Global enterprise cloud data management provider, Informatica, has announced that its Board of Directors has named Amit Walia Chief Executive Officer (CEO). Mr. Walia succeeds Anil Chakravarthy, who is stepping down from his role as CEO after leading the company during a period of “meaningful transformation and growth” to pursue other professional opportunities.
Most recently, Amit Walia served as Informatica’s President of Products and Marketing. He has been an integral member of Informatica’s leadership team since joining the company in 2013. During this time, Informatica has undergone a substantial transformation as it has entered new markets; launched Informatica Intelligent Cloud Services and new A.I. driven solutions; deepened its strategic partnerships with ecosystem providers like AWS, Microsoft and GCP; and made its entire portfolio available by subscription.
$1 Billion Recurring Revenue
As a result of Informatica’s consistent innovation and execution, the company has been identified as a leader in all 5 Gartner Magic Quadrants in which it participates. It expects record proforma net new bookings performance in Q4 2019 and more than $1 billion in recurring revenue in FY 2019.
“I am honored to serve as CEO during this extraordinary era of digital transformation, as Informatica is perfectly positioned to capitalize on this shift and help customers unleash the power of data,” said Amit Walia. “We are privileged to have a great customer base, an amazing team of employees across the globe, and a unique leadership position in all the markets where we compete. I look forward to working closely with the company’s Board and leadership team to continue building upon the exceptional transformation we have executed over the past few years and scale a long-term innovation driven organization. Our best days are truly ahead of us.”
Previously, as President of Products and Marketing, Amit Walia was responsible for Informatica’s product strategy, product management, product development, user experience, strategic ecosystems strategy and global marketing function.
Walia previously served as Informatica’s Executive Vice President and Chief Product Officer, where he spearheaded the company’s innovation journey across all parts of the Enterprise Cloud Data Management market (Data Integration, iPaaS, Data Quality, Data Governance, Mater Data Management, Enterprise Data Catalog, and Data Privacy).
Prior to joining Informatica, Walia worked in various leadership positions at Symantec, Intuit, and McKinsey & Company, and also spent the earlier part of his career working for Tata Group and Infosys Technologies in India. In these roles, he led large global organizations focused on growth driven by customer-centric innovation, new market expansion and mergers & acquisitions.
Further Expansion Leadership Team
Informatica has also announced that Tracey Newell‘s role as President, Global Field Operations is being expanded to President, Global Field and Marketing Operations, bringing all of Informatica’s customer facing go-to-market functions under one organization in order to deliver a remarkable end-to-end customer experience.
In her expanded role, Tracey Newell will now also be responsible for the company’s brand, digital, field and portfolio marketing initiatives. Prior to joining Informatica in 2018, Tracey Newell served as Executive Vice President of Global Field Operations and Customer Success at Proofpoint. Shew has also held senior leadership positions at Polycom, Juniper Networks and Cisco. Newell also served on the Board of Informatica from 2016-2018.
Additionally, Vineet Walia, Informatica’s Senior Vice President and Chief Strategy Officer, has been promoted to Executive Vice President. As Executive Vice President, Vineet Walia will continue to work closely with the Board of Directors and leadership team to develop Informatica’s strategy, ensure execution of critical initiatives, and drive value creation.
Prior to joining Informatica in 2017, Vineet Walia served as Vice President, Global Sales Strategy, Transformation and Programs at HPE, and Corporate Vice President, Head of Corporate Strategy at Juniper Networks, among other roles. Before Juniper, he served as Senior Principal at Mercer.