– USA, CA – New Relic (NYSE: NEWR), the observability company, today announced the appointment of Pali Bhat to its Board of Directors, effective June 13, 2022, bringing more than 15 years of expertise in leading teams and products across consumer services, developer platforms, fintech, and cloud.
“We are pleased to welcome an executive of Pali’s caliber to the Board,” said Founder and Executive Chairman, Lew Cirne.
The company also announced the appointments of Kevin Galligan, a Partner of JANA Partners LLC and Director of Research at JANA Strategic Investments, and Susan Arthur, CEO of CareerBuilder, LLC, to the Board of Directors, effective June 13, 2022.
“We are pleased with the constructive engagement we have had with JANA, as we do with all shareholders, and welcome Kevin and Susan to the New Relic Board,” said Vice-Chair and Lead Independent Director, Hope Cochran “We are confident that with their diversified expertise and relevant experience, Kevin and Susan will add valuable perspective in the boardroom as we execute on our strategic plan to accelerate growth and drive shareholder value.”
Concurrently, Jim Tolonen, Dan Scholnick, and Adam Messinger will step down from the Board, effective June 13, 2022.
About Phalachandra (Pali) Bhat
Pali Bhat has served as CPO of Reddit, Inc., an online community of communities, since October 2021. Before Reddit, Mr. Bhat worked for Google, Inc. from March 2011 to October 2021, where he was most recently VP of Product Management from May 2017 to October 2021. Earlier in his career, Mr. Bhat was VPt at SAP Labs and a consultant with McKinsey & Co.
Mr. Bhat said, “I am honored to have the opportunity to serve on the Board to help deliver on New Relic’s mission of helping every engineer take a data-driven approach at every stage of the software lifecycle. I look forward to contributing my expertise to further grow New Relic and transform customer experiences to succeed in today’s digital environment, and deliver enhanced value for shareholders.”
Mr. Bhat holds an M.S. in Computer Science from the University of Illinois Urbana-Champaign and an M.B.A. from Duke University.
About Kevin Galligan
Kevin Galligan has 15 years of experience investing in companies and driving shareholder value. He is a Partner of JANA Partners LLC and Director of Research of JANA Strategic Investments, a strategic investment fund specializing in enhancing shareholder value through active engagement. Mr. Galligan joined JANA Partners LLC in 2011 from Kohlberg Kravis Roberts & Company where he was a Principal in the North American Private Equity Group. Before that, he worked in the Mergers & Acquisitions Advisory Division of The Blackstone Group.
Kevin Galligan said, “We appreciate the productive conversations we have had with the New Relic Board. We are excited about the company’s future as it continues to leverage its unique and competitive product to deliver new accounts, data, and user growth, and we look forward to working closely with the directors and management team to realize the company’s value potential on behalf of all New Relic shareholders.”
Mr. Galligan holds a B.A. in Economics from Columbia University.
About Susan D. Arthur
Ms. Arthur currently has served as CEO of CareerBuilder, LLC, a marketplace for job seekers and employers, since 2021. Previously, Ms. Arthur served as COO at OptumInsight, the healthcare technology services division of United Health Group Incorporated (NYSE: UNH). Before joining OptumInsight, Ms. Arthur served in various corporate development and operating company roles, including as Group President of Vertical Industries at NTT Data, a multinational information technology service and consulting company. Before that, Ms. Arthur served as VP and General Manager at DXC Technology Company (NYSE: DXC), a multinational provider of information technology services and business consulting. Ms. Arthur formerly served as a VP and GM at Hewlett Packard, and later Hewlett Packard Enterprise Company, leading their healthcare, life sciences, communications, media, and entertainment sectors, as well as the Canada public sector business.
Ms. Arthur has also served on the Board and Audit Committee of Rackspace Technology, Inc. (NASDAQ: RTX), a cloud computing services company, and serves as a member of the board of directors and Strategic Planning Committee of the Make-A-Wish Foundation, a nonprofit organization that helps fulfill the wishes of children with a critical illness.
Ms. Arthur holds a B.A. in Economics and Spanish from Gettysburg College.
About New Relic
As a leader in observability, New Relic empowers engineers with a data-driven approach to planning, building, deploying, and running great software. New Relic delivers the only unified data platform that empowers engineers to get all telemetry—metrics, events, logs, and traces—paired with powerful full-stack analysis tools to help engineers do their best work with data, not opinions. Delivered through the industry’s first usage-based consumption pricing that’s intuitive and predictable, New Relic gives engineers more value for the money by helping improve planning cycle times, change failure rates, release frequency, and mean time to resolution. This helps the world’s leading brands including American Red Cross, Australia Post, Banco Inter, Chegg, Gojek, Signify Health, TopGolf, World Fuel Services, and Zalora improve uptime, reliability, and operational efficiency to deliver exceptional customer experiences that fuel innovation and growth.
For more information: https://newrelic.com/
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