Braze (NASDAQ: BRZE) has announced record customer bookings for the quarter and fiscal year ending January 31, 2025. The company's president and chief commercial officer, Myles Kleeger, will be stepping down after 10 years of leadership. Kleeger will remain in the position until June 1, 2025, to ensure a smooth transition. Following the record bookings, Braze plans to continue scaling its growth and has announced the hiring of a chief revenue officer (CRO) who will report to Bill Magnuson, the co-founder and CEO.
Braze has also made organizational changes to support its growth, including the transition of Jesse Hoobler to senior vice president of customer experience, the hiring of Jerry Schorn as the vice president of sales for the Americas, and the transition of John Ashton to vice president of the global partnerships team.
Bill Magnuson, CEO of Braze, expressed gratitude for Myles Kleeger's contributions and highlighted the company's excitement to support the new leaders who will guide the next phase of Braze's growth.
It will be interesting to see how these changes will impact the company's financial performance in the coming quarters, especially with the strong momentum reflected in the record bookings for the recently ended fiscal year. The market has reacted to these announcements by moving the company's shares -9.0% to a price of $41.83. Check out the company's full 8-K submission here.