The co-chief executive of a billion-dollar Australian business has stepped down after more than two decades with the company.
After more than 20 years with the Aussie company, one of the two chief executives will step away from the billion-dollar role.Atlassian announced Scott Farquhar will step down during the release of their third quarter financial results on Thursday.
“This quarter will be marked by more than a momentous cloud milestone,” the company wrote in a letter to shareholders.“After an incredible 23 years, Scott Farquhar has made the decision to step down as co-CEO.” Last year, Fortune estimated his worth as co-chief executive at about $12.5bn, with his Australian-American software company growing its market value to $AUD 78.94bn .
Mr Farquhar’s last day as co-chief executive will be August 31, 2024, however he will remain active as a Board member and assume a special adviser role.“The contribution Scott has made in founding and building Atlassian is impossible to quantify, but can best be illustrated by the tens of thousands of jobs created, the hundreds of thousands of customers supported, and the millions of daily users around the world whose lives are improved by Atlassian’s software,” the statement read.
Billion-Dollar Australian Business Scott Farquhar Momentous Cloud Milestone Special Advisor Role
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