TechCrunch has discovered that Docker CEO Steve Singh will likely be stepping down after two years on the helm, and former Hortonworks CEO Rob Bearden will likely be taking on. An electronic mail announcement, went out this morning to Docker staff.
Folks near the corporate confirmed that Singh will likely be leaving the CEO place, staying on the job for a number of months to assist Bearden with the transition. He’ll then stay with the group in his function as Chairman of the Board. They indicated that Bearden has been working intently with Singh over the past a number of months as a candidate to hitch the board and as a guide to the chief workforce.
Singh clicked with him and seen him as a potential successor, particularly given his background with management positions at a number of open supply corporations, together with taking Hortonworks public before selling to Cloudera last year. Singh apparently noticed somebody who may take the corporate to the subsequent degree as he moved on. As one particular person put it, he was uninterested in working 75 hours per week, however he wished to depart the corporate within the arms of succesful steward.
Final week in an interview at DockerCon, the corporate’s annual buyer convention in San Francisco, Singh appeared drained, however a frontrunner who was assured in his place and who noticed a brilliant future for his firm. He spoke overtly about his management philosophy and his efforts to elevate the corporate from the doldrums it was in when he took over two years prior, serving to remodel it from a principally free open supply providing right into a revenue-generating firm with 750 paying enterprise prospects.
In truth, he advised me that beneath his management the corporate was on observe to change into free money stream optimistic by the top of this fiscal yr, a step he mentioned would imply that Docker would now not want to hunt exterior capital. He even talked of the corporate finally going public.
Apparently, he felt it was time to cross the torch earlier than the corporate took these steps, noticed an acceptable successor in Bearden and provided him the place. Whereas it may need made extra sense to announce this at DockerCon with the highlight targeted on the corporate, it was not a executed deal but by the point the convention was underway in San Francisco, individuals near the corporate defined.
Docker took a $92 investment last year, which some noticed as an indication of continuous struggles for firm, however Singh mentioned he took the cash to proceed to put money into constructing revenue-generating enterprise merchandise, some of which were announced at DockerCon final week. He indicated that the corporate would seemingly not require any extra funding shifting ahead.
As for Bearden, he’s an skilled govt with a historical past of profitable exits. Along with his expertise at Hortonworks, he was COO at SpringSource, a developer instrument suite that was sold to VMware for $420 million in 2009 (and is now a part of Pivotal). He was additionally COO at JBoss, an open supply middleware firm acquired by Crimson Hat in 2006.
Whether or not he’ll do the identical with Docker stays to be seen, however as the brand new CEO, will probably be as much as him to information the corporate shifting ahead to the subsequent steps in its evolution, whether or not that finally leads to a sale or the IPO that Singh alluded to.
Electronic mail to workers from Steve Singh:
Be aware: Docker has now confirmed this story in a press release.