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    GitLab Names Bill Staples as New CEO

    12/5/24 4:05:00 PM ET
    $GTLB
    Computer Software: Prepackaged Software
    Technology
    Get the next $GTLB alert in real time by email

    Co-founder Sid Sijbrandij transitions to Executive Chair of the Board

    All Remote—GitLab Inc., (NASDAQ:GTLB), the most comprehensive AI-powered DevSecOps platform, announced Bill Staples was named CEO and a member of the board of directors effective today. Staples succeeds co-founder and CEO Sid Sijbrandij, who is stepping down from the day-to-day role to focus on his health. At the same time, Sijbrandij will transition to executive chair of GitLab's board of directors.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205391064/en/

    Bill Staples, CEO at GitLab (Photo: Business Wire)

    Bill Staples, CEO at GitLab (Photo: Business Wire)

    "I am very pleased to welcome Bill to the role of CEO at GitLab. I believe his passion for software, commitment to customers, and strong track record make him the right person to lead the company going forward," said Sid Sijbrandij, GitLab co-founder and executive chair of the board of GitLab Inc. "What started as a collaboration tool for developers is now the leading AI-powered DevSecOps platform. I am confident GitLab is well-positioned for continued success in the next phase of our journey. This is the right time to focus on my cancer treatment and health. My treatments are going well, my cancer is not metastatic, and I'm working towards making a full recovery."

    "I'd like to thank Sid for his vision and leadership throughout the last decade. Over that time, GitLab has grown to be a market-leading DevSecOps company which now serves more than 10,000 customers with over $750M in run-rate revenue," said Godfrey Sullivan, lead independent director, GitLab board of directors. "Looking ahead, the board and I could not be happier to welcome Bill to the role of GitLab CEO. His track record of bringing teams together, experience scaling enterprise software organizations, and focus on innovation makes him the right person to lead the company."

    "For the past twelve years, Sid and the team have established GitLab as the most comprehensive AI-powered DevSecOps platform that developers love, and enterprises around the world rely on for software innovation," said Bill Staples, CEO, GitLab. "I am honored and excited to lead the company into this next chapter and to help our customers and partners accelerate innovation and deliver business value."

    As CEO at New Relic, Staples' strategic leadership and deep product knowledge significantly increased the company's enterprise value. By accelerating revenue and driving increased profitability, he made New Relic one of the most broadly adopted platforms in its category. Staples has nearly 30 years of experience building developer platforms and serving developers as customers. Prior to New Relic, he spent many years at Microsoft and Adobe in executive leadership roles, building and scaling several multi-billion-dollar businesses.

    About GitLab

    GitLab is the most comprehensive AI-powered DevSecOps platform for software innovation. GitLab enables organizations to increase developer productivity, improve operational efficiency, reduce security and compliance risk, and accelerate digital transformation. More than 40 million registered users and more than 50% of the Fortune 100 trust GitLab to ship better, more secure software faster.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241205391064/en/

    Get the next $GTLB alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Q&A

    New
    • Who has been appointed as the new CEO of GitLab?

      Bill Staples has been named the new CEO of GitLab, succeeding co-founder Sid Sijbrandij.

    • What role will Sid Sijbrandij take on after stepping down as CEO?

      Sid Sijbrandij is transitioning to the role of executive chair of the board while focusing on his health.

    • What was Bill Staples' previous role before becoming the CEO of GitLab?

      Bill Staples was the CEO at New Relic, where he significantly increased the company's enterprise value and profitability.

    • What type of platform does GitLab provide and what are its main benefits?

      GitLab offers an AI-powered DevSecOps platform for software innovation, aimed at increasing developer productivity and reducing security risks.

    • How many customers does GitLab serve and what is its approximate run-rate revenue?

      GitLab serves over 10,000 customers and has a run-rate revenue of over $750 million.

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