Domo Shares Down as CEO Reduces Duties For Health Reasons

Dow Jones12-05

By Adriano Marchese

Shares of Domo fell after the company said it appointed its chief technology officer, Daren Thayne, as principle executive officer after Chief Executive Joshua James said he would reduce his duties for health reasons.

Shares fell in premarket trading by 18% to $9.45.

The cloud software company said James' reduction of duties took effect Dec. 4 as he focuses on his health, but will remain the company's CEO.

Thayne has more than two decades of product and technology leadership, the company said. He leads Domo Labs, the company's innovation hub focused on building breakthrough solutions.

Prior to Domo, Thayne was CTO at Ancestry.com, where he helped built the site's software-as-a-service platform.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 05, 2025 09:08 ET (14:08 GMT)

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