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New Relic Management

Management criteria checks 1/4

New Relic's CEO is Bill Staples, appointed in Jul 2021, has a tenure of 2.33 years. total yearly compensation is $23.21M, comprised of 2.5% salary and 97.5% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth €9.08M. The average tenure of the management team and the board of directors is 2.3 years and 2.4 years respectively.

Key information

Bill Staples

Chief executive officer

US$23.2m

Total compensation

CEO salary percentage	2.5%
CEO tenure	2.3yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Staples's remuneration changed compared to New Relic's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	-US$144m
Jun 30 2023	n/a	n/a	-US$167m
Mar 31 2023	US$23m	US$585k	-US$180m
Dec 31 2022	n/a	n/a	-US$179m
Sep 30 2022	n/a	n/a	-US$215m
Jun 30 2022	n/a	n/a	-US$222m
Mar 31 2022	US$14m	US$480k	-US$250m
Dec 31 2021	n/a	n/a	-US$257m
Sep 30 2021	n/a	n/a	-US$247m
Jun 30 2021	n/a	n/a	-US$241m
Mar 31 2021	US$795k	US$405k	-US$193m
Dec 31 2020	n/a	n/a	-US$159m
Sep 30 2020	n/a	n/a	-US$132m
Jun 30 2020	n/a	n/a	-US$104m
Mar 31 2020	US$6m	US$52k	-US$89m

Compensation vs Market: Bill's total compensation ($USD23.21M) is above average for companies of similar size in the German market ($USD2.61M).

Compensation vs Earnings: Bill's compensation has increased whilst the company is unprofitable.

CEO

Bill Staples (50 yo)

2.3yrs

Tenure

US$23,214,892

Compensation

Mr. William Staples, also known as Bill, serves as Chief Executive Officer and Director at New Relic, Inc. since July 1, 2021. He served as Chief Product Officer of New Relic, Inc. since February 14, 2020...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lewis Cirne	Founder & Non-Executive Chairman of the Board	15.8yrs	no data	6.67% € 384.7m
William Staples	CEO & Director	2.3yrs	US$23.21m	0.16% € 9.1m
David Barter	Chief Financial Officer	1.3yrs	US$17.21m	0.034% € 2.0m
Kristy Friedrichs	Chief Operating Officer	2.3yrs	US$3.56m	0.020% € 1.1m
Thomas Lloyd	Chief Legal Officer & Corporate Secretary	5.4yrs	US$4.40m	0.0092% € 531.4k
Mark Dodds	Chief Revenue Officer	1.1yrs	US$11.72m	0.025% € 1.4m
Siva Padisetty	Chief Technology Officer	less than a year	no data	no data
Tracy Williams	Chief People & Diversity Officer	2.3yrs	no data	no data
Manav Khurana	Chief Product Officer	2.3yrs	no data	no data
Peter Pezaris	Chief Design & Strategy Officer	1.6yrs	no data	no data
Ishan Mukherjee	Senior Vice President of Growth	less than a year	no data	no data

2.3yrs

Average Tenure

51yo

Average Age

Experienced Management: 2NR's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lewis Cirne	Founder & Non-Executive Chairman of the Board	15.8yrs	no data	6.67% € 384.7m
William Staples	CEO & Director	2.3yrs	US$23.21m	0.16% € 9.1m
Hope Cochran	Vice Chair of the Board & Lead Independent Director	5.5yrs	US$262.03k	0.014% € 815.8k
David Henshall	Independent Director	3.3yrs	US$252.48k	0.017% € 986.6k
Takeshi Numoto	Independent Director	1.9yrs	US$232.09k	0.0069% € 399.2k
Kevin Galligan	Independent Director	1.4yrs	US$261.72k	no data
Anne DelSanto	Independent Director	3.3yrs	US$247.62k	0.010% € 598.9k
Susan Arthur	Independent Director	1.4yrs	US$261.72k	0.0096% € 552.1k
Radhakrishnan Mahendran	Independent Director	2.4yrs	US$249.53k	0.0085% € 492.1k
Phalachandra Bhat	Independent Director	1.4yrs	US$261.72k	0.0055% € 317.3k

2.4yrs

Average Tenure

52yo

Average Age

Experienced Board: 2NR's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

This company listing is no longer active

New Relic Management

Management criteria checks 1/4

Key information

Recent management updates

New Relic Appoints Christopher Jones as Chief Revenue Officer

New Relic Announces Chief Financial Officer Changes

New Relic Appoints Ashan Willy as Chief Executive Officer

New Relic, Inc. Announces Board Changes

High number of new directors

New Relic, Inc., Annual General Meeting, Aug 16, 2023

Recent updates

New Relic Integrates its Observability Platform with NVIDIA NIM to Accelerate AI Adoption and ROI

New Relic Enhances AI Monitoring, Industry's First APM for AI

New Relic Appoints Christopher Jones as Chief Revenue Officer

New Relic Announces Chief Financial Officer Changes

New Relic Appoints Ashan Willy as Chief Executive Officer

New Relic, Inc. Files Form 15

New Relic Launches New Relic Ai Monitoring

New Relic, Inc. Announces Board Changes

Investment funds advised by Francisco Partners Management, L.P. and TPG Capital, L.P. and Lew Cirne completed the acquisition of New Relic, Inc. (NYSE:NEWR) from JANA Partners LLC, HMI Capital Management, L.P., Lew Cirne, Eminence Capital, LP, The Vanguard Group, Inc. and others.

New Relic, Inc.(NYSE:NEWR) dropped from NASDAQ Internet Index

New Relic Stock To Be Delisted Upon Completion of the Acquisition

High number of new directors

New Relic, Inc. Launches Session Replay

New Relic Enhances AIOps with the Industry's First AI Recommended Alerts

Investment funds advised by Francisco Partners Management, L.P. and TPG Capital, L.P. and Lew Cirne entered into a definitive agreement to acquire New Relic, Inc. (NYSE:NEWR) from JANA Partners LLC, HMI Capital Management, L.P., Lew Cirne and others for $6.9 billion.

Investment funds advised by Francisco Partners Management, L.P. and TPG Capital, L.P. and Lew Cirne entered into a definitive agreement to acquire New Relic, Inc. (NYSE:NEWR) from JANA Partners LLC, HMI Capital Management, L.P., Lew Cirne and others for $6.9 billion.

New Relic Launches Interactive Application Security Testing

New Relic, Inc. to Report Q1, 2024 Results on Aug 08, 2023

New Relic, Inc., Annual General Meeting, Aug 16, 2023

New Relic, Inc. Announces Caroline Watteeuw Carlisle Do Not Stand for Re-Election as Member of the Board of Directors At 2023 Annual Meeting of Stockholders

New Relic Expands the Open Source Integration Ecosystem, New Relic Instant Observability to Further Democratize Access to Observability Across the Software Stack

New Relic, Inc. Announces Executive Changes

Key Executive recently sold €974k worth of stock

Now 20% undervalued

New Relic, Inc. Provides Earnings Guidance for the Fiscal First Quarter Ending June 30, 2023 and Fiscal Year Ending March 31, 2024

Full year 2023 earnings released: US$2.67 loss per share (vs US$3.88 loss in FY 2022)

Insider recently sold €113k worth of stock

Now 21% undervalued

Third quarter 2023 earnings released: US$0.38 loss per share (vs US$0.96 loss in 3Q 2022)

New Relic, Inc. Raises Revenue Guidance for the Fiscal Year Ending March 31, 2023

New Relic, Inc. Launches Industry’s Only Full-Stack Change Tracking Solution

New Relic, Inc. Announces Availability of the Azure Native New Relic Service in the Microsoft Azure Marketplace

New Relic, Inc. to Report Q3, 2023 Results on Feb 07, 2023

New Relic Launches New Error Tracking Capabilities

High number of new directors

Second quarter 2023 earnings released: US$0.70 loss per share (vs US$0.84 loss in 2Q 2022)

New Relic, Inc. Provides Earnings Guidance for Third Quarter Ending December 31, 2022 and Updates Guidance for Year Ending March 31, 2023

New Relic, Inc. to Report Q2, 2023 Results on Nov 08, 2022

New Relic Hires Aws Alum Mark Dodds as Chief Revenue Officer

New Relic, Inc. Announces Executive Appointments

First quarter 2023 earnings released: US$0.76 loss per share (vs US$1.24 loss in 1Q 2022)

New Relic, Inc. Announces Appointment of David Barter as Chief Financial Officer, Effective August 17, 2022

New Relic Reportedly to Explore Sale Options Amid Takeover Interest

New Relic Launches Agentless Monitoring for SAP? Solutions

New Relic, Inc. to Report Q1, 2023 Results on Aug 04, 2022

New Relic, Inc., Annual General Meeting, Aug 17, 2022

New Relic Launches Partner Stack to Accelerate Channel Partner Program

New Relic, Inc. Announces Board Changes, Effective June 13, 2022

New Relic Expands Instant Observability Ecosystem

New Relic, Inc. Provides Earnings Guidance for the First Quarter and Full Fiscal Year of 2023

Full year 2022 earnings released: US$3.88 loss per share (vs US$3.15 loss in FY 2021)

Mark Sachleben to Retire as Chief Financial Officer of New Relic

High number of new directors

New Relic Adds Infinite Tracing for Browser, Mobile, and Serverless Applications

New Relic Launches Data Plus Offering

New Relic, Inc. to Report Q4, 2022 Results on May 12, 2022

New Relic, Inc. Launches Service Level Management

New Relic Launches New Kubernetes Experience

New Relic Announces General Availability of New Infrastructure Monitoring Experience

Now 31% undervalued after recent price drop

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

New Relic, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Fiscal Year of 2022

High number of new directors

Second quarter 2022 earnings released: US$0.84 loss per share (vs US$0.79 loss in 2Q 2021)

New Relic, Inc. Provides Revenue Guidance for the Second Quarter and Full Year of Fiscal Year 2022

First quarter 2022 earnings released: US$1.24 loss per share (vs US$0.50 loss in 1Q 2021)

High number of new directors

New Relic Unveils Innovation and Community Initiatives to Put Power of Telemetry Data in the Hands of Every Engineer At Every Stage of the Software Lifecycle