Shay Banon, born on March 25, 1979, is the co-founder and former CEO of Elastic N.V., a company known for its innovative search and data solutions. An engineer by training, Shay earned his Bachelor's degree in Computer Science from the...
Shay Banon, born on March 25, 1979, is the co-founder and former CEO of Elastic N.V., a company known for its innovative search and data solutions. An engineer by training, Shay earned his Bachelor's degree in Computer Science from the University of Amsterdam. He launched Elastic in 2012 and drove its growth, guiding the development of their flagship product, Elasticsearch, a transformative technology in the search and analytics arena. Over his career, Shay made key decisions such as declining stock options to give more room for employee incentives. In January 2022, he shifted from the CEO role to Chief Technology Officer to focus more on product and technology. His compensation reflects this journey, going from a total of about $10.5 million in 2021 to around $3.5 million in 2022. This reflects a significant change as he aligned his role more with technology development after stepping back from executive management. Shay's decisions show a commitment to the long-term vision of the company, emphasizing innovation and growth over short-term gains. The journey of Elastic, under his vision, showcases the evolution from startup to a key player in the tech industry