David Barter Takes the Helm as New Relic's Financial Leader

New Relic, a prominent observability platform provider, has unveiled its latest executive appointment. David Barter, a seasoned finance executive with nearly three decades in the technology sector, will assume the Chief Financial Officer position at the company. This transition marks the conclusion of Mark Sachleben’s tenure following 14 years of distinguished service.

Executive Background and Track Record

Barter brings a wealth of experience from leading finance operations at some of the industry’s most prominent organizations. His career spans roles at Microsoft, General Electric, and Guidewire Software, where he honed his expertise in scaling financial strategies for technology-driven enterprises. Most notably, Barter recently served as CFO at C3 AI, successfully navigating the company through its initial public offering. Prior to that, he held the Chief Financial Officer role at Model N, demonstrating consistent success in managing growth-stage companies.

His educational credentials include a Master of Business Administration and Master of Engineering Management from Northwestern University’s Kellogg School of Management, complemented by a Bachelor of Business Administration in Finance and Philosophy from the University of Notre Dame.

Strategic Vision for Growth

New Relic CEO Bill Staples emphasized the strategic importance of this appointment: “David’s background demonstrates the leadership qualities we need to accelerate our business objectives. His analytical rigor, integrity, and forward-thinking approach align perfectly with our mission to empower engineers with data-driven insights throughout the software development lifecycle.”

For his part, Barter expressed enthusiasm about the opportunity, stating: “New Relic’s position as an industry innovator in observability caught my attention. The company’s commitment to engineering excellence and its distinctive consumption-based pricing model represent a compelling growth trajectory. I’m eager to collaborate with the existing leadership team to scale operations while maintaining profitability.”

Timeline and Transition

The Board of Directors is scheduled to formally ratify Barter’s appointment on August 17, 2022. Upon his assumption of the CFO role, Sachleben will transition into an advisory capacity, ensuring continuity during the leadership transition.

About New Relic’s Mission

New Relic operates as a leader in the observability space, providing engineers with unified data platforms that integrate metrics, events, logs, and traces. The company’s full-stack analysis capabilities enable software teams to optimize planning cycles, reduce failure rates, accelerate release frequency, and minimize mean time to resolution. Its innovative usage-based consumption model delivers measurable value to enterprise clients including adidas Runtastic, American Red Cross, Australia Post, Banco Inter, Chegg, GoTo Group, Ryanair, Sainsbury’s, Signify Health, TopGolf, and World Fuel Services.

New Relic’s platform empowers engineers to make decisions grounded in data rather than assumptions, supporting global brands in achieving superior uptime, reliability, and operational excellence across their digital infrastructure.