New Relic (NYSE: NEWR), the observability company, announced David Barter as the company’s next Chief Financial Officer. In this role, Barter will oversee global finance operations. Barter will assume the CFO role from Mark Sachleben, who, as previously announced, will retire from the company after 14 years of service.

“David brings exceptional experience accelerating the business goals of high growth companies like Microsoft and General Electric, and is the right leader to be our next CFO,” said New Relic CEO Bill Staples. “His fresh perspective, integrity, decisiveness, and accountability will be invaluable to New Relic as we continue to drive our long-term growth strategy of putting the power of data in the hands of the world’s software engineers.”

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Barter brings nearly three decades of high-growth public and private company finance experience to New Relic. Most recently, Barter served as CFO of C3 AI, where he led the company through a successful IPO. Previously, he held the CFO position at Model N and led finance teams at Microsoft, General Electric, and Guidewire Software. Barter is an established business leader with proven success leading the financial strategies of public companies in the technology sector. He holds a Master of Business Administration and Master of Engineering Management from Northwestern University’s Kellogg School of Management, and a Bachelor of Business Administration in Finance and Philosophy from University of Notre Dame.

“I was drawn to New Relic because of its reputation as an industry-leading observability company and its focus on engineers with an innovative platform and business model,” said David Barter. “I’m looking forward to working with the excellent team already in place, and helping the business scale to realize its growth and profitability goals while delivering industry leading software to its customers.”

The company expects its Board of Directors to formally appoint Mr. Barter to the role on August 17, 2022, at which time Mr. Sachleben will transition into an advisory role. For more information on career opportunities at New Relic, please visit www.newrelic.com/about/careers.

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