Workday Ropes In Top Venture Capital Firm Partner As Co-CEO

Workday, Inc WDAY appointed Carl Eschenbach as co-CEO immediately. Eschenbach will remain on the Workday board.
Carl will serve as co-CEO alongside Aneel Bhusri, Workday's co-founder and chair, through January 2024, Workday's fiscal year-end.
Also Read: Analysts Cheer Workday's Solid 3Q, cRPO Upside And Share Repurchase
Eschenbach will likely assume sole CEO responsibilities, and Bhusri will take a full-time role as executive chair and will remain as chair of the board.
Chano Fernandez has stepped down as co-CEO and a board member, effective immediately.
Eschenbach has been a partner at Sequoia Capital, a leading venture capital firm, since 2016.
Carl will stay involved with Sequoia in a venture partner capacity.
Workday reaffirmed its financial guidance for the fourth quarter of fiscal 2023 and its preliminary outlook for fiscal 2024.
Price Action: WDAY shares closed higher by 1.21% at $172.09 on Tuesday.
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