Activist Salesforce investor Elliot is abandoning plans to put his own men on the board. This decision is in response to the company’s improved performance and focus on profits.

After Elliott Management bought billions of dollars worth of Salesforce stock earlier this year, the company became one of five activist investors within Salesforce. After a tumultuous 2022, this group of major shareholders prepared to revolt and climb onto the board.

As a reassurance, Salesforce CEO Marc Benioff promised that from now on everything in the company will revolve around profit and profit margin. This seems to have helped, and Elliott is confident that Salesforce has corrected its course.

In a joint statement, the companies now announce that Elliot no longer intends to nominate its own board members. This decision follows Salesforce’s recent “New Day” strategy, which focuses on a financially strong 2023 and a series of initiatives to transform the company.

“I have great respect for Marc and his team and am deeply impressed by their strong continued commitment to profitable growth, responsible returns on capital and an ambitious plan to create shareholder value,” said Jesse Cohn, Elliott’s managing partner, in a press release.