My Next Chapter at Procore: Announcing Our CEO Succession Plan

To our valued Procore community, 

Earlier today, we announced the initiation of our CEO succession plan. 

When I founded Procore 23 years ago, I never could have imagined that Procore would become the leading provider of construction management software–a company with over two million active users and whose platform powers projects across more than 150 countries. First and foremost, thank you to everyone who made this possible. I am incredibly proud of what we’ve built at Procore and the progress we have made toward our mission of connecting everyone in construction on a global platform, and I am certain we are just getting started. 

We’ve built an incredible foundation, and I’ve decided that now is the right time to begin the process of searching for our next CEO who will build on our momentum and lead Procore through its next phase of growth. Once my successor has been appointed, I will transition to the role of Executive Chairman where I will be able to focus more time in the areas I love most–our employees, customers, product, and industry. I will continue to be deeply involved in the business and lead the Board. I believe that combining my passion and construction expertise with a world-class CEO with extensive experience scaling companies will be an unbeatable combination.

This means that my fellow Board members and I will initiate a comprehensive search to identify our company’s next CEO. Until then, my role remains the same. 

My commitment to Procore, our employees, customers, partners, and the industry remains as strong as ever. I founded Procore to solve the construction industry’s greatest challenges, and will continue to carry out my life’s work in my role today and in my next role. My entire career has been dedicated to construction, and as Executive Chairman I look forward to working more closely with our customers on solving the industry’s greatest challenges. 

Welcoming a new leader will be an exciting milestone for Procore and I look forward to welcoming them when that time comes. However, I want to emphasize that nothing is changing today—it’s business as usual. I decided to share this decision now as my top priority is finding the right person for the role, and doing so will allow us to run the most comprehensive search possible. In the meantime, we still have plenty of important work ahead.  

Here’s to many more years of continued building, together.  

Forward-Looking Statements

This blog contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about Procore, including its CEO succession plans, that involve substantial risks and uncertainties. All statements in this blog, other than statements of historical fact, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, and may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words, or other similar terms or expressions that concern Procore’s expectations, strategy, plans, or intentions.

Procore has based the forward-looking statements contained in this blog primarily on its current expectations and projections about future events and trends that Procore believes may affect its business, financial condition, and operating results. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors that could cause results to differ materially from Procore’s current expectations, including, but not limited to, its ability to identify, attract and retain a new CEO and effectively manage a CEO transition, and as set forth in Procore’s filings with the Securities and Exchange Commission. You should not rely on Procore’s forward-looking statements. Procore assumes no obligation to update any forward-looking statements to reflect events or circumstances that exist or change after the date on which they were made, except as required by law.