Tableau Software's is giving new CEO Adam Selipsky $2 million in cash and millions in stock options to join the data-visualization company, Security and Exchange Commission documents show.
Selipsky, who joined Tableau in September, got a $1 million signing bonus, $500,000 in base salary and up to $500,000 in annual performance bonuses. He was also granted $14 million in restricted class A stock with an option to purchase 75,000 shares.
Tableau board member John McAdam -- who has served as president and CEO of F5 since 2000 -- sent Selipsky the employment agreement in August.
Selipsky is only the second CEO to lead Tableau since the business analytics company was founded in 2003. Selipsky replaces co-founder Christian Chabot, who oversaw the expansion of operations to include more than 46,000 customer accounts, 3,200 employees and 16 offices worldwide.
He took Amazon Web Services from a pre-revenue, 10-person startup to a $10 billion first-mover in the cloud-computing space. As Tableau prepares to scale up operations to reach hundreds of thousands of customer accounts, Selipsky’s expertise at AWS will accelerate the transition into the cloud.
Seattle-based Tableau (NYSE: DATA), which creates software to convert data into visual elements for easier interpretation, is competing with Microsoft’s Power BI and smaller companies including Qlik. Power BI, released July 2015, offers lower prices than Tableau. The industry is worth $2.4 billion annually, according to Gartner.
