Mike Cannon-Brookes will become the sole chief executive of the $79 billion Sydney software giant from August 31.
Announced alongside the company’s third-quarter results early on Friday morning, the CEO change marks a significant milestone for the $US52.62 billion company, which was founded in Sydney in 2002.Atlassian said Mr Farquhar decided to step down after 23 years to spend more time with his young family, improve the world via philanthropy, and help further the technology industry globally.
“While it’s a difficult decision to step away, I do so knowing Atlassian is exceptionally positioned to take hold of the massive opportunities at its feet,” said Mr Farquhar. “We have a strong leadership team, and great momentum around cloud, enterprise, and now, AI.” Mr Farquhar will remain on the board of Atlassian and assume a special advisor role after he finishes on August 31.The co-founders, who met at the University of New South Wales when they were 18, registered the business in 2001.
Mr Cannon-Brookes said: “The contribution Scott has made at Atlassian is impossible to quantify. Starting with just the two of us in 2001, to a global company of over 11,000 employees and over $US4 billion in annual revenue, Atlassian would not be the company it is today without Scott. I am truly grateful to have had him by my side every day for the last 23 years.”is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom.
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