Splunk Appoints Brian Roberts as Chief Financial Officer

Rhea-AI Summary

Splunk Inc. (NASDAQ: SPLK) has appointed Brian Roberts as the new Chief Financial Officer (CFO), effective immediately. Reporting to CEO Gary Steele, Roberts brings 30 years of financial expertise from notable companies like Lyft, Microsoft, and Walmart. His previous experience includes significant growth achievements, notably at Lyft, where he managed a 70-fold increase in annual revenue. Roberts expressed enthusiasm for Splunk's innovative platform and potential for strong financial performance, aiming to support the company's balance of durable growth and profitability.

Positive

• Brian Roberts has extensive financial expertise with a proven track record of growth.
• His past success at Lyft highlights potential for strong revenue growth.
• Roberts is expected to enhance operational excellence within Splunk.

Negative

• Concerns may arise regarding continuity and potential experience gaps within the leadership team.

SAN FRANCISCO--(BUSINESS WIRE)-- Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced Brian Roberts has been appointed as the Company’s chief financial officer (CFO), effective immediately. Roberts will report to Splunk CEO, Gary Steele.

Splunk Appoints Brian Roberts as Chief Financial Officer (Photo: Business Wire)

Roberts brings 30 years of financial expertise, including at some of the most recognized brands in the technology and consumer industries such as Lyft, Microsoft and Walmart. Throughout his career, Roberts has been at the forefront of innovation, helping lead financial operations and corporate development strategies for high-growth companies in the software, ecommerce, ridesharing and blockchain sectors.

“Brian is a highly experienced and well-regarded technology CFO with a track record of accelerating growth, leading high-performing teams and driving operational excellence,” said Gary Steele, Chief Executive Officer of Splunk. “We are pleased to welcome Brian to the team and look forward to his financial and operational leadership as we steer Splunk through our next chapter, balancing long-term durable growth and profitability.”

“I have spent my career seeking out organizations with a strong community, values-driven leadership team and an ambition to deliver powerful innovation—and Splunk is the perfect fit,” said Roberts. “Splunk has built an unparalleled platform that enables organizations to increase their digital resiliency, and I’m confident that we are well positioned to capitalize on our enormous opportunity to drive strong financial performance. I’m thrilled to return to my software roots and contribute to Splunk’s next chapter.”

Roberts served as CFO for Ozone Networks, Inc. (d/b/a OpenSea) from 2021 to 2022 as well as CFO of Lyft, Inc. from 2014 to 2021. While at Lyft, he helped manage the organization through an over 70-fold increase in annual revenue. From 2011 to 2014, Roberts served as Senior Vice President, Business Development and Strategy at Walmart Global eCommerce. Prior to Walmart, he served as Senior Managing Director at Evercore Inc. and led the corporate development organizations at Microsoft Corporation and Inktomi Corporation. Roberts holds a B.A. from the University of California, Berkeley and an M.B.A. from Harvard Business School.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2023 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005255/en/

For more information, please contact:

Media Contact

Mara Mort

Splunk Inc.

press@splunk.com

Investor Contact

Ken Tinsley

Splunk Inc.

ir@splunk.com

Source: Splunk Inc.

FAQ

Who has been appointed as the new CFO of Splunk?

Brian Roberts has been appointed as the new Chief Financial Officer of Splunk.

What relevant experience does Brian Roberts bring to Splunk?

Brian Roberts has 30 years of experience, including leadership roles at Lyft, Microsoft, and Walmart.

What is Brian Roberts's track record in financial leadership?

He managed a 70-fold revenue increase at Lyft and has led financial operations in high-growth tech companies.

What is Splunk's primary business focus?

Splunk specializes in helping organizations turn data into actionable insights, focusing on security and observability.