New Relic Announces David Barter as Chief Financial Officer
August 04 2022 - 4:10PM
Business Wire
Former CFO of C3 AI and Model N joins New Relic
to accelerate its business goals and mission to help every engineer
use data, not opinions at every stage of the software lifecycle
New Relic (NYSE: NEWR), the observability company, announced
David Barter as the company’s next Chief Financial Officer. In this
role, Barter will oversee global finance operations. Barter will
assume the CFO role from Mark Sachleben, who, as previously
announced, will retire from the company after 14 years of
service.
“David brings exceptional experience accelerating the business
goals of high growth companies like Microsoft and General Electric,
and is the right leader to be our next CFO,” said New Relic CEO
Bill Staples. “His fresh perspective, integrity, decisiveness,
and accountability will be invaluable to New Relic as we continue
to drive our long-term growth strategy of putting the power of data
in the hands of the world’s software engineers.”
Barter brings nearly three decades of high-growth public and
private company finance experience to New Relic. Most recently,
Barter served as CFO of C3 AI, where he led the company through a
successful IPO. Previously, he held the CFO position at Model N and
led finance teams at Microsoft, General Electric, and Guidewire
Software. Barter is an established business leader with proven
success leading the financial strategies of public companies in the
technology sector. He holds a Master of Business Administration and
Master of Engineering Management from Northwestern University’s
Kellogg School of Management, and a Bachelor of Business
Administration in Finance and Philosophy from University of Notre
Dame.
“I was drawn to New Relic because of its reputation as an
industry-leading observability company and its focus on engineers
with an innovative platform and business model,” said David
Barter. “I’m looking forward to working with the excellent team
already in place, and helping the business scale to realize its
growth and profitability goals while delivering industry leading
software to its customers.”
The company expects its Board of Directors to formally appoint
Mr. Barter to the role on August 17, 2022, at which time Mr.
Sachleben will transition into an advisory role. For more
information on career opportunities at New Relic, please visit
www.newrelic.com/about/careers.
About New Relic
As a leader in observability, New Relic empowers engineers with
a data-driven approach to planning, building, deploying, and
running great software. New Relic delivers the only unified data
platform that empowers engineers to get all telemetry—metrics,
events, logs, and traces—paired with powerful full stack analysis
tools to help engineers do their best work with data, not opinions.
Delivered through the industry’s first usage-based consumption
pricing that’s intuitive and predictable, New Relic gives engineers
more value for the money by helping improve planning cycle times,
change failure rates, release frequency, and mean time to
resolution. This helps the world’s leading brands including adidas
Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg,
GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf, and
World Fuel Services (WFS) improve uptime, reliability, and
operational efficiency to deliver exceptional customer experiences
that fuel innovation and growth. www.newrelic.com.
Forward-looking statements
This press release contains “forward-looking” statements, as
that term is defined under the federal securities laws, including
but not limited to statements regarding the appointment of Mr.
Barter, and the experiences and value that he will bring to New
Relic. The achievement or success of the matters covered by such
forward-looking statements are based on New Relic’s current
assumptions, expectations, and beliefs and are subject to
substantial risks, uncertainties, assumptions, and changes in
circumstances that may cause New Relic’s actual results,
performance, or achievements to differ materially from those
expressed or implied in any forward-looking statement. Further
information on factors that could affect New Relic’s financial and
other results and the forward-looking statements in this press
release is included in the filings New Relic makes with the SEC
from time to time, including in New Relic’s most recent Form 10-K
and any subsequent Form 10-Q, particularly under the captions “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations.” Copies of these documents may
be obtained by visiting New Relic’s Investor Relations website at
http://ir.newrelic.com or the SEC's website at www.sec.gov. New
Relic assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220804005867/en/
Media Contact Elena Keamy New Relic, Inc. PR@newrelic.com
Investor Contact Peter Goldmacher New Relic, Inc. 503-336-9280
IR@newrelic.com
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