Elastic Names Ken Exner Chief Product Officer

Rhea-AI Summary

Elastic (NYSE: ESTC) appointed Ken Exner as Chief Product Officer effective August 29, 2022. With over 30 years of experience, Exner previously led product and engineering teams at Amazon Web Services for 16 years. He will oversee engineering, product management, and design, focusing on enhancing Elastic's Enterprise Search, Observability, and Security solutions. CEO Ash Kulkarni expressed confidence in Exner's ability to drive the company's cloud-first business strategy and strengthen partnerships.

Positive

• Appointment of Ken Exner as CPO is expected to enhance leadership in product management and engineering.
• Exner brings valuable expertise from AWS, potentially accelerating product development in Elastic's cloud services.
• Focus on enhancing Enterprise Search, Observability, and Security solutions aligns with market demands.

Negative

• None.

16-year AWS Veteran Joins Elastic to Further Accelerate Cloud Innovation

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Elastic (NYSE: ESTC), the company behind Elasticsearch, today announced the appointment of Ken Exner as chief product officer (CPO) effective August 29, 2022.

Elastic Names Ken Exner Chief Product Officer (Photo: Business Wire)

Exner will be responsible for leading engineering, product management, and product design, with a focus on enhancing the Elastic Enterprise Search, Observability, and Security solutions and delivering a best-in-class cloud service to Elastic customers. Exner will report to Elastic CEO Ash Kulkarni.

Exner brings three decades of experience leading product and engineering teams. Prior to joining Elastic, he spent 16 years at Amazon Web Services (AWS), where he built and managed dozens of products used by millions of customers worldwide.

Most recently, Exner served as vice president and general manager of AWS Developer Tools, where he ran a portfolio of more than 30 products. He holds a bachelor of science degree from the Haas School of Business at the University of California, Berkeley.

Supporting Quotes:

• “Ken is a deeply experienced leader with a proven track record of managing a broad product portfolio and delivering cloud services at hyper-scale,” said Ash Kulkarni, CEO, Elastic. “I’m excited to welcome Ken to Elastic, and I look forward to seeing his product and cloud expertise put into action as we continue to accelerate our cloud-first business strategy, and strengthen our relationships with all of our cloud partners.”

• “Helping customers gain actionable insights from data is increasingly important in a world of ever-increasing volumes of data, and I am impressed with the technology that Elastic has built to power solutions in enterprise search, observability, and security,“ said Ken Exner. “I look forward to leveraging my experience running large-scale cloud services to help work towards making Elastic one of the next great technology platforms.”

Elastic (NYSE: ESTC) is a leading platform for search-powered solutions. We help organizations, their employees, and their customers accelerate the results that matter. With solutions in Enterprise Search, Observability, and Security, we enhance customer and employee search experiences, keep mission-critical applications running smoothly, and protect against cyber threats. Delivered wherever data lives, in one cloud, across multiple clouds, or on-premise, Elastic enables its customers to achieve new levels of success at scale and on a single platform. Learn more at elastic.co.

Forward-Looking Statements

Certain statements herein are forward-looking statements that are subject to risks and uncertainties, which include but are not limited to, statements regarding the appointment of Mr. Exner as our Chief Product Officer and his involvement in our cloud-first business strategy and working towards making Elastic one of the next great technology platforms. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including but not limited to risks and uncertainties related to the future conduct and growth of Elastic’s business and the markets in which Elastic operates. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption "Risk Factors" and elsewhere in our most recent filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended April 30, 2022 and other subsequent reports filed with the SEC. SEC filings are available on the Investor Relations section of Elastic's website at ir.elastic.co and the SEC's website at www.sec.gov. Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.

Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005664/en/

Lisa Boughner

Elastic Public Relations

PR-Team@elastic.co

Source: Elastic N.V.

FAQ

Who is the new Chief Product Officer of Elastic (ESTC)?

Ken Exner has been appointed as the new Chief Product Officer of Elastic.

When did Ken Exner start his role at Elastic?

Ken Exner's appointment as Chief Product Officer became effective on August 29, 2022.

What is Ken Exner's background before joining Elastic?

Prior to joining Elastic, Ken Exner spent 16 years at Amazon Web Services, managing a portfolio of over 30 products.

What will Ken Exner focus on as CPO of Elastic (ESTC)?

Ken Exner will focus on enhancing Elastic's Enterprise Search, Observability, and Security solutions.

What are the expectations for Elastic (ESTC) following Ken Exner's appointment?

There are expectations that Exner will drive cloud innovation and improve product offerings.