Workday CEO Aneel Bhusri Departs; Carl Eschenbach Takes Helm
Ticker: WDAY · Form: 8-K · Filed: 2024-10-01T00:00:00.000Z
Sentiment: neutral
Topics: leadership-change, executive-departure, board-election
Related Tickers: WDAY
TL;DR
Bhusri out, Eschenbach in as CEO at Workday. Board seats also shuffled.
AI Summary
On September 25, 2024, Workday, Inc. filed an 8-K report detailing the departure of Director, Chief Executive Officer, and President, Aneel Bhusri, effective September 25, 2024. Carl D. Eschenbach has been appointed as the new Chief Executive Officer and President. The filing also announced the election of Carl D. Eschenbach and S. James Farrell to the Board of Directors.
Why It Matters
This filing marks a significant leadership transition at Workday, with the long-time CEO stepping down and a new leader taking over, which could impact the company's strategic direction and future performance.
Risk Assessment
Risk Level: medium — Leadership changes, especially at the CEO level, can introduce uncertainty and affect investor confidence, warranting a medium risk assessment.
Key Players & Entities
- Workday, Inc. (company) — Registrant
- Aneel Bhusri (person) — Departing Director, Chief Executive Officer, and President
- September 25, 2024 (date) — Effective date of departure and appointment
- Carl D. Eschenbach (person) — Appointed Chief Executive Officer and President, Elected Director
- S. James Farrell (person) — Elected Director
FAQ
Who has been appointed as the new CEO and President of Workday, Inc.?
Carl D. Eschenbach has been appointed as the new Chief Executive Officer and President of Workday, Inc.
When was Aneel Bhusri's departure from Workday effective?
Aneel Bhusri's departure was effective September 25, 2024.
Who else was elected to Workday's Board of Directors?
S. James Farrell was also elected to Workday's Board of Directors.
What is Workday, Inc.'s principal executive office address?
Workday, Inc.'s principal executive office is located at 6110 Stoneridge Mall Road, Pleasanton, California 94588.
What is the filing date of this Current Report (Form 8-K)?
The date of the report is September 25, 2024, and it was filed as of October 1, 2024.
Filing Stats: 894 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-10-01 16:15:31
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 WDAY The Nasdaq Stock Market LLC (Nasd
Filing Documents
- wday-20240925.htm (8-K) — 30KB
- wday-092524x991.htm (EX-99.1) — 5KB
- 0001327811-24-000198.txt ( ) — 159KB
- wday-20240925.xsd (EX-101.SCH) — 2KB
- wday-20240925_lab.xml (EX-101.LAB) — 21KB
- wday-20240925_pre.xml (EX-101.PRE) — 12KB
- wday-20240925_htm.xml (XML) — 3KB
01 – Financial Statements and Exhibits
Item 9.01 – Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 99.1 Note to Workday employees from Workday's Executive Chair and Chief Executive Officer, dated October 1, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: October 1, 2024 Workday, Inc. /s/ Richard H. Sauer Richard H. Sauer Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary