The company said Brent Bowman's tenure as Chief Financial Officer (CFO) and Principal Financial Officer (PFO) will end as of the close of business on April 1, 2024, under a mutual agreement reached on March 28, 2024. It said Tim Cabral, a board member who served as CFO from 2010 to 2020, will serve as interim CFO and PFO until a replacement is named.

1. 01

   The company said Brent Bowman's tenure as Chief Financial Officer (CFO) and Principal Financial Officer (PFO) will end as of the close of business on April 1, 2024, under a mutual agreement reached on March 28, 2024. It said Tim Cabral, a board member who served as CFO from 2010 to 2020, will serve as interim CFO and PFO until a replacement is named.

2. 02

   The company said Bowman will remain an employee for 3 months to ensure a smooth transition. It also said his equity grant, consisting of 10,000 RSUs and 20,000 stock options, was scheduled to vest on April 1, 2026, and that 9/16th of the RSUs and options will vest on July 1, 2024. The company said the change is not the result of any misconduct, any disagreements with Bowman over Veeva's financial results or accounting principles, practices and controls, or any issues related to its operations, policies or practices.

3. 03

   Veeva said E. Nitsa Zuppas will serve as President and Chief of Staff effective April 1, 2024, and Stacey Epstein will take over the Chief Marketing Officer role formerly held by Zuppas. The company also said Tom Schwenger, formerly President and Chief Operating Officer, will serve as President and Chief Customer Officer, leading its sales and services organizations as of the same date, and that Alan Mateo will retire on April 30, 2024.

4. 04

   Veeva reiterated the guidance it provided on February 29, 2024. The company said its total revenue for the quarter ending April 30, 2024 is expected to be $640 to 643 million, and its non-GAAP operating income $245 to 247 million. For the fiscal year ending January 31, 2025, it said total revenue is expected to be $2,725 to 2,740 million, and non-GAAP operating income about $1,070 million.

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Original filing

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