Cloudera CEO Rob Beardon is stepping down according to insider reports stemming from a company town hall meeting this week.
Beardon said the decision to step down was his own and not the result of firing or being asked to leave, reported "The Insider," which broke the news yesterday. He became CEO in 2020 after Cloudera acquired Hortonworks where he was co-founder and CEO.
Founded in 2008, Cloudera is an American software and enterprise data management and analytics platform. Affiliates of Clayton, Dubilier & Rice (“CD&R”) and KKR acquired the company in June 2021 in an all cash transaction valued at approximately $5.3 billion.
Cloudera has not published an earnings report since being taken private, but for the quarter ended July 31, 2021 posted revenue of $236.1 million, the vast majority of which was subscription revenue. However it posted a loss of $32.9 million.
Silverlinings reached out to Cloudera for comment but had not heard back from the company as of press time.
According to his corporate bio, prior to Cloudera, Bearden was co-founder and CEO of Hortonworks, a publicly traded open-source company that merged with Cloudera in 2019. He also served as President and COO of SpringSource, a leading provider of open-source developer tools, until its acquisition by VMWare in 2009. Before joining SpringSource, Bearden served as Entrepreneur in Residence at Benchmark Capital. He also served as COO of JBoss, a leading open-source middleware company, until its acquisition by Red Hat in 2006.
This is a developing story.