🗞️Atlassian Co-CEO Scott Farquhar to Step Down for Family and Philanthropy

The software company Atlassian announced that its co-CEO, Australian tech billionaire Scott Farquhar, will retire at the end of August to devote more time to his young family and charitable endeavours with After an incredible 23 years, Farquhar will step down on August 31 and continue to serve on the board of Atlassian. In a statement, he stated that he wanted to help the technology industry globally, spend more time with his family, and concentrate on philanthropy.

“While it's a difficult decision to step away, I do so knowing Atlassian is exceptionally positioned to take hold of the massive opportunities at its feet. We have a strong leadership team, and great momentum around cloud, enterprise, and now, AI,” said Farquhar.

Meanwhile , Co-founder Mike Cannon Brookes continuing to lead Atlassian as CEO

Cannon-Brookes added, “The contribution Scott has made at Atlassian is impossible to quantify. Starting with just the two of us in 2001, to a global company of over 11,000 employees and over USD $4 billion in annual revenue, Atlassian would not be the company it is today without Scott. I am truly grateful to have had him by my side every day for the last 23 years.”

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As one of the first businesses to aggressively implement a remote work policy during the pandemic, Atlassian, a $79 billion company with over 300,000 customers worldwide and a fully distributed workforce, is well-known for its workplace software Jira, Confluence, and Trello. The business was founded in 2001 by the co-founders, who had met while attending university. As of right now, the Nasdaq lists it.

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