Ketan Karkhanis fills the void left by former CEO Sudheesh Nair's departure in March, having overseen Einstein Analytics' product development over his more than a decade at Salesforce.

Ketan Karkhanis, a former Salesforce executive, has been named ThoughtSpot CEO. Sudheesh Nair resigned from the position in March, leaving a vacancy in the top executive position.

ThoughtSpot, which recently revealed that its software-as-a-service offerings increased by 40% in its fiscal year 2024, stated that it will be looking to Karkhanis to keep the business moving forward in the highly tough statistical analysis and business intelligence market.

While announcing Karkhanis' appointment, ThoughtSpot co-founder along with executive chairman Ajeet Singh said that the ThoughtSpot board felt Ketan was the ideal candidate to help the company build on its core innovation and seize the huge market opportunity which lies ahead within AI-powered analytics. 

ThoughtSpot news revealed on February 26 that Nair, the company's CEO from August 2018, had "selected to step down" from his position. Nair's LinkedIn page states that he departed the organization in March. Singh did not provide a detailed explanation for his resignation in either the announcement on February 26 or his blog post titled "ThoughtSpot's Next Chapter" on March 15.

Chief Development Officer Sumeet Arora, Chief Financial Officer Mohit Daswani, and Chief Revenue Officer Jeff Depa headed the CEO's office that oversaw the business while Singh searched for a replacement.

ThoughtSpot's on-premises, cloud, and embedded analytics offerings have helped it establish itself as a prominent player in the congested statistical analysis and business intelligence market.

ThoughtSpot is featured on the CRN AI 100 as well as the CRN Big Data 100. In the Gartner Data Analytics & Business Intelligence Magic Quadrant study for this year, the organization was ranked as a leader.

Ajeet Singh added that ThoughtSpot has made great strides in the last six months in expediting its product roadmap, providing GenAI-driven value to clients moving away from antiquated visualization platforms, and concentrating on long-term growth at scale—all of which are laying the groundwork for our next CEO.