Keith J. Krach

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Keith J. Krach
Keith J Krach Headshot.jpg
Born (1957-04-01) April 1, 1957 (age 61)
Lakewood, Ohio
ResidenceSan Francisco, California
NationalityUnited States
Alma materPurdue University(BS)
Harvard University(MBA)
OccupationBusinessman
Known forCo-founder, Chairman and CEO of Ariba
Chairman and CEO of DocuSign
Chairman, Board of Trustees of Purdue University
Spouse(s)Metta Krach
Children5
Parent(s)John Krach
Elda Krach
Websitewww.keithkrach.com

Keith J. Krach (born April 1, 1957) is an American businessman, entrepreneur, and philanthropist. He is currently the chairman of DocuSign and served as CEO for 6 years.[1] Krach co-founded Ariba, serving as chairman and CEO,[2] and is recognized for his work in B2B Commerce.[3] Krach also served as chairman of the board of Angie’s List.[4] Krach has announced that his tenure with the DocuSign Board will end on January 1, 2019, after which he will focus on philanthropic and mentorship ventures.[5]

Early life and education[edit]

Krach was born in Lakewood, Ohio, to Elda and John Krach.[6] As a child, Krach worked in his father’s machine shop,[7] which inspired him to pursue a B.S. in industrial engineering from Purdue University[8] in 1979, on a General Motors scholarship. While there, he became a member of the Sigma Chi Fraternity. He subsequently received an M.B.A. from Harvard University Business School, in 1981, on a General Motors fellowship.[8]

Career[edit]

GM and other ventures[edit]

Krach began his career at General Motors where he worked at GM's Cadillac Division and Technical Center in Detroit, Michigan and the New York Treasurer’s Office under Rick Wagoner. He was named GM's youngest-ever vice president, at 26, in 1984.[9] He was one of the founders of GMF Robotics, a joint venture between GM and Fanuc Robotics,[2] which became the largest provider of industrial robots in the world.[10][2]

Krach left GM and took a job at startup software company, Qronos.[11] He joined Qronos as its number 2 executive in 1987 but left after nine months over what he called a conflict over values.[11]

In 1988 Krach became a member of the founding team of Rasna Corporation, a mechanical engineering design software company.[citation needed] In 1996, Krach was the first entrepreneur in residence at Benchmark Capital, and in 2008, he became Benchmark's CEO in residence.[12]

Ariba[edit]

From 1996 to 2003, Krach served as co-founder, chairman, and CEO of business-to-business e-commerce company Ariba.[13]

DocuSign[edit]

In 2009, Krach became the chairman and in 2011 the CEO of DocuSign, a technology company based in San Francisco and Seattle.[14] As CEO, Krach lead the creation of the Digital Transaction Management category and the building of the DocuSign Global Trust Network which comprises more than 320,000 companies and 300 million users.[15][16]

He led successful efforts to secure strategic investments and support from major companies.[17]

In January 2017, Krach named his successor as CEO of DocuSign, with his tenure as chairman ending in January 2019.[18] He received a 97% CEO rating on Glassdoor.[19][20]

Board memberships and other roles[edit]

From 2006 to 2009, Krach served on the board of directors of XOJet,[21] and from 2007 to 2011, on the board of Ooma.[22]

From 2005 to 2011, Krach served as CEO of 3Points, an investment holding company based in Los Gatos, California.[4]

Krach was appointed to the Purdue board of trustees in 2007 and served as board chairman from 2009 to 2013.[23] In 2012, he selected Mitch Daniels, the sitting governor of Indiana, to be the 12th president of the university.[24] Krach received an honorary doctorate in industrial engineering from Purdue University in 2018 in recognition for his accomplishments as an entrepreneur, early pioneer in robotics, and as chairman of the board of trustees.[25]

Additionally, Krach served as board chairman of Angie’s List from 2011 to 2014.[26]

Krach has taken on recent initiatives to accelerate “digital transformations” on a national and global front.[7] In 2017, he was named to the NYCx Technology Leadership Advisory Council, a diverse group of technology and community leaders selected by New York City’s Mayor, Bill de Blasio.[27][28]

Awards and recognition[edit]

In 1998, Krach was named a top 10 entrepreneur of the year by Red Herring Magazine.[8] In 2000, he received the Technology Pioneer award at the World Economic Forum, in Davos, Switzerland.[29] That same year, he was recognized as one of the top 10 tech execs by Forbes.[3] In 2000 and again in 2015, Krach was named National Entrepreneur of the Year by Ernst & Young.[30] Krach earned the Distinguished Engineer Alumni award from Purdue University in 2006,[8] and in 2012 received the Alumni Achievement award from the National College Senior Honor Society.[31] In 2014, Business Insider recognized him as one of the 50 most powerful people in enterprise tech,[32] and the following year, the San Francisco Business Times recognized him as the most admired CEO.[33] Krach was also awarded a Dell Founder 50 award in 2015.[34]

He also received an honorary doctorate from Ohio Northern University in 2015.[35]

In 2017, Krach was a featured speaker at the F50 Global Capital Summit, an event seeking to bring together global investors with Silicon Valley’s leading venture capitalists.[36] He was additionally a featured speaker at the 2018 Sales 3.0 Conference where he spoke about leadership.[37] In 2018, Krach was highlighted in Profile magazine with a feature detailing his business approach and strategies.[38]

Philanthropy[edit]

Through the Krach Family Foundation, he funded the Keith Krach leadership scholarship at Purdue University. It has been awarded to five students each year, since 2009.[39] In 2014, Purdue dedicated the Krach Leadership Center to him.[40]

Krach is the chairman of the DocuSign IMPACT Foundation, DocuSign’s philanthropic entity.[41] This nonprofit foundation provides a 1-for-1 match for DocuSign’s employees for nonprofit entities such as the Special Olympics, Team Rubicon, Techbridge Girls, Free The Children, and New Story.

Krach co-founded the Children’s Autistic Network and served on the board of governors for Opportunity International.[23][42]

Personal life[edit]

Krach lives in San Francisco, California. He is married to Metta Krach, former senior corporate counsel at Gap Inc., current member of the board of governors for the San Francisco Symphony,[43] and current member of the executive committee of the board of trustees for the Bay Area Discovery Museum.[44] They have five children.[14]

In 2015, Krach successfully caught a thief who had taken his iPhone from his hands. As he chased the thief, he was spotted by police officers, who eventually apprehended the thief. Upon confirming Krach's identity, they provided him with a “legal loophole,” which enabled him to recover his phone sooner, rather than having it impounded as evidence. Krach claimed the officers had recently used DocuSign and shared their positive experiences with him.[20]

References[edit]

  1. ^ The Electronic Signature Market Is Poised to Take Off: Gregg Kreizman, Gartner May 21, 2012
  2. ^ a b c Kim, Eugene (July 25, 2015). "This guy's last company sold for $4.3 billion — now he's back with a $3 billion startup that's replacing paper". Business Insider. Retrieved 11 August 2017.
  3. ^ a b DiCarlo, Lisa (December 7, 2000). "Top Tech Execs: Keith Krach". Forbes. Retrieved 11 August 2017.
  4. ^ a b Galer, Sara (April 27, 2011). "Angie's List announces Keith Krach as chairman of board". WTHR. Retrieved 11 August 2017.
  5. ^ Novet, John (July 11, 2018). "Almost half of DocuSign's board departs just months after IPO". CNBC. Retrieved 5 November 2018.
  6. ^ Morgan, Heather (March 31, 2016). "How This Ohio Farm Boy Built a Billion Dollar Software Empire". Inc. Retrieved 11 August 2017.
  7. ^ a b Cocking, Simon (December 12, 2017). "Leadership and Growth Insights with Keith Krach, DocuSign Chairman, Who Achieved 60x Growth as CEO". Irish Tech News. Retrieved 30 March 2018.
  8. ^ a b c d "Keith J. Krach - Our People - Purdue Engineering". purdue.edu.
  9. ^ Huspeni, Andrea (July 13, 2012). "At DocuSign, Keith Krach Continues His Epic 16-Year Quest To Reinvent The Business World". Business Insider. Retrieved 11 August 2017.
  10. ^ Hunt, Joshua (October 18, 2017). "This Company's Robots Are Making Everything—and Reshaping the World". Bloomberg. Retrieved 5 November 2018.
  11. ^ a b Mink, Michael (July 27, 2018). "Keith Krach Inspires Diverse Teams So Projects Can Thrive". Investor's Business Daily. Retrieved 5 November 2018.
  12. ^ "Benchmark Capital History". Funding Universe. Retrieved 11 August 2017.
  13. ^ Warner, Melanie (March 2, 1998). "The New Way To Start Up In Silicon Valley A new breed of "entrepreneurs in residence" is scoring big returns for venture capitalists playing in an arena where too much money is chasing too few high-tech deals". Fortune. Retrieved 5 November 2018.
  14. ^ a b Bessette, Chanelle (December 26, 2013). "DocuSign's CEO on getting in over your head (and succeeding)". Fortune. Retrieved 11 August 2017.
  15. ^ Baldwin, Heather (June 6, 2017). "A Pattern of Success: How DocuSign Chairman Keith Krach Arrived at The Billionaire's Club". SellingPower. Retrieved 5 November 2018.
  16. ^ "Keith Krach – Doctor of Industrial Engineering". Purdue University. Retrieved 5 November 2018.
  17. ^ Cave, Andrew (February 24, 2015). "DocuSign This: How Keith Krach Made His Company A Verb". Forbes. Retrieved 11 August 2017.
  18. ^ Roof, Katie (January 18, 2017). "A new CEO for DocuSign". TechCrunch. Retrieved 11 August 2017.
  19. ^ "Forbes Announces Cloud 100". The Cloud Awards. September 14, 2016. Retrieved 30 March 2018.
  20. ^ a b Bort, Julie (August 18, 2015). "The CEO of DocuSign recently chased, and caught, an iPhone thief in San Francisco". Business Insider. Retrieved 30 March 2018.
  21. ^ "Executive Profile: Keith J. Krach". Bloomberg. Retrieved 11 August 2017.
  22. ^ Levine, Barry (July 19, 2007). "Can Ooma Make a Booma on Free Calling Plan?". CRM Daily. Retrieved 11 August 2017.
  23. ^ a b "Purdue Board of Trustees chairman announces retirement". Purdue University. June 26, 2013.
  24. ^ Yaccino, Steven (June 21, 2012). "Indiana Governor to Be President of Purdue". New York Times. Retrieved 11 August 2017.
  25. ^ "Honorary doctorates to be presented at Purdue spring commencement". Purdue University News.
  26. ^ "Keith Krach Announces Retirement From Angie's List Board of Directors". Angie's List. March 17, 2014. Retrieved 11 August 2017.
  27. ^ McGrane, Clare (January 16, 2018). "Tech Moves: Concur co-founder Mike Hilton joins Apptentive board; Samsung cloud leader lands at AWS; and more". GeekWire. Retrieved 30 March 2018.
  28. ^ "De Blasio Administration Announces NYCx Technology Leadership Advisory Council Members". NYC: The Official Website of the City of New York. January 11, 2018. Retrieved 30 March 2018.
  29. ^ "DocuSign Chairman & CEO Keith Krach Honored as EY Entrepreneur Of The Year". PR Newswire. June 24, 2015. Retrieved 11 August 2017.
  30. ^ "EY announces EY Entrepreneur Of The Year® 2015 Award Semifinalists in Northern California". March 31, 2015. Retrieved 11 August 2017.
  31. ^ "Award Recipients". mortarboard.org.
  32. ^ Bort, Julie (November 10, 2014). "The 50 Most Powerful People In Enterprise Tech In 2014". Business Insider. Retrieved 11 August 2017.
  33. ^ Hoge, Patrick (November 13, 2015). "Most Admired CEOs 2015: With DocuSign, dot-com star Keith Krach has built an e-signature juggernaut (Video)". American City Business Journals. Retrieved 11 August 2017.
  34. ^ "DocuSign and its Chairman & CEO Keith Krach Honored Among Dell Founders 50". PR Newswire. December 21, 2015. Retrieved 11 August 2017.
  35. ^ "Ohio Northern University to Celebrate 2015 Undergraduate Ceremony". Ohio Northern University. April 28, 2015. Retrieved 11 August 2017.
  36. ^ "Global Capital Summit 2017". F50. Retrieved 30 March 2018.
  37. ^ "Quick Insights from the Sales 3.0 Conference in San Francisco". Sales 3.0 Conference. March 16, 2018. Retrieved 30 March 2018.
  38. ^ "The Category Kingmaker". Profile Magazine. Guerrero.
  39. ^ "Purdue Trustee Krach lends support to scholarships, leadership". Purdue University. March 2, 2009. Retrieved 11 August 2017.
  40. ^ "Krach Leadership Center & Third Street Suites". Architect Magazine. October 29, 2015. Retrieved 11 August 2017.
  41. ^ "DocuSign IMPACT Advances Disaster Relief as Part of Clinton Global Initiative and ImpactCloud.org". DocuSign. September 8, 2016. Retrieved 11 August 2017.
  42. ^ "How nonprofits are capturing the interest of ultra high net worth individuals". Devex.
  43. ^ "Board of Governors". San Francisco Symphony. Retrieved 11 August 2017.
  44. ^ "Board of Trustees". Bay Area Discovery Museum. Retrieved 1 December 2017.

External links[edit]