The co-chief executive of a billion-dollar Australian business has stepped down more than two decades after he co-founded the company.
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.’
Mr Scott’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.
Mike Cannon-Brookes will continue to lead as chief executive.
More to come.
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