Business
Workday Appoints Carl Eschenbach to Co-CEO
Aneel Bhusri, Co-CEO, Co-Founder, and Chair to Remain Co-CEO through January 2024; Expected to Assume Full-Time Role as Executive Chair at that Time Chano
About this update from Workday, Inc.
[{"type":"text","content":" Aneel Bhusri, Co-CEO, Co-Founder, and Chair to Remain Co-CEO through January 2024; Expected to Assume Full-Time Role as Executive Chair at that Time\nChano Fernandez has Stepped Down as Co-CEO and as a Member of the Workday Board of Directors \nPLEASANTON, Calif., Dec. 20, 2022 /PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced the appointment of Carl Eschenbach to co-CEO, effective immediately. Carl will remain on the Workday Board of the Directors, which he has been a member of since 2018. Carl will serve as co-CEO alongside Aneel Bhusri, Workday's co-CEO, co-founder, and chair, through January 2024, Workday's fiscal year end. At that time, Aneel and the Board expect that Carl will assume sole CEO responsibilities and Aneel will assume a full-time role as executive chair and will remain as chair of the Board of Directors. Chano Fernandez has stepped down as co-CEO and as a member of the Workday Board of Directors, effective immediately.\n\n \n \n \n \n \n \n\n \nCarl has more than 35 years of experience leading successful technology companies. He has been a partner at Sequoia Capital, a leading venture capital firm, since 2016, having worked closely with high-growth, innovative enterprise software organizations. Carl will stay involved with Sequoia in a venture partner capacity. Prior to Sequoia, Carl held several leadership positions at VMware, Inc., a global virtual infrastructure software provider, including as president, chief operating officer, acting chief financial officer, and executive vice president of worldwide field operations, helping the company scale at that time to more than $7 billion in total revenue during his 14 years at the company.\nComments on the News \"We have an incredible opportunity in front of us and I'm confident that Carl, with his leadership skills and his proven experience in helping technology companies scale, as well as his commitment to culture and values, will help lead Workday through its next phase of growth,\" said Aneel Bhusri, co-CEO, co-founder, and chair, Workday. \"Chano has been an integral part of Workday since he joined almost nine years ago and has helped us to achieve great success and growth. We thank him for his many contributions.\"\n\"I've long admired Workday and how it has redefined the...