CEO Change at DocuSign

Keith Krach, chairman of Seattle electronic-signature company DocuSign, is also taking over chief executive duties. He replaces Steve King, who was named CEO in January 2010. Founder Tom Gonser is quoted in the company’s press release praising King, and King is on record praising Krach. The company didn’t give explicit reasons for the change, but noted that Krach took previous company Ariba public and would help DocuSign navigate higher growth. The company has raised in the neighborhood of $60 million over its lifespan, including a $27 million round in December 2010.

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