New Relic CFO Transition Underway

Mark Sachleben has been appointed as the new Chief Financial Officer (CFO) at New Relic.

The transition is underway, with Sachleben taking on the role from former CFO, Robert Smith.

As CFO, Sachleben will be responsible for leading New Relic's financial strategy and operations.

Sachleben brings over 20 years of experience in finance and accounting to the role, having previously served as CFO at several other companies.

Mark Sachleben, the Chief Financial Officer of New Relic, has decided to retire after 14 years with the company. He will remain in his role until his successor is named and the transition is complete.

New Relic's CEO, Bill Staples, thanked Sachleben for his leadership, commitment, and contributions to the company since its founding in 2008. He praised Sachleben's dedication and intimate knowledge of the business, which has helped strengthen the balance sheet, accelerate revenue growth, and implement cost savings measures.

Mark Sachleben joined New Relic in 2008 to help build and scale the organization, and he's proud to have played a role in helping the company grow and deliver on its mission. After 14 years, he feels it's the right time for him to retire and pass on the torch to a new leader.

New Relic is conducting a comprehensive search for Sachleben's successor, and the company is committed to finding the right financial leader for its next phase of growth.

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New Relic has been making some exciting updates to its leadership team. Sarah Friar, the CFO and Operations Lead of Square, has joined New Relic's Board of Directors.

New Relic's CEO, Lew Cirne, has known Friar for 15 years, having met her when they were both at Stanford Business School. Friar brings her financial and technology experience to the board.

New Relic has also hired two other women to executive positions: Robin Schulman as its general counsel and Hilarie Koplow-McAdams as Chief Revenue Officer.

Mark Sachleben has decided to retire from his role as Chief Financial Officer at New Relic. He will remain in his position until his successor is named and the company has completed the successful transition.

Sachleben joined New Relic in 2008 to help build and scale the organization. After 14 years, he has decided it's the right time for him to retire.

New Relic is currently conducting a comprehensive search to identify the right financial leader for its next phase of growth. The company is committed to conducting an efficient search process.

Sachleben's dedication and intimate knowledge of the business have been central to New Relic's ongoing business transformation, including strengthening its balance sheet and accelerating revenue growth.

New Relic has appointed Sarah Friar to its Board of Directors. She is the CFO and Operations Lead of Square.

Sarah brings her financial and technology experience to the board, which includes New Relic CEO Lew Cirne, Peter Fenton of Benchmark Capital, Dan Scholnick of Trinity Ventures, and Peter Currie of Currie Capital.

Friar's experience with other product-first companies is highly relevant to New Relic's commitment to delivering innovative tools. She previously worked at Goldman Sachs and McKinsey before joining Square as CFO in June 2012.

New Relic's CEO, Lew Cirne, has known Friar for 15 years, dating back to when they were classmates at Stanford Business School. Cirne considers Friar to be an "all-star" and is proud to add her to the leadership team.

Friar will provide strategic input, recruit and retain talent, and support current CFO Mark Sachleben. She will also bring her expertise to the company's board meetings.

New Relic has made a concerted effort to bring on top female tech talent, including appointing Hilarie Koplow-McAdams as Chief Revenue Officer and Robin Schulman as General Counsel.

Ashish Agarwal has been appointed as New Relic's Chief Financial Officer, succeeding David Barter. He brings a wealth of experience from his previous roles at McAfee, Akamai Technologies, and Symantec.

Ashish has led significant transactions, including a $936M IPO and a $14B private sale. His background in M&A and business development will likely play a key role in driving New Relic's next growth phase.

Here are some key facts about Ashish Agarwal's appointment:

New Relic's CFO, Mark Cook, has a track record of driving growth and innovation. He previously served as CFO at ServiceNow, where he helped the company grow revenue by 40% year-over-year.

New Relic's acquisition of CodeStream in 2021 was a strategic move to expand its product offerings and enhance its customer experience. This acquisition has helped New Relic to better serve its customers and stay competitive in the market.

Mark Cook's experience in the tech industry has prepared him well for his role as CFO at New Relic. He has a deep understanding of the industry and has a proven track record of driving growth and innovation.

The acquisition of CodeStream has also enabled New Relic to expand its product offerings and enhance its customer experience. This has helped the company to better serve its customers and stay competitive in the market.

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