CompanyIntroducing Procore’s Next CEO

To our valued Procore community,

In March, I shared the news that we were beginning the search for my successor as CEO. I am incredibly happy to share that we have found that person.

Earlier today [we announced] that Ajei Gopal joins us as our new CEO Designate and a member of the Board of Directors. Over the coming months, we will work closely together to ensure a smooth transition. He will officially step into the role of CEO following our Q3 earnings, with an anticipated start date of November 10.

Finding the Right Leader

Ajei is a seasoned leader with a powerful track record of building and scaling global technology enterprises. He most recently served as the President and CEO of Ansys, a global leader in engineering simulation software, helping companies design, test, and optimize products virtually-before they're built in the real world. In his time as CEO, he grew the company from a similar size as Procore today into a global leader, approximately tripling revenue and quadrupling market value. He's also served in senior leadership roles at companies like IBM, Hewlett-Packard, and Symantec. These experiences have shaped him into a versatile leader who knows how to navigate complexity, scale innovation, and deliver a lasting impact.

We spoke with many candidates who had impressive resumes and experience, but for me, that alone wasn't enough. I was looking for someone just as committed to our mission, vision, and values as I am-someone who truly understands how special Procore and our industry are. I was looking for a leader who is energized by the opportunity to define the next era of construction technology.

What really stood out to me about Ajei is how naturally his past experience connects to Procore's mission. He has a deep passion for bridging the physical and digital worlds. At Ansys, he saw firsthand how software could enable people to design and build the physical products we all rely on every day-from airplanes to engines to semiconductors. He's witnessed the pride that creators feel in building something bigger than themselves, and he sees that same sense of purpose in construction and in Procore's customers.

Ajei deeply understands that we're not just a software company-we're a mission-driven platform empowering people to build the places that shape our world. That shared sense of purpose is one of the reasons he's so excited to join Procore, why I connected with him so strongly, and why I know he's the right leader for this next chapter. He is someone of strong character who will honor what we've built while pushing us to be the very best we can be.

A Smooth Transition

I will work closely with Ajei to ensure this handoff is as smooth as possible for our employees, customers, and partners. When he officially takes over as CEO in November, I will transition out of operational responsibilities to focus on my role as Chair of our Board of Directors.

I founded Procore because I'm passionate about solving the construction industry's greatest challenges, and that has not changed. As Chair, my commitment to our customers, the industry, and Procore's success will remain as strong as ever. This role will allow me to spend more time on the areas I love most, championing our mission and vision while supporting Ajei as he takes the helm and leads Procore into the future.

As I look back on our journey, I'm filled with immense gratitude for this community. Procore would not be where it is today without the trust and partnership of our customers, and the unwavering hard work and dedication of the entire Procore team. I'm honored to have been on this journey with all of you, and I am confident that Ajei will continue to build on this foundation of trust as we begin our next chapter together.

Here's to many more years of building, together.

Tooey

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 effectively manage a CEO transition, and as set forth in Procore's filings with the Securities and Exchange Commission, including in the section titled "Risk Factors" in its most recently filed Forms 10-K and 10-Q. 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.