Keith J. Krach
| Keith J. Krach | |
|---|---|
 |
|
| Born |
April 1, 1957 Lakewood, Ohio |
| Residence | San Francisco, California |
| Nationality | United States |
| Alma mater |
Purdue University (BS) Harvard University (MBA) |
| Occupation | Businessman |
| Known for | Co-founder of Ariba Chairman of DocuSign |
| Spouse(s) | Metta Krach |
| Children | 5 |
| Parent(s) | John Krach Elda Krach |
Keith J. Krach (born 1 April 1957) is an American businessman, entrepreneur, and philanthropist. He is currently the chairman of DocuSign and served as CEO for 6 years. Krach co-founded Ariba, serving as chairman and CEO, and is recognized for his work in B2B Commerce. Krach also served as chairman of the board of Angie’s List.
Krach was born in Lakewood, Ohio to Elda and John Krach. Krach received a B.S. in industrial engineering from Purdue University in 1979, on a General Motors scholarship. While there, he was 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.
Krach began his career at General Motors where he worked at GM's Cadillac Division, New York Treasury office, and technical center, before being named GM's youngest-ever vice president, at 26, in 1984. During his time at GM, he was one of the founders of GMF Robotics, a joint venture between GM and Fanuc Robotics.
After GM, he became a member of the founding team of Rasna Corporation, which ranked #3 on the 1994 Inc. 5000 list of fastest-growing companies in America. In 1995, Rasna Corporation was sold to Parametric Technologies for $500 million.
In 1996, Krach was the first entrepreneur in residence at Benchmark Capital, and in 2008, he became Benchmark's CEO in residence.
From 1996 to 2003, Krach served as co-founder, chairman, and CEO of Ariba, which was acquired by SAP in 2012 for $4.3 billion. He took the company public in 1999, and its stock more than tripled from the offering price on opening day, making the three-year-old company worth $6 billion. Under Krach’s leadership, Ariba acquired TradeX for $1.9 billion in its first year as a publicly traded company. In 2000, the stock value continued to climb, and Ariba's market capitalization was as high as $40 billion. Today, nearly $1 trillion of commerce goes through the Ariba network annually.
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