Software company Docker announced that CEO Steve Singh is stepping down from the role next month, two years after joining the company. Taking over for Mr. Singh is Rob Bearden, former CEO at data analytics software company Hortonworks, which completed a $5.2 billion merger with rival Cloudera in January.
Mr. Singh, who sold his former company Concur to SAP for $8.3 billion in 2014, was brought in to help Docker get better at selling software to large companies. He was widely expected to lead nine-year-old Docker to either an acquisition or an IPO, and in recent media reports, he said Docker is on track to be cash flow positive by next February. But Mr. Singh’s abrupt departure, which comes three months after Docker had a round of layoffs, will likely add to questions about Docker’s ability to generate meaningful revenue growth despite having a huge base of users.