The nomination of Christine Russell as a new board member and Christine Napoli as chief financial officer were both announced by MariaDB® Corporation today.
The appointments occur at a critical time for the business, which announced a gain in annual recurring revenue (ARR) of 42% for the six-month period ending March 31, 2022, compared to the same period in the previous year.
A 9.6 percent compound annual growth rate (CAGR) is what IDC predicts the relational database market will experience between 2020 and 2025 (IDC, “Worldwide Database Management Systems Software Forecast,” 2021–2025, US48224421, September 2021). MariaDB has grown more than four times as fast during this time.
MariaDB database technologies liberate users from the expenses, cloud lock-in, limitations, and complexity of proprietary databases as businesses update and migrate to the cloud.
More than 600 customers in more than 60 countries represent the company’s rapidly expanding customer base, which includes businesses in the financial services, telecommunications, retail, technology, public sector, and education, among other sectors.
Napoli had served as CFO of NBCUniversal’s streaming service Peacock before joining MariaDB.
She played a significant leadership role at Peacock from the company’s founding, assisting in its expansion to 28 million monthly active customers in just two years and well over $700 million in sales for the fiscal year.
She is an experienced executive who has worked in many different NBCUniversal business units, giving her a wealth of operational and financial skills.
She formerly worked as a public auditor in the financial services industry at Price Waterhouse LLP (now PwC).
AXT, Inc., eGain Corporation, and QuickLogic Corporation are three publicly traded technology companies where Russell serves as chair of the audit committee. He also serves on the boards of directors for a number of private businesses, such as iCoin Technology and the Silicon Valley Directors’ Exchange.
She has held the position of chief financial officer for six publicly traded companies, including Valence Technologies, Inc., UniPixel, Inc., Virage Logic Corporation, Ceva, Inc., and Persistence Software Inc., as well as two private equity- and four venture capital-backed businesses.
She has successfully completed IPOs and subsequent stock offerings that have raised over $200 million.
