Official Appointment Follows a Year of Strong
Business Momentum, International Expansion, and Leadership Team
Growth
PLEASANTON, Calif., Jan. 31,
2024 /PRNewswire/ -- Workday (NASDAQ: WDAY), a leader
in enterprise cloud applications for finance and human resources,
today announced it has officially named Carl Eschenbach CEO
effective February 1, 2024.
Eschenbach was named co-CEO alongside Aneel
Bhusri, Workday's co-CEO, co-founder, and chair in December
of 2022.
Bhusri will remain integral to the organization as co-founder
and executive chair of the Workday Board of Directors. He will
serve as a strategic advisor to the CEO, collaborating with
Eschenbach and the rest of the executive team to develop strategic
plans and growth initiatives that align with Workday's mission,
vision, and values. Bhusri will be particularly focused on advising
the business on innovation and the future direction of Workday's
applications and technology platform.
"Working alongside Aneel for the last year has been a highlight
of my career, and has solidified my belief in the opportunities
ahead for Workday," said Eschenbach. "I'm honored to serve as CEO
of this incredible company, and to continue working with our world
class leadership team and more than 18,000 Workmates around the
globe to build one of the most enduring software businesses of our
time."
"Workday has never been in a stronger position, thanks in large
part to the impact Carl has made in his first year," said Bhusri.
"From the start, he has embodied the company's core set of values
and I am confident that he is the right person to help Workday
scale and lead us into our next phase of growth."
Since Eschenbach assumed the co-CEO role in December of 2022,
Workday:
- Surpassed 65 million users under contract, and more than 10,000
global customers.
- Counted more than 50% of the Fortune 500, and more than 70% of
the top 50 companies in the Fortune 500, among its customer
base.
- Saw increased momentum for its EMEA business, reaching over
$1 billion in annual recurring
revenue (ARR).
- Strengthened its industry businesses, with retail and
hospitality joining the company's financial services industry in
surpassing $1 billion in ARR.
- Expanded its leadership bench with a new CFO, CMO, CIO, and a
number of other senior executives across the business.
- Hosted its largest annual user conferences in the US and EMEA
to-date with nearly 20,000 cumulative attendees and 250,000 digital
views.
- Solidified its innovation leadership with a number of
industry-leading Workday AI announcements.
- Bolstered its partner ecosystem with new and expanded
partnerships with Accenture, ADP, Alight, AWS, and others.
- Was recognized by Comparably Best Places to Work as one of the
Best Companies for Women, Best Company Culture, Best Company
Diversity, and Best CEOs.
Eschenbach will assume the sole CEO role beginning tomorrow,
February 1, 2024, at the start of
Workday's fiscal year 2025.
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 are
built with artificial intelligence and machine learning at the core
to help organizations around the world embrace the future of work.
Workday is used by more than 10,000 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.
© 2024 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 Workday's
plans, beliefs, and expectations. These forward-looking statements
are based only on currently available information and Workday's
current beliefs, expectations, and assumptions. Because
forward-looking statements relate to the future, they are subject
to inherent risks, uncertainties, assumptions, and changes in
circumstances that are difficult to predict and many of which are
outside of Workday's 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 Workday's
filings with the Securities and Exchange Commission ("SEC"),
including Workday's Form 10-Q for the fiscal quarter ended
October 31, 2023, and other reports
that we have filed and will 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, Workday's 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.