Scott Farquhar announces step down from co-CEO of Atlassian

The co-chief executive of a billion-dollar Australian business has stepped down after more than two decades with the company.

Atlassian announced Scott Farquhar will step down during the release of their third quarter financial results on Thursday.

“This quarter will be marked by more than a momentous cloud milestone,” the company wrote in a letter to shareholders.

“After an incredible 23 years, Scott Farquhar has made the decision to step down as co-CEO.”

Mr Scott’s last day as co-chief executive will be August 31, 2024, however he will remain active as a Board member and assume a special adviser role.

Mike Cannon-Brookes will continue to lead as chief executive.

More to come.