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Splunk announces appointment of Gary Steele as CEO

Splunk, the data platform leader for security and observability, announced the appointment of Gary Steele as Chief Executive Officer.
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Gary Steele was the founding CEO of Proofpoint, and over the past two decades, he led the company’s growth from an early-stage start-up to a leading, publicly traded security-as-a-service provider to some of the world’s best known organizations.

Prior to Proofpoint, Gary Steele was CEO of Portera and held various leadership roles at Sybase, Sun Microsystems and Hewlett-Packard.

Graham Smith, who has served as Interim CEO since November 2021, will return to his role as Chair of the Splunk Board when Steele joins the company.

“Gary is a visionary leader whose software and cybersecurity expertise, understanding of SaaS and recurring revenue models, and unwavering commitment to driving innovation and customer success on a global scale will be invaluable to Splunk on our path to $5 billion and beyond,” said Graham Smith, Interim CEO and Chair of Splunk.

Splunk announced revenue of $901 million (+21 percent) in the fourth quarter and $2.67 billion (+20 percent) in fiscal year 2022.

Splunk revealed that its new, expansion and renewal customers include Box, CVS Health, Fred Loya Insurance, Intel and Papa John’s International.

Splunk is a $20 billion worth takeover target for enterprise networking leader Cisco Systems, according to several tech news reports.

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