Workday CEO Carl Eschenbach stepping down, Aneel Bhusri takes over
Workday co-founder Aneel Bhusri, while he is the company’s CEO, at the World Economic Forum in Davos, Switzerland, on January 23, 2020. With the resignation of Carl Eschenbach, Bhusri will take over the position once again.
Adam Galica | CNBC
Working day CEO on Monday Carl Eschenbach He is stepping down and will be replaced by company co-founder Aneel Bhusri.
Bhusri previously held various leadership roles at the software maker; He was co-CEO from 2009 to 2014, CEO from 2014 to 2020, co-CEO from 2020 to 2024, and executive chairman from 2024 to 2026.
It was Eschenbach Elected co-CEO of Workday He takes the top job alongside Bhusri in 2022 and on his own in 2024.
Software stocks, including Workday, have been under pressure in recent months as investors worry about the potential for artificial intelligence to disrupt the industry. Workday shares lost 17% last year and are down more than 25% year to date.
The company’s shares fell 5% on Monday.
“We are now entering one of the most important moments in our history,” Bhusri said in a statement. he said. “Artificial intelligence is a bigger transformation than it is.” [software as a service] — and will define the next generation of market leaders.”
sales force, Seer And Microsoft It is among the leading software-as-a-service companies.
Last month, Eschenbach attempted to dismiss concerns about AI’s impact on the software industry, telling CNBC that the narrative was “exaggerated” and “not true.”
Workday cut nearly 1,750 jobs last year to support its investment in technology.
“It has been a privilege to serve as CEO for the past three years, and I am proud of what we have accomplished—instilling greater operational discipline, expanding globally, broadening our industry focus, and building a meaningful foundation in artificial intelligence,” Eschenbach said in a statement Monday. he said.
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