Dive Brief:

• Business analytics software provider Tableau Software hired Amazon Web Services executive Adam Selipsky as its new CEO.
• Selipsky will replace cofounder Christian Chabot, who served as CEO for 14 years.
• Selipsky is currently vice president of marketing, sales and support for AWS.

Dive Insight:

Experts say bringing in Selipsky, who was at AWS for more than 10 years, and moving its founders to more advisory roles may help the company bounce back from recent issues.  Despite its popularity, the company has been struggling financially, and its shares have lost a considerable amount of their value over the last year. Still, according to Okta data released in March, Tableau was the second fastest-growing cloud-based business application in 2015, growing 65%.

Chabot will stay on as chairman of Tableau’s board of directors. Chris Stolte, another Tableau cofounder, will be replaced as chief development officer, the company said, taking on the role of technical advisor instead. Andrew Beers, who is currently vice president of product development, will become chief development officer.