The Channel logo


By | Simon Sharwood 20th November 2015 02:58

Seven-year itch claims Splunk CEO

Godfrey Sullivan steps down, effective immediately, leaving a profitable loss behind

Splunk CEO and president Godfrey Sullivan has retired.

Sullivan's successor is Doug Merritt, previously senior veep for field operations at Splunk and a former senior exec at Cisco and PeopleSoft. Sullivan will hang around as non-executive Board chair and "will continue to work closely with the Board and with Merritt to ensure a smooth transition and implementation of the company's long-term strategy."

That strategy's gone rather well under Sullivan's leadership: when he joined in 2008 Splunk had 750 customers and US$18 million of annual revenue. Today's corresponding numbers are 10,000+ and "nearly $600 million."

Splunk chose to announce Sullivan's departure on the day it also announced its Q3 2015 results. The company lost US$73 million, or 57 cents a share, on sales of $174.4 million. But once all the financial gymnastics had been completed and a non-GAAP result calculated, that translated into a profit of five cents a share. That outcome, and the sales result, both beat the street, leaving the board and investors reportedly chuffed even if Sullivan's departure after a very successful seven-year stint is saddening.

Splunk stock finished the day at US$62.76, up $0.84 cents or 1.36 per cent, so Sullivan's departure clearly isn't seen as a worry. ®

comment icon Read 7 comments on this article or post a comment alert Send corrections


Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral


Locker room jocks photo via Shutterstock
Best locker-room strategy: Avoid emulating AWS directly
STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock