Microvast Holdings announces departure of chief financial officer
SAN FRANCISCO - Docusign Inc. (NASDAQ: DOCU), a leader in e-signature and contract lifecycle management solutions with a market capitalization of $16.65 billion and impressive gross profit margins of 79%, announced today the appointment of Michael Adams as its new Group Vice President and Chief Information Security Officer (CISO). According to InvestingPro analysis, the company currently trades near its Fair Value. Adams, with a background spanning 30 years in security leadership, joins Docusign to enhance the company’s security measures as it expands its intelligent agreement management platform globally.
Adams’ appointment comes at a time when Docusign serves nearly 1.7 million customers and generates annual revenue of $2.98 billion, emphasizing the importance of robust security frameworks in the digital agreement industry. He is tasked with advancing the company’s data protection and compliance structures, a move that aligns with Docusign’s commitment to maintaining customer trust. InvestingPro data shows the company maintains a strong financial health score of 3.26, rated as "GREAT."
Prior to joining Docusign, Adams held the position of CISO at Zoom, where he led the company’s security programs. His experience also includes an executive role at Palantir, a partnership at an international law firm, and advisory roles to two Chairmen of the Joint Chiefs of Staff.
Allan Thygesen, CEO of Docusign, expressed confidence in Adams’ expertise, noting his track record in managing complex security operations and building high-performance teams. Thygesen also acknowledged the contributions of Kurt Sauer, the outgoing CISO, who has stepped down to pursue new opportunities after having been instrumental in establishing Docusign’s current security foundation.
Docusign’s platform is designed to unlock business-critical data trapped in documents, connecting them to systems of record and streamlining the agreement process. The company’s solutions are used by more than a billion people across over 180 countries.
The information regarding the change in Docusign’s security leadership is based on a press release statement. The company’s stock is traded on the NASDAQ under the ticker DOCU. For deeper insights into Docusign’s financial health and growth prospects, InvestingPro subscribers can access comprehensive analysis, including 12+ additional ProTips and a detailed Pro Research Report, part of the platform’s coverage of 1,400+ US equities.
In other recent news, Docusign announced the immediate resignation of Daniel Springer from its Board of Directors, effective April 24, 2025. The company clarified that Springer’s departure was a personal decision and not due to any disagreements regarding company operations. Meanwhile, JMP Securities has maintained a Market Outperform rating for Docusign, with a price target of $124, citing the company’s strong position in the e-signature market and potential growth in its Intelligent Agreement Management solutions. The analysts highlighted an improvement in Docusign’s net revenue retention rate to 101% in the fourth fiscal quarter. On the other hand, UBS has revised its price target for Docusign shares to $85 from $90, maintaining a Neutral rating due to macroeconomic factors and budget constraints expressed by customers. Despite the cautious outlook, UBS acknowledged Docusign’s 9% billings growth in the third quarter and a slight improvement in demand. However, the company’s initial revenue guidance for FY26 was set at a conservative 5%, down from the 8% growth rate reported for FY25. These developments reflect a mixed sentiment from analysts, with JMP expressing optimism and UBS adopting a more cautious stance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.