Keith J. Krach
Photo: MistMohster, CC BY 3.0, via Wikimedia Commons18

Keith J. Krach

American businessman and government employee (born 1957)

Keith Joseph Krach (born April 1, 1957) is an American businessman and former diplomat. He is the former chairman and CEO of DocuSign.2

From Wikipedia’s article on Keith J. Krach (this version), CC BY-SA 4.0.

Born Apr 1, 1957.1

About

Krach co-founded Ariba, and was chairman and CEO, and is recognized for his work in B2B Commerce and Digital Transaction Management. Krach was chairman of the board of Angie's List. Krach was the youngest-ever Vice President of General Motors. He was Chairman of the board of Trustees for Purdue University.

On June 20, 2019, he was confirmed by the Senate to become under secretary of state for economic growth, energy, and the environment in the Trump administration. He was succeeded by acting senior official Marcia Bernicat in 2021.

From Wikipedia’s article on Keith J. Krach, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedHarvard Business School3
  • Date not recordedPurdue University3

Krach was born in Lakewood, Ohio, to Elda and John Krach and was raised in the small town of Rocky River, Ohio.

At the age of 12, Krach worked as a welder in his father's machine shop, an experience which inspired him to pursue a B.S. in industrial engineering from Purdue University. During his sophomore year (1977), Krach received one of two General Motors scholarships awarded to Purdue engineering students. The scholarship paid for tuition, books, a living stipend, summer jobs with the automaker, and a full-time position with the company in Detroit following graduation.

After graduating from Purdue in 1979, Krach received a fellowship from General Motors to study for an M.B.A. from Harvard University Business School. Upon completion of his master's degree in 1981, he joined GM full time.

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Higher education

Indiana governor Mitch Daniels appointed Krach to the Purdue board of trustees in 2007 and he served as board chairman from 2009 to 2013. In 2012, he recruited Daniels to be the 12th president of the university. Krach currently serves on the Engineering Leadership Council (ELC).

From Wikipedia’s article on Keith J. Krach (this version), CC BY-SA 4.0.

Career

Occupation: politician, business executive.8

  • Since 2025Chief executive, Freedom 250 LLC6
  • 2019 to 2021United States Under Secretary of State for Economic Growth, Energy, and the Environment7
  • 2009 to 2019Worked at Docusign4
  • 1996 to 2003Worked at SAP Ariba4
  • Date not recordedFounded SAP Ariba5

GM and other ventures

Krach began his career at General Motors where he worked at GM's Cadillac Division and Technical Center in Detroit, Michigan and GM's New York Treasurer's Office under Rick Wagoner. He was named GM's youngest-ever vice president, at 26, in 1984. He was one of the founders of GMF Robotics, a joint venture between GM and Fanuc Robotics, which became the largest provider of industrial robots in the world.

Silicon Valley

Krach left GM and took a job at startup software company Qronos. He joined Qronos as its number 2 executive in 1987 but left after nine months over what he called a conflict over values with the CEO.

In 1988, Krach became a member of the founding team of Rasna Corporation, a mechanical engineering design software company that was sold to PTC for $500 million in 1995. In 1996, Krach was the first entrepreneur in residence at Benchmark Capital, and in 2008, he became a Benchmark CEO in residence.

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Ariba

From 1996 to 2003, Krach served as co-founder, chairman, and CEO of business-to-business e-commerce company Ariba, creating the world's largest business network transacting $6 trillion in commerce annually. In 1999, Krach took Ariba public via an initial public offering (IPO) on Nasdaq, with an initial valuation of $6 billion, which grew to $40 billion by 2000, making it one of the first internet software companies to go public.

In 2000, Krach led the $400 million acquisition of online business auction company Trading Dynamics Inc., and the $1.4 billion acquisition of Tradex software maker for building online communities of buyers and sellers.

DocuSign

In 2009, Krach became the chairman and in 2011 the CEO of DocuSign, a technology company which provides electronic signature and digital transaction management services. As CEO, Krach led the creation of the digital transaction management category and the building of the DocuSign Global Trust Network which now comprises more than 1.7 million customers and more than 1 billion users in 180 countries.

In January 2017, Krach named his successor as CEO of DocuSign, with his tenure as chairman ending in January 2019. He received a 97% CEO rating on Glassdoor.

DocuSign filed for its IPO in April 2018. As of that date, Krach was the largest individual shareholder unaffiliated with a venture firm.

In an interview with Inside Philanthropy, Krach signaled his intention to focus more on philanthropy upon stepping down as DocuSign chairman.

The Clean Network

Undersecretary of State Krach was responsible for the development and implementation of the Clean Network Alliance of Democracies which is designed to be a US government-led global effort to address what the State Department describes as "the long-term threat to data privacy, security, human rights and principled collaboration posed to the free world from authoritarian malign actors." Krach coined the term "The Clean Network" to describe what he described in his Senate confirmation hearing as an alliance of democracies and companies that operate by a set of trust principles.

On May 15, 2020, The Clean Network commenced with three simultaneous announcements of three related initiatives to put Huawei on the defensive and dubbed the 5G Trifecta; the onshoring of TSMC's semiconductors, the tightening of export controls on Huawei; and the global roll out of the 5G Clean Path.

Krach secured commitments to the Clean Network from other EU countries, such as Estonia, Albania, Austria, Germany, Luxembourg, Belgium, Spain, Portugal, Bulgaria, Kosovo, North Macedonia, and Cyprus. In December 2020 and January 2021 Krach onboarded countries including Palau, Ukraine and Georgia.

Capital markets

Krach led the State Department's efforts to protect American investors from unknowingly financing what he described as the People's Republic of China's military, security, intelligence apparatus and, human rights abuses.

Chairman of the US-Taiwan Business Council

In July 2024, Krach accepted the position of chairman of the board of directors for the US-Taiwan Business Council (USTBC), succeeding Michael R. Splinter. In this role, he leads efforts to strengthen economic and business relations between the United States and Taiwan. In January 2024, Krach led the annual Chairman's delegation of the USTBC to Taiwan, arriving shortly after Taiwan's elections. The delegation, comprising senior executives from prominent American and Taiwanese companies, expressed support for Taiwan's vibrant democracy and explored opportunities for collaboration in key industries.

From Wikipedia’s article on Keith J. Krach (this version), CC BY-SA 4.0.

Personal life

  • BornApr 1, 1957, Lakewood9
  • CitizenshipUnited States10
  • ResidenceSan Francisco11

Taiwan relationship

On September 17, 2020, Krach was the first under secretary to visit Taiwan since the United States stopped recognizing the government in Taipei (replacing it instead in favor of the government in Beijing). Krach led the development of an economic collaboration agreement which he named the Lee Economic Prosperity Partnership ("EPP") after Taiwan's "Father of Democracy," former President Lee Teng-hui. A five-year agreement was signed on November 20, 2020. Krach also initiated and presided over a U.S.-Taiwan Science and Technology Cooperation Agreement, signed on December 15, 2020. Krach's team and the State Department also established the first step of the TIFA trade agreement in January 2021.

On January 20, 2021, China imposed sanctions against Krach, outgoing US Secretary of State Mike Pompeo, former secretary of health and human services Alex Azar, outgoing US ambassador to the United Nations Kelly Craft, and 24 other former Trump officials.

Krach lives in Washington D.C. He has five children.

From Wikipedia’s article on Keith J. Krach (this version), CC BY-SA 4.0.

Philanthropy

Krach is the chairman of the DocuSign IMPACT Foundation, DocuSign's philanthropic entity. He established the $30 Million DocuSign IMPACT Foundation with a mission to transform recipient entities by using DocuSign technology to streamline operations and make them more efficient.

Krach co-founded the Children's Autistic Network and served on the board of governors for Opportunity International.

Through the Krach Family Foundation, he funded the Keith Krach leadership scholarship at Purdue University. It has been awarded to five students each year since 2009. In 2014, Purdue dedicated the Krach Leadership Center to him.

From Wikipedia’s article on Keith J. Krach (this version), CC BY-SA 4.0.