Veeva Systems is trading 4.3% down at $240 after announcing that President and Chief Customer Officer Thomas Schwenger will resign effective October 2, 2026.
- Dan Rizzo will succeed him as EVP of Sales, Consulting, and Services.
- Schwenger is leaving to become CEO of a long-standing Veeva partner, creating leadership-transition uncertainty ahead of Veeva’s August 26 earnings release.
- Broader weakness also pressured technology shares as major indexes fell.