Elastic Names Mathew Donoghue Chief Marketing Officer

Rhea-AI Summary

Elastic (NYSE: ESTC) has appointed Mathew Donoghue as Chief Marketing Officer, effective February 13, 2023. Donoghue, with extensive experience in cybersecurity marketing, will lead the global marketing team to drive demand generation within the company's $88 billion total addressable market. Prior to Elastic, he served as Senior Vice President at Palo Alto Networks, contributing to significant growth initiatives. CEO Ash Kulkarni praised Donoghue's ability to enhance marketing strategies and accelerate company growth as Elastic prepares for the next phase of its expansion.

Positive

• Appointment of Mathew Donoghue as CMO is expected to drive growth.
• Donoghue has a strong background in cybersecurity marketing and demand generation.
• Elastic has a total addressable market of $88 billion, indicating significant growth potential.

Negative

• None.

Senior executive with deep cybersecurity marketing expertise joins Elastic to drive continued growth

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Elastic (NYSE: ESTC), the company behind Elasticsearch, today announced the appointment of Mathew Donoghue as Chief Marketing Officer (CMO) effective February 13, 2023. Donoghue will drive scalable growth across the company’s $88 billion total addressable market (TAM) by leveraging innovative solutions and a customer-first approach.

Mathew Donoghue (Photo: Business Wire)

As the leader of the global marketing team, Donoghue will focus on engaging customers, partners and the community to drive demand generation for the company’s platform and solutions. Donoghue will report to Elastic CEO Ash Kulkarni.

“Matt has a strong cybersecurity marketing background and extensive experience developing and executing go-to-market plans to support company growth,” said Ash Kulkarni, CEO, Elastic. “His experience increasing demand and driving sales will help us accelerate our journey to building a generational company.”

“I am passionately focused on demonstrating marketing’s ability to be a strategic enabler for the business by leveraging data, innovation and technology to deliver scalable growth,” said Mathew Donoghue, CMO, Elastic. “Elastic has amazing technology, a strong tradition of community and a customer-first approach. With the technology landscape becoming increasingly complex and customers accelerating their journey to the cloud, Elastic is uniquely positioned to help organizations continue to innovate even as they consolidate technology across the hybrid cloud. I’m excited to be joining Elastic’s world-class team as the company enters its next phase of growth.”

Prior to joining Elastic, Donoghue spent 15 years managing marketing strategy and execution, with regional and global experience spanning all areas of marketing.

Most recently, Donoghue served as Senior Vice President, Global Marketing at Palo Alto Networks, where he helped transform the marketing organization and deliver on their ambitious growth objectives, having led marketing and demand generation across all geographies and routes-to-market during his tenure. Donoghue holds a bachelor of business from the University of Technology, Sydney.

About Elastic

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. Donoghue as our Chief Marketing Officer and his involvement in our growth and marketing strategies and estimates of our potential addressable market and growth opportunities. 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/20230213005523/en/

Madge Miller

Elastic Public Relations

PR-Team@elastic.co

Source: Elastic N.V.

FAQ

Who is the new Chief Marketing Officer of Elastic as of February 2023?

Mathew Donoghue has been appointed as the new Chief Marketing Officer of Elastic effective February 13, 2023.

What is Mathew Donoghue's previous experience before joining Elastic?

Before joining Elastic, Mathew Donoghue served as Senior Vice President, Global Marketing at Palo Alto Networks, where he led marketing and demand generation.

What is the size of Elastic's total addressable market?

Elastic's total addressable market is estimated to be $88 billion.

What role will Mathew Donoghue play at Elastic?

As CMO, Mathew Donoghue will lead the global marketing team and focus on demand generation for Elastic's platform and solutions.

Who is the CEO of Elastic?

Ash Kulkarni is the CEO of Elastic.