Company Founder Benioff was co-CEO along with Keith Block until Block left last year.
If Taylor is indeed named CEO, Benioff may become executive chairman, given the complications of splitting the duties between CEOs, knowledgeable sources told Reuters.
They said Taylor wouldn’t be promoted immediately, though perhaps within several months.
Taylor worked at Alphabet (GOOGL) - Get Report and Facebook (FB) - Get Report before coming to Salesforce. He was co-creator of Google Maps, and as the Menlo Park, Calif., social-media giant's chief technology officer, he invented the “like” button, Reuters reports.
Salesforce stock recently traded at $213.05, up 2.6%, compared with a 4.2% gain for the Nasdaq and a 2.1% climb for the S&P 500. The shares have slipped 11% in the past month amid doubts about its growth prospects.
"We continue to see Microsoft and Salesforce as well positioned to capitalize on digital transformation spending, which we believe will outpace overall IT budgets for the foreseeable future," Goldman Sachs analyst Kash Rangan wrote in a commentary.