SAN FRANCISCO–(BUSINESS THREAD)–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 financial operations. Barter will take over the role of CFO from Mark Sachleben, who, as previously announcedwill retire from the company after 14 years of service.
“David brings exceptional experience accelerating the business goals of high-growth companies such as Microsoft and General Electric, and he is the right leader to be our next CFO,” said Bill Staples, CEO of New Relic. “His fresh perspective, integrity, determination 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 experience in financing high-growth public and private companies to New Relic. Most recently, Barter served as CFO of C3 AI, where he led the company through a successful IPO. Previously, he served as CFO 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 has a Master of Business Administration and a Master of Engineering Management from Northwestern University’s Kellogg School of Management and a Bachelor of Business Administration in Finance and Philosophy from the University of Notre Dame.
“I was attracted 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 look forward to working with the excellent team already in place and helping the company scale its growth and profitability goals while providing its customers with industry-leading software.”
The company expects its Board of Directors to formally appoint Mr. Barter for the position on August 17, 2022, at which time Mr. Sachleben will move into an advisory role. To learn more about career opportunities at New Relic, 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 offers the only unified data platform that allows engineers to get all the telemetry (metrics, events, logs and traces) combined with powerful full-stack analytics tools to help engineers do their best work with the data, not with opinions. Offered through the industry’s first usage-based consumer pricing that is intuitive and predictable, New Relic gives engineers more value for money by helping to improve planning cycle times, change failure rates, frequency launch and average resolution time. This helps the world’s leading brands such as 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 drive 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 it will bring to New Relic. The achievement or success of the matters covered by these forward-looking statements are based on New Relic’s current assumptions, expectations and beliefs and are subject to risks, uncertainties, assumptions and substantial changes in circumstances that could cause actual results, the performance of New Relic. , or achievements that differ materially from those expressed or implied in any forward-looking statement. More information about factors that could affect New Relic’s financial and other results and the forward-looking statements in this press release are included in New Relic’s filings with the SEC from time to time, including on Form 10-K plus of New Relic and any subsequent Form 10-Q, particularly under the headings “Risk Factors” and “Management’s Analysis and Discussion of Financial Condition and Results of Operations.” Copies of these documents may be obtained by visiting New Relic’s Investor Relations website at or the SEC’s website a 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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