PALO ALTO, Calif., Jan. 13, 2020 /PRNewswire/ -- Cloudera
(NYSE: CLDR), the enterprise data cloud company, today announced
the appointment of Robert Bearden as
President and Chief Executive Officer.
"Rob has been a valuable resource for me and the company as we
refined our post-merger strategy and positioned the company for the
hybrid and multi-cloud opportunity in the enterprise," said
Martin Cole, chairman of the board
of directors and interim CEO of Cloudera. "His extensive industry
knowledge, unique customer insights and highly relevant CEO
experience make Rob the natural choice to lead Cloudera into the
future."
"I am excited to become Cloudera's CEO and to help lead its next
phase of growth as the enterprise data cloud company," said
Bearden. "As a board member, I've been engaged with the leadership
team on the company's vision and strategy. I am fully committed to
that strategy and confident our team will continue to execute on
our growth initiatives. There is a large market for enterprise
solutions that manage the complete data lifecycle across any cloud
or data center. The new Cloudera Data Platform will enable us to
capture more of this high-growth opportunity."
Bearden is an experienced enterprise software executive. He was
co-founder and CEO of Hortonworks, a publicly traded open-source
company that merged with Cloudera in 2019. He also served as
President and COO of SpringSource, a leading provider of
open-source developer tools, until its acquisition by VMWare in
2009. Before joining SpringSource, Bearden served as Entrepreneur
in Residence at Benchmark Capital. He also served as COO of JBoss,
a leading open-source middleware company, until its acquisition by
Red Hat in 2006.
Martin Cole will be retiring and
current board member Nicholas
Graziano will assume the duties of chairman of the board of
directors. Kimberly Hammonds will
also be leaving the board. Graziano has been Portfolio Manager of
Icahn Capital LP since February 2018.
He was previously the Founding Partner and Chief Investment Officer
of Venetus Partners LP. Graziano currently serves on the boards of
directors of Conduent Incorporated, Herbalife Nutrition Ltd., Herc
Holdings Inc. and Xerox Corporation.
"On behalf of the board of directors, we are grateful to
Marty Cole and Kim Hammonds for their many years of service as
board members," said Graziano. "In addition, we thank Marty for his
stewardship of Cloudera as interim CEO while we identified the
company's next leader. I am looking forward to working with Rob,
fellow board members and Cloudera management to drive increasing
enterprise value."
Guidance
In connection with the announcement, Cloudera also reaffirmed
the guidance for the fourth quarter of fiscal 2020 and the full
year fiscal 2020 that it provided in the December 5, 2019 press release.
Upcoming Financial Conference
CEO Rob Bearden and CFO
Jim Frankola will participate in the
22nd annual Needham Growth Conference located in New York, New York on January 14, 2020 at 8:40
AM Eastern Time. Live audio webcast and replay of the event
will be available at investors.cloudera.com.
About Cloudera
At Cloudera, we believe that data can make what is impossible
today, possible tomorrow. We empower people to transform complex
data into clear and actionable insights. Cloudera delivers an
enterprise data cloud for any data, anywhere, from the Edge to AI.
Powered by the relentless innovation of the open source community,
Cloudera advances digital transformation for the world's largest
enterprises. Learn more at Cloudera.com.
Cloudera and associated marks are trademarks or registered
trademarks of Cloudera, Inc. All other company and product names
may be trademarks of their respective owners.
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SOURCE Cloudera