DocuSign's Keith Krach To Step Down As CEO But Retain Chairman Title: Report

DocuSign's Chairman and Chief Executive Keith Krach will step down as CEO of the electronic signature company and a search for a successor will begin immediately, Recode reported Friday, citing an internal memo. Krach will remain as chairman for another three years after the new CEO takes over. DocuSign raised around $300 million from investors including Deutsche Telekom, Dell and Intel Capital, reported the technology news website. The company has a valuation of $3 billion, according to The Wall Street Journal.