Elastic announced Kulkarni will succeed Founder and CEO Shay Banon, who reassumes the role of Chief Technology Officer, and will continue to serve on the Board of Directors. Banon, who served as CTO prior to being named CEO five years ago, stepped down from his role as Chairman of the Board. Chetan Puttagunta, currently Lead Independent Director, has been appointed Chairman.

Separately, Paul Appleby, has stepped down from his role as president, worldwide field operations, and will be leaving Elastic.