"Enterprise resource planning software company Workday announced Monday that chief executive Carl Eschenbach was stepping down and leaving the company's board, effective immediately. Workday co-founder and former CEO Aneel Bhusri will return as CEO. Eschenbach joined Workday in December 2022 as co-CEO alongside Bhusri, and had been operating as the company's sole CEO since February 2024. Bhusri, who had led the company since 2009 - sometimes as co-CEO, sometimes as sole CEO - has been serving as the company's executive chairman since 2024."
"Workday confirmed to TechCrunch that Bhusri is returning to the role permanently, as opposed to taking the helm during a search for a replacement. Workday made this leadership change as it says its next chapter will be focused on, unsurprisingly, AI. "We're now entering one of the most pivotal moments in our history," Bhusri said in the company's press release Monday. "AI is a bigger transformation than SaaS - and it will define the next generation of market leaders. I'm energized to return as CEO, working alongside our presidents Gerrit Kazmaier and Rob Enslin, and I'm excited about the opportunity in front of us.""
Workday announced an immediate leadership change: Chief Executive Carl Eschenbach stepped down and left the board, and co-founder Aneel Bhusri returned as CEO. Eschenbach had joined in December 2022 as co-CEO and served as sole CEO since February 2024. Bhusri previously led the company beginning in 2009 and had been executive chairman since 2024. The company positioned the leadership change around a renewed strategic focus on artificial intelligence. Workday confirmed Bhusri’s return is permanent. The company previously implemented layoffs in February, reducing headcount by 8.5% amid shifts tied to AI and labor strategy.
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