Elastic promotes Ashutosh Kulkarni to CEO; founder Shay Banon becomes CTO; Q3 guidance raised

Elastic N.V.

Founder Shay Banon transitions from CEO to CTO effective Jan 11, 2022; remains on Board.
Ashutosh Kulkarni promoted to CEO (from CPO); base salary $600k, equity ~$12M; nomination to Board pending vote.
Paul Appleby steps down as President, Worldwide Field Operations; will leave Elastic on a mutually agreed date.
Elastic expects to exceed Q3 FY2022 guidance for revenue, non-GAAP operating margin, and non-GAAP net loss per share.
Chetan Puttagunta appointed Chairman of the Board following Banon's resignation from that role.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Chetan Puttagunta

Chairman of the Board

ESTC · Elastic N.V.

Effective: 2022-01-11
Filed: January 12, 2022, 6:59 PM ET

Chetan Puttagunta, currently Lead Independent Director, has been appointed Chairman of the Board.

Appointed (interim)

Ashutosh Kulkarni

Chief Executive Officer

ESTC · Elastic N.V.

Effective: 2022-01-11
Filed: January 12, 2022, 6:59 PM ET

the Company announced the promotion of Ashutosh Kulkarni, the Company’s current Chief Product Officer, to CEO, effective as of January 11, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.85

Chetan Puttagunta was appointed as Chairman of the Board at Elastic N.V..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

Chetan Puttagunta, currently Lead Independent Director, has been appointed Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ashutosh Kulkarni was appointed as Chief Executive Officer at Elastic N.V..

Action: promoted
Role: Chief Executive Officer

Exact text from the filing

the Company announced the promotion of Ashutosh Kulkarni, the Company’s current Chief Product Officer, to CEO, effective as of January 11, 2022.

View on SEC.gov

Elastic N.V. filing history →

Source: SEC EDGAR

accession 0001193125-22-007747

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