A Letter From New Relic Founder & CEO Lew Cirne

Bill Staples has been promoted to CEO of New Relic, taking over the role on July 1, 2021, with current CEO Lew Cirne transitioning to Executive Chairman of the Board. Cirne expresses strong confidence in Staples, citing his impressive vision for the company, particularly in driving the New Relic One strategy and transitioning to a consumption-based business model. Staples has been instrumental in advancing New Relic's product offerings, including the successful release of New Relic One and innovations like New Relic Explorer and next-gen AIOps. His leadership is expected to further the company's growth and align it with its core values. Additionally, Hope Cochran will become Vice Chair while continuing as Lead Independent Director, playing a crucial role in the company's future. This leadership transition is accompanied by optimism for New Relic's strategy and anticipated success, though it includes forward-looking statements subject to uncertainties.