<ul><li>GitLab CEO Sid Sijbrandij steps down, replaced by Bill Staples due to health reasons.</li><li>Staples, a technology industry veteran, will receive a base salary of $600,000 and stock awards worth around $24 million.</li><li>GitLab's third-quarter financial results beat expectations, with earnings of 23 cents per share on revenue of $196 million.</li><li>Sijbrandij will take on the role of executive chairman of the board of directors while focusing on his health.</li></ul>

GitLab co-founder and CEO Sid Sijbrandij steps down, with Bill Staples named as his replacement

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