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Salesforce names co-CEO

Salesforce.com Inc.'s board promoted Keith Block to co-CEO of the company.

Block, who most recently served as Salesforce's COO, will lead the company's growth strategy, execution and operations. Founder and co-CEO Marc Benioff will continue to be chairman of the board and will lead the company's vision and innovation in technology, marketing, stakeholder engagement and culture.

Salesforce said the co-CEO model will allow it to continue its growth at scale as it moves toward its target of $23 billion in revenue in 2022 and beyond.