![]() ![]() So I don't necessarily think it has to be an executive who has operated a cloud business in that scale. Yes I think, I've had the questionable, how many executives out there, are there who run a cloud company at $5 billion, $6 billion scale? And the answer is yes, not that many I agree. But like talk a little bit about how you think about, like what do you need here? If you look at your cloud ARR, the growth how the company has transformed, sort of one thing that comes up is like okay, but who is available or who is in the industry that actually has kind of run a company that scale, you know? So, that's sort of the process and I'm sure many people second guess it, but the Board was unanimous in that approach.Īnd I think one thing that's interesting is like and that it's credit to Doug and Jason and the team is that you moving in big steps to be like a big cloud company. Where everybody knows ultimately, he's leaving, that's a tough place to be if you're trying to lead a company like Splunk, size, scale, velocity, that's a tall order. But it wasn't going to put Doug in that awkward position of being a CEO for three months, six months, maybe longer. We felt it was fair on Doug and the company to be honest, to announce it, have me in place, those obviously still with Splunk. So then you kind of basically end up having this discussion about the best, the best way to get through the search process, hence my appointment as interim CEO. So I think fundamentally, whilst we may actually, I'm sure, we'll have some internal candidates for the role, the Board wasn't ready to pick one of those. We had a couple of executive changes last year, but they've been on Board a matter of quarters. Well, ideally, when you do that you are grooming one or two successes, and Godfrey was able to do that with Doug, over a period of two years. And then once you have that discussion, and you realize where we are going to need something new, then you think okay, is there somebody internally who's an obvious candidate? So it was really that discussion that - was a productive discussion. He's obviously he helps one go through two incredibly important transitions on the product side, and go-to-market side. He's much more of an entrepreneurial style CEO, who is always coming up with new ideas, expansive ideas. And I think Doug Doug's a very self-aware guy, and I think he felt we had conversations with him over the last year or so that - that some point that not only would his skills, to not necessarily be the best for that job that I just described, but I didn't think he would actually enjoy it that much, either. Keeping the company focusing know a lot to people who might have ideas, that perhaps don't match the overall strategy. And it's much more about really staying focused and optimizing operations whether it's in go-to-market or product or marketing or wherever it might be. ![]() I mean, you've found you have absolutely found - your groove by that point. You sort of think about where would the next year be, probably getting close to $5 billion, the next year after that - we're sort of knocking down these hopefully knocking down these billion dollar milestones pretty rapidly at this point.Īnd I've been through those transitions twice myself and went through them at Oracle, I went through them at Salesforce, and what's needed of a CEO, once you're at that scale. But I think the more important point is, as you think about we've given guidance, for next year, sort of early preview of $3.9 billion. So this in no sense was, the Board being dissatisfied with those performance. And frankly, no CEO is perfect, but I would say Doug's had an incredible run from over the last six years, if you look at all that he's accomplished from, you know, $400 million or so of revenue up to almost $3 billion of ARR. Well, certainly it's, always clearly, a big event in a company's operations, whereas when a CEOs is changed, and I think, you know, when you're on a Board, you're always thinking about long-term. Sure, thanks for having us Raimo appreciate the opportunity, and good to reconnect. Just talk a little bit about the motivation there, what was going on? So it's a like, it was a little bit puzzling to some degree. ![]() But we still also kind of announced like a CEO transition. But what was interesting is like, you know, you just finished a very successful quarter that, and we will talk about that in a minute. I started Graham, Graham maybe let's address the elephant in the room first.Īnd we were just talking that you probably have like hundreds of these questions already in. ![]() Hey, welcome to for our next session, I'm really happy to have the team from Splunk on. ( NASDAQ: SPLK) Barclays Global Technology, Media and Telecommunications Conference Decem12:05 PM ET ![]()
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