Instructure, a Salt Lake City-based developer and marketer of learning software, has announced that CEO Dan Goldsmith has resigned. The company has formed an interim “office of the CEO” made up of senior executives that will lead the business until a successor can be named after Goldsmith leaves on March 6.
“The board of directors is grateful to Dan for his strategic guidance and leadership during his time at the company,” said Josh Coates, executive chairman of the board. “We wish him all the best in his future endeavors.”
The board will hire an executive search firm to assist in its process to evaluate candidates to succeed Goldsmith, Coates said.
“It has been a privilege to work with such amazing customers, partners and employees,” said Goldsmith. “Over the past two years, we have re-oriented the business to focus on innovation, growth and customer success while making the hard, but necessary, decisions to prepare for a bright future.”
During his tenure at Instructure, Goldsmith implemented a strategy that moved the company past the $250 million annual revenue milestone in 2019. Instructure achieved positive free cash flow for the first time in its history and implemented business plans focused on achieving profitability. Goldsmith also directed the acquisitions of MasteryConnect and Portfolium.
Founded in 2008, Instructure employs over 1,200 people and more than 30 million people use the company’s computer learning products.