founder Tom Gonser and Chairman and former CEO Keith Krach.
Also departing are Jonathan Roberts, founder and partner of early DocuSign investor Ignition Partners; Scott Darling, president of Dell Technologies Capital, the corporate development and venture capital arm of Dell; and Rory O’Driscoll, partner at Scale Venture Partners, which is also a DocuSign investor.
Joining the board next month to replace the departed members will be Docker chairman and CEO Steve Singh, former GoDaddy CEO Blake Irving and IBM Watson GM Inhi Cho Suh.
Gonser and Krach will depart at the end of the year, while Roberts, Darling and O’Driscoll will step down at the end of August.
In a press release, DocuSign said the board moves are part of the transition to becoming a public company. In an SEC filing announcing the departures of the current board members, DocuSign wrote: “their decision to resign was not a result of any disagreement with us on any matter relating to our operations, policies or practices.”
DocuSign shares are down slightly in after-hours trading.
“I know that I speak for the entire company when I offer my sincerest thanks to Tom, Keith, Scott, Rory and Jonathan,” DocuSign CEO Daniel Springer said in a statement. “Each have helped write important chapters of the DocuSign story. For this we are all grateful, and I know they will remain close to the company.”