Scott Farquhar, co-founder and one of Atlassian’s two co-CEOs, announced in late April that he will step down as CEO after 23 years at the helm.
The decision will take effect on 31 August 2025.
Mike Cannon-Brookes, Atlassian’s other co-CEO, will continue to lead the company as sole Chief Executive Officer following Farquhar’s departure. Farquhar will remain involved with Atlassian as a member of the board of directors and special advisor, although the exact nature of this advisory role was not detailed in the announcement.
“While there’s never a perfect time for changes like this, I feel confident making this decision knowing Atlassian is in a great position for the future. We have a world-class cloud platform and the best team we’ve ever had,” said Farquhar.
“There are only a few companies in the world that can play in this space and win, with incredible opportunities right in front of them. The future has never looked brighter.”
Farquhar’s departure from the CEO role does not mark the end of his journey in the tech industry. His plans include mentoring and supporting young tech entrepreneurs, helping them reach their full potential and navigate the challenges of the IT world.
The announcement coincided with Atlassian’s latest quarterly earnings report, which showed strong performance. The company reported $1.19 billion (approx. €1.1 billion) in revenue for the quarter – a 30% year-over-year increase.
Subscription revenue saw a particularly strong rise of 41%, as more customers continue migrating from on-premise servers to the cloud.
