Atlassian co-founder Scott Farquhar steps down in shock announcement trends now
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The co-chief executive of Australia's biggest tech business has stepped down more than two decades after he founded the company with his friend.
Atlassian announced Scott Farquhar will exit the company during the release of its third quarter financial results on Thursday, leaving co-founder Mike Cannon-Brookes to continue as the sole chief executive.
'I'm stepping down as co-CEO of Atlassian after an incredible 23 years. I'm so grateful to everyone along this journey,' Mr Farquhar wrote on X.
Mr Farquhar's last day will be August 31 but he will remain active as a board member and assume a special adviser role.
His wealth in 2023 was estimated to be $18.6billion, placing him seventh on the Australian Financial Review's Rich List, one spot behind Cannon-Brookes.
Atlassian joint CEO Scott Farquhar will step down from his role to focus on his family and philanthropic efforts
Farquhar's wealth was $18.6billion in 2023 making him the country's seventh richest person (pictured with wife Kim Jackson)
'It's with a full but heavy heart that I share my decision to step down as Atlassian's co-CEO,' Mr Farquhar said.
'At this important juncture in my personal and professional life, I hope you will let me indulge in some nostalgia and pride.'
Atlassian was founded by Farquhar and Cannon-Brookes in 2002.
The pair met studying at the University of
