Bill Staples has been promoted to CEO of New Relic, effective July 1, 2021, after serving as President and Chief Product Officer since February 2020. Bill's vision for the company's strategy and opportunity resonated with the founder, Lew Cirne, who will step down as CEO and become Executive Chairman. Bill's leadership has driven significant transformation, including a shift to a consumption-based business model, major product releases, and acquisitions. He is seen as a strong strategic and operational executive who lives the New Relic core values of being bold, passionate, accountable, authentic, and connected to customers and users. Lew Cirne will support Bill as he leads the company into its future, while Hope Cochran takes on the new title of Vice Chair and Lead Independent Director. The promotion is subject to forward-looking statements and assumptions about New Relic's future growth and market position.