Business analytics software developer Tableau Software has tapped former Amazon Web Services executive Adam Selipsky to be the company's new president and CEO effective Sept. 16, the company said Monday.
Selipsky is taking over for Christian Chabot, Tableau co-founder and current CEO, who will continue to serve as the chairman of the company's board of directors.
The move comes with the company, widely perceived as one of the leaders among next-generation business analytics software providers, growing at a rapid pace. It also comes on the heels of the introduction of Tableau 10, the latest edition of the company's visual analytics software that allows users to analyze, visualize and share data.
"Adam is going to take Tableau to the next level," Chabot said in a statement. "His experience in making AWS the world’s leading cloud platform, his passion for servicing customers at a global scale, and his authentic team-player attitude make him an extraordinary fit for Tableau. He is the right person to lead Tableau to the next stage of growth."
Seattle-based Tableau reported sales of $370.2 million for the first six months of 2016, up 32 percent from $280.0 million in the first half of 2015. But the company remains unprofitable, recording a $93.1 million loss for the first six months of this year compared to a net loss of $29.0 million in the first half of 2015.
The company is also facing increasing competition from Qlik and other suppliers of data visualization and analysis tools, as well as from established vendors like Microsoft.
Between Dec. 31, 2015 and Aug. 22 the company's stock declined 42 percent from $94.22 to $54.87. Tuesday morning the stock jumped nearly 11 percent on news of the management change.
Selipsky has been with Seattle-based Amazon Web Services for more than 10 years and, as vice president of marketing, sales and support for the Amazon business unit, has played a key role in the cloud service provider's explosive growth.
"Tableau has that rare combination of a passionate customer base, leading products, amazingly talented people, dedication to technology innovation, and momentum in the market," Selipsky said in a statement. "The company is positioned to become the new world standard in analytics. I’m honored to join the leadership team and all the great people that have fueled Tableau’s disruption of business analytics."
Chabot will continue to assist the company with long-term strategy planning and customer outreach, according to the company.