Scott Farquhar to step down as Atlassian co-CEO

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After co-founding the software company more than two decades ago, Farquhar will step down to focus on family and philanthropy.

Atlassian co-founder Scott Farquhar will step down as co-CEO after 23 years, leaving Mike Cannon-Brookes to lead the Australian software giant, in a surprise move announced at the company’s third-quarter results.

“We have a strong leadership team, and great momentum around cloud, enterprise, and now, AI,” he said. The co-founders, who met in university, founded the business together in 2001. It’s now listed on the Nasdaq. “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.”Farquhar and Cannon-Brookes each have an estimated fortune of more than $15 billion, and have each held on to about 20 per cent of the company they started more than 20 years ago.

 

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Atlassian’s Scott Farquhar to step down as co-CEO, Mike Cannon-Brookes to lead $79 billion software giantMike Cannon-Brookes will become the sole chief executive of the $79 billion Sydney software giant from August 31.
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