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Story image promotes Derek Holt to Chief Executive Officer
Thu, 16th Feb 2023
FYI, this story is more than a year old, the software development platform that focuses on artificial intelligence, has announced that Derek Holt will take over as the new CEO. Holt, who joined in 2020, has been promoted from his previous role as General Manager of the Intelligent DevOps division, which he led to become an industry leader. The previous CEO, Stephen Elop, will now assume the role of Executive Chairman, a position he previously held in 2020. He will remain engaged with customers and the management team. is helping to accelerate digital transformation within the Global 2000, said Holt. The company provides an industry-leading AI-powered DevOps platform that helps customers improve and secure their software development and delivery process, all while gaining a deeper understanding of the return on investment of their technology spend. "I'm excited to come into this role and look forward to working with Stephen, the board, our customers, and the team as we write the next chapter of our story," said Holt.

As the previous General Manager of the Intelligent DevOps division, Holt improved's industry leadership across the DevOps portfolio. He also led the integration of several companies acquired by, resulting in increased total revenue, profitability, and employee engagement for the company. is a recognized industry leader that helps over 50% of the Fortune 500 optimize business value from the software they deliver.

"Derek brings a wealth of experience having led's largest division over the last several years, and I am confident in the company's future under his leadership," said Elop. Nehal Raj and Art Heidrich of TPG, the investment firm backing, also praised Holt for his deep understanding of the industry and's strategy and ethos.'s AI-powered DevOps platform unifies, secures, and generates predictive insights across the software lifecycle. The platform empowers organizations to scale software development teams, continuously deliver software with greater quality and security, and uncover new market opportunities, enhancing business value through smarter software investments. With Holt's promotion, is poised to enter its next phase of growth as a leading solution for modern software development.