MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced the appointment of Ashutosh Kulkarni as chief product officer (CPO). Kulkarni will be responsible for leading engineering and product management, with a focus on enhancing the Elastic Enterprise Search, Observability, and Security solutions and delivering a best-in-class cloud service to Elastic customers. Kulkarni will report to Elastic Founder and Chief Executive Officer Shay Banon.
Kulkarni joins as the first Elastic CPO, rounding out the company’s executive team following the recent appointments of Sally Jenkins as chief marketing officer and Paul Appleby as president, worldwide field operations. Kulkarni’s deep experience running multiproduct engineering organizations and working cross-functionally with business teams will enable Elastic to continue its customer-focused innovations across products and solutions, and to rapidly scale its Elastic Cloud offering, helping customers to derive actionable insights from data.
Kulkarni has more than 20 years of experience in enterprise software and has led product and engineering teams at various data analytics, web infrastructure, and security companies, including McAfee, Akamai, Informatica, and Sun Microsystems. He holds a Bachelor of Engineering degree in electronics engineering from the University of Mumbai, a Master of Science degree in computer engineering from the University of Texas at Austin, and a Master of Business Administration degree from the University of California at Berkeley.
- “I’m pleased to welcome Ash to Elastic as our first CPO. He joins as the opportunity to grow our platform and solutions has expanded exponentially and we’re leveraging that momentum to build impactful products that support our community of users,” said Shay Banon, founder and chief executive officer, Elastic. “Ash has experience building and running robust engineering teams while also working across marketing, field, enablement, packaging and pricing, and customers, to bring game-changing products and solutions to market. I am excited to work alongside Ash to bring the power of search to our community through our Enterprise Search, Observability, and Security solutions that are built into a single technology stack, and grow our Elastic Cloud presence globally.”
- “I’ve seen first-hand the power of Elasticsearch and the Elastic Stack and I am convinced of the versatility and immense potential of the platform in helping customers derive insights from their data,” said Ash Kulkarni, chief product officer, Elastic. “I’m excited to work alongside the leadership team and other Elasticians to realize the full potential of Elastic as the next platform powerhouse of our era.”
Learn more about the Elastic leadership team here.
Elastic is a search company built on a free and open heritage. Anyone can use Elastic products and solutions to get started quickly and frictionlessly. Elastic offers three solutions for enterprise search, observability, and security, built on one technology stack that can be deployed anywhere. From finding documents to monitoring infrastructure to hunting for threats, Elastic makes data usable in real time and at scale. Thousands of organizations worldwide, including Cisco, eBay, Goldman Sachs, Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia, and Verizon, use Elastic to power mission-critical systems. Founded in 2012, Elastic is a distributed company with Elasticians around the globe and is publicly traded on the NYSE under the symbol ESTC. Learn more at elastic.co.
This press release contains forward-looking statements that involve substantial risk and uncertainties, which include, but are not limited to, the appointment of our Chief Product Officer, potential market opportunities, the effectiveness of our go-to-market strategy and our future growth. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Our expectations and beliefs in light of currently available information regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to those related to: the impact of the COVID-19 pandemic on the macroeconomic environment, on our business, operations, hiring and financial results, and on businesses of our customers and partners, including their spending priorities, the effect of lockdowns, restrictions and new regulations; our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (which include changes in sales and marketing, research and development and general and administrative expenses), and our ability to achieve and maintain future profitability; our ability to continue to deliver and improve our offerings and develop new offerings, including security-related product and SaaS offerings; customer acceptance and purchase of our existing offerings and new offerings, including the expansion and adoption of our SaaS offerings; our inability to realize value from investments in the business, including R&D investments; our ability to maintain and expand our user and customer base; the impact of foreign currency exchange rate and interest rate fluctuations on our results; our international expansion strategy; our operating results and cash flows; our beliefs and objectives for future operations; the sufficiency of our capital resources; our ability to successfully execute our go-to-market strategy and expand in our existing markets and into new markets, and our ability to forecast customer retention and expansion; our ability to attract and retain qualified employees and key personnel; our ability to onboard, provide training to and integrate new employees; and general market, political, economic and business conditions (including developments and volatility arising from the COVID-19 pandemic). Additional risks and uncertainties that could cause actual outcomes and results to differ materially are included in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2020 and any 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, except as required by law.
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