Alteryx, Inc., a leader in analytic process automation (APA™), announced that Mark Anderson, a current member of Alteryx’s Board of Directors, has been appointed to succeed Dean Stoecker, Alteryx’s Co-founder, Chairman and current Chief Executive Officer, as Alteryx’s Chief Executive Officer, effective today. Mr. Anderson is a seasoned executive with a proven track record guiding enterprise technology organizations as they grow and scale, including as President of Palo Alto Networks. The Company also announced that Mr. Stoecker has been appointed as Alteryx’s Executive Chairman and will continue to serve as Chairman of the Board of Directors.
“Scaling Alteryx from one client and three employees to a global leader in the analytics market with over 1,500 employees, over 6,700 customers and 18 offices around the world has been one of my greatest accomplishments. I am incredibly proud and honored to have led the team that built Alteryx over the past 23 years,” said Mr. Stoecker.
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“When I decided to transition from day-to-day operations, it was clear to me that Mark is the ideal candidate to serve as Alteryx’s next CEO given his passion for our company and our newly created Analytic Process Automation category, coupled with his experience in scaling organizations. Since joining our Board two years ago, Mark has proven himself as a trusted advisor providing valuable insights and strategic direction. I am confident that Alteryx will achieve new heights under his leadership,” Mr. Stoecker continued.
“I am honored and excited to be Alteryx’s new CEO,” said Mr. Anderson. “Digital transformation is accelerating globally and Alteryx’s product vision and strategic positioning align closely with the market convergence of people, process and data. Building and enabling high performing teams – especially at Alteryx’s stage – is my professional and personal passion. I look forward to partnering closely with Dean, the rest of the Board and the entire Alteryx team as we embark on the next phase of our growth.”
“On behalf of the Board, we are thrilled to welcome Mark into the CEO role,” said Charles Cory, Lead Independent Director. “Mark is an ideal leader for Alteryx at this time of great potential for our company. In addition to his knowledge of Alteryx, Mark brings the skills and expertise that we believe will enable us to capitalize on the massive market opportunities Dean helped create. We strongly believe Mark’s outstanding sales and go-to-market experience combined with Dean’s continued support as Executive Chairman is a winning combination that will accelerate significant growth and value creation.”
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Mr. Cory continued, “Since Alteryx’s founding, Dean has not only built a global company distinguished by its game-changing data science and analytics, he has established a corporate culture that thrives on innovation, collaboration, inclusion and diversity. Dean’s exceptional leadership over the last 23 years and these differentiators have paved the way for Alteryx’s success and strong industry position as a public company. We know he will continue to make valuable contributions as Executive Chairman of Alteryx.”
Updated Third Quarter Financial Outlook
Alteryx currently expects that total revenue for the third quarter ended September 30, 2020 will be in the range of $126.0 million to $128.0 million, representing 22% to 24% year-over-year growth, ahead of the previously issued guidance of $111.0 million to $115.0 million.
This information is based on information available to Alteryx as of the date of this release and is subject to the completion of its quarterly financial closing procedures and review by Alteryx’s independent registered public accounting firm.
Alteryx expects to report its third quarter 2020 financial results and host a conference call to discuss these results after the U.S. financial markets close on Thursday, November 5, 2020.
