Elastic NV pulled lower after founder steps down as CEO

Elastic

13/01/2022 18:01

** Shares of Elastic NV  ESTC.N  tumble ~11% after founder Shay
Banon stepped down from CEO and chairman positions
    ** The search engine software co said https://ir.elastic.co/news-events/press-releases/press-releases-details/2022/Elastic-Promotes-Ashutosh-Kulkarni-to-CEO/default.aspx
 Ashutosh Kulkarni was promoted to CEO. Kulkarni joined ESTC as
chief product officer a year ago
    ** Stock down ~19% YTD and down 34% over past 12 months

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; Twitter: @randewich;))