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 Fernandez
has Stepped Down as Co-CEO and as a Member of the Workday Board of
Directors
PLEASANTON, 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.
Carl 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.
Comments 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."
"I've long admired Workday and how it has redefined the
enterprise software industry, with a focus on putting people at the
center, a values-based approach to leadership, and a relentless
focus on customer service and innovation. This has helped
differentiate Workday, driving its growth and success in supporting
some of the world's largest organizations," said Carl Eschenbach, co-CEO, Workday. "I'm thrilled
to be expanding my role at Workday and working with Aneel, the rest
of the leadership team, and our amazing group of employees to help
us build on this great momentum and take hold of the massive
opportunity in front of us."
As part of today's release, Workday reaffirms its financial
guidance for the fourth quarter of fiscal 2023 and its preliminary
outlook for fiscal 2024 as provided on Nov.
29, 2022.
About Workday
Workday is a leading provider of
enterprise cloud applications for finance and human resources,
helping customers adapt and thrive in a changing world. Workday
applications for financial management, human resources, planning,
spend management, and analytics have been adopted by thousands of
organizations around the world and across industries – from
medium-sized businesses to more than 50% of the Fortune 500.
For more information about Workday, visit workday.com.
© 2022 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
Forward-Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding the impacts of the co-CEO transition, the
timing and impact of Workday's future leadership structure, and
Workday's fourth quarter fiscal 2023 and full year fiscal 2024
financial guidance, growth, innovation, momentum, and
opportunities. These forward-looking statements are based only on
currently available information and our current beliefs,
expectations, and assumptions. Because forward-looking statements
relate to the future, they are subject to risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of our control. If the risks
materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in our filings with the Securities and Exchange
Commission ("SEC"), including our Form 10-Q for the fiscal quarter
ended October 31, 2022, and our
future reports that we may file with the SEC from time to time,
which could cause actual results to vary from expectations. Workday
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.