Veeva Names Dan Rizzo EVP of Sales as President Schwenger Departs for CEO Role
VEEV sits 69% above its 52-week low of $148.05.
Summary
Veeva's President and Chief Customer Officer Thomas Schwenger is leaving to become CEO of a Veeva partner, with Dan Rizzo stepping in as EVP of Sales, Consulting, and Services effective October 2.
Key Events · Executive and Board Changes · VEEV
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President Schwenger Resigns
Thomas D. Schwenger, President and Chief Customer Officer, informed Veeva of his resignation on August 18, 2026, effective October 2, 2026. He is departing to assume a CEO role at a long-standing Veeva partner.
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Dan Rizzo Appointed EVP
Dan Rizzo will join Veeva as EVP, Sales, Consulting, and Services, effective October 2, 2026, succeeding Schwenger.
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Recent Insider Sales Context
Schwenger sold 36,000 shares for $9.0 million on August 17, 2026, under a pre-existing 10b5-1 plan, just one day before informing Veeva of his resignation.
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Transition Timeline
Both the resignation and appointment are effective October 2, 2026, providing a six-week transition period.
Analysis · VEEV · Technology
A significant leadership change is underway at Veeva. President and Chief Customer Officer Thomas Schwenger is resigning effective October 2, 2026, to become CEO of a long-standing Veeva partner. Dan Rizzo will succeed him as EVP, Sales, Consulting, and Services. Schwenger has been with Veeva since 2019 and recently sold $9 million in stock under a 10b5-1 plan, which may now be viewed in a new light. The departure of a top customer-facing executive to a partner company raises questions about customer relationship continuity and potential competitive dynamics, though the transition appears amicable.
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In the 30 days to Nov 3, 2026, 32.3% of the 2077 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, VEEV was trading at $250.53 on NYSE in the Technology sector, with a market capitalization of approximately $40.7B. The 52-week trading range was $148.05 to $310.50. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.