MapR founder John Schroeder steps down, COO to replace

Hadoop distribution vendor MapR has a new chief executive. The company announced Thursday that John Schroeder is stepping down as CEO to become executive chairman of the MapR board.

Matt Mills, previously MapR's president and COO, is replacing Schroeder as well as taking a position on the company's board.

Schroeder has served as MapR's CEO since founding the company in 2009. During that time, MapR has grown into somewhat of a Hadoop darling, with the likes of American Express, Cisco, Ericsson, and Samsung running its Hadoop distro.

MapR recently posting its fourth consecutive quarter of record growth and claims to have achieved a 99-percent client renewal rate in the last quarter. Last month, MapR announced a $50 million round of funding in what's seen as its latest step toward an initial public offering.

"It was very important for us to bring on a leader who shares the MapR vision for creating the next big platform for business, while maintaining our goal of building a company that will last," said Schroeder. "We found that leader in Matt."

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