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$1.3 billion startup Docker gets a new CEO after only two years, as the company shies away from its goal of an IPO amid intense competition

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More turmoil for Docker, the startup that helped create a new software market only to watch the tech giants come in and dominate it.

Docker has its third CEO in a little over two years: Former Hortonworks CEO Rob Bearden.Bearden is best known for taking Hortonworks public, and later selling it to its biggest rival Cloudera — and has a history of big exits besides.

After two years running the hot startup that forever changed how software developers work, the company on Wednesday, though he will remain as chairman. Docker has hired former Hortonworks CEO Rob Bearden to take over for Singh, effective immediately.

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