Alteryx Announces Mark Anderson to Succeed Dean Stoecker as CEO

Alteryx, Inc., a leader in analytic process automation (APA), announced that Mark Anderson, a current member of Alteryx’s Board of Directors, has been appointed to succeed Dean Stoecker, Alteryx’s Co-founder, Chairman, and current Chief Executive Officer, as Alteryx’s Chief Executive Officer. Mr. Anderson is a seasoned executive with a proven track record guiding enterprise technology organizations as they grow and scale, including as President of Palo Alto Networks. The Company also announced that Mr. Stoecker has been appointed as Alteryx’s Executive Chairman and will continue to serve as Chairman of the Board of Directors.

“Scaling Alteryx from one client and three employees to a global leader in the analytics market with over 1,500 employees, over 6,700 customers and 18 offices around the world has been one of my greatest accomplishments. I am incredibly proud and honored to have led the team that built Alteryx over the past 23 years,” said Mr. Stoecker.

“When I decided to transition from day-to-day operations, it was clear to me that Mark is the ideal candidate to serve as Alteryx’s next CEO given his passion for our company and our newly created Analytic Process Automation category, coupled with his experience in scaling organizations. Since joining our Board two years ago, Mark has proven himself as a trusted advisor providing valuable insights and strategic direction. I am confident that Alteryx will achieve new heights under his leadership,” Mr. Stoecker continued.

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“I am honored and excited to be Alteryx’s new CEO,” said Mr. Anderson. “Digital transformation is accelerating globally and Alteryx’s product vision and strategic positioning align closely with the market convergence of people, process and data. Building and enabling high performing teams – especially at Alteryx’s stage – is my professional and personal passion. I look forward to partnering closely with Dean, the rest of the Board and the entire Alteryx team as we embark on the next phase of our growth.”

“On behalf of the Board, we are thrilled to welcome Mark into the CEO role,” said Charles Cory, Lead Independent Director. “Mark is an ideal leader for Alteryx at this time of great potential for our company. In addition to his knowledge of Alteryx, Mark brings the skills and expertise that we believe will enable us to capitalize on the massive market opportunities Dean helped create. We strongly believe Mark’s outstanding sales and go-to-market experience combined with Dean’s continued support as Executive Chairman is a winning combination that will accelerate significant growth and value creation.”

Mr. Cory continued, “Since Alteryx’s founding, Dean has not only built a global company distinguished by its game-changing data science and analytics, he has established a corporate culture that thrives on innovation, collaboration, inclusion, and diversity. Dean’s exceptional leadership over the last 23 years and these differentiators have paved the way for Alteryx’s success and strong industry position as a public company. We know he will continue to make valuable contributions as Executive Chairman of Alteryx.”

Alteryx currently expects that total revenue for the third quarter ended September 30, 2020 will be in the range of $126.0 million to $128.0 million, representing 22% to 24% year-over-year growth, ahead of the previously issued guidance of $111.0 million to $115.0 million.

Alteryx expects to report its third-quarter 2020 financial results and host a conference call to discuss these results after the U.S. financial markets close on Thursday, November 5, 2020.

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Mark Anderson is a seasoned executive with a proven track record of rapidly building and scaling organizations for growth and profitability and serving enterprise customers with a high level of quality and integrity.

Mr. Anderson is the former president of Palo Alto Networks, where he was responsible for sales, go-to-market (GTM), and customer satisfaction as well as business and corporate development, and is the former chief growth officer of Anaplan. At Palo Alto Networks, Mr. Anderson helped build out GTM teams to support rapid growth. During Mr. Anderson’s tenure, Palo Alto Networks grew to become one of the largest security companies in the world. Before Palo Alto Networks, Mr. Anderson led worldwide sales activities at F5 Networks and was instrumental in the GTM success and growth in the Application Delivery Controller marketplace. Earlier, he held leadership positions at Lucent Technologies and Cisco Systems.

Mr. Anderson was the first independent board member at Avi Networks, a private, multi-cloud ADC innovator in Silicon Valley, and has served on the board of directors of Cloudflare, Inc. since August 2019. He holds a B.A. in business and economics from York University in Toronto.

Dean Stoecker co-founded Alteryx in 1997 and has since lead the company through strong organic revenue and customer growth, product innovation, global expansion, and a successful IPO in March 2017—recognized as a top performer in the class of 2017. Dean’s leadership and motivational skills, along with his ability to create, communicate, and realize a vision, are a driving force behind the company’s 20+ year success.

Mr. Stoecker serves as advisor to entrepreneurs and is an active philanthropist, creating the Alteryx for Good program to bring the thrill of solving real-world problems to non-profits, educators and local communities. Dean is passionate about humanizing the world of data science and analytics, evident in the company’s culture, extensive resources for continued education and efforts to influence social change. Dean was recognized as an Outstanding Public Company CEO by OCTANE and received the EY Entrepreneur Of The Year® 2017 Award in the Orange County Region.

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