The co-chief executive of Australia’s biggest tech business has stepped down more than two decades after he co-founded the company.
Atlassian announced Scott Farquhar will step down during the release of their third quarter financial results on Thursday, leaving co-founder Mike Cannon-Brookes to continue solo as chief executive.
‘I’m stepping down as co-CEO of Atlassian after an incredible 23 years. I’m so grateful to everyone along this journey,’ Mr Farquhar wrote to X.
Mr Farquhar’s last day will be August 31 but will remain active as a board member and assume a special adviser role.
‘It’s with a full but heavy heart that I share my decision to step down as Atlassian’s co-CEO,’ Mr Farquhar said.
‘At this important juncture in my personal and professional life, I hope you will let me indulge in some nostalgia and pride.’
Atlassian joint CEO Scott Farquhar will step down from his role to focus on his family and philanthropic efforts
Atlassian was founded by Farquhar and Mr Cannon-Brookes in 2002.
The pair met while studying at the University of NSW where Cannon-Brookes sent an email around to his classmates shortly before graduation asking if anyone was interested in having a crack at a tech startup.
Farquhar was the only one who replied and the pair launched the company with only a $10,000 credit card for expenses.
‘Today, rockets don’t launch into orbit without Atlassian’s software,’ Farquhar said this week.
‘From helping to land the Mars Rover, to ensuring cars roll off the production line … to life-saving medical procedures being tracked and managed in hospitals, our solutions are woven into the fabric of teamwork worldwide.’
Farquhar and Cannon-Brookes shortly after founding their now multi-billion dollar company
Atlassian wrote in a letter to shareholders: ‘This quarter will be marked by more than a momentous cloud milestone.’
‘After an incredible 23 years, Scott Farquhar has made the decision to step down as co-CEO.’
Mr Farquhar will step down to spend more time with his family and on philanthropic endeavours.
‘While it’s a difficult decision to step away, I do so knowing Atlassian is exceptionally positioned to take hold of the massive opportunities at its feet,’ he said.
‘We have a strong leadership team, and great momentum around cloud, enterprise, and now, AI.’
More to come.
