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Posted 16 February, 2023

UiPath, Inc. appointed new CEO

CEO Change detected for ticker NYSE:PATH in a 8-K filed on 16 February, 2023.


  (b) On February 13, 2023, Mr. Carl Eschenbach, a director of UiPath, Inc. (the "Company") informed the Company that he would be stepping down from the Company's Board of Directors following his appointment as Co-Chief Executive Officer of Workday, Inc.  

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Overview of UiPath, Inc.
Technology • Software
UiPath, Inc. engages in the development and provision of a software platform to automate business processes. The firm serves the public, healthcare, telecommunication, finance, and banking industries. It also offers accounts payable automation, claims processing automation, contact center automation, and finance and accounting automation. The company was founded by Daniel Dines and Marius Tirca in 2005 and is headquartered in New York, NY.
Market Cap
$6.63B
View Company Details
UiPath, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers


(b) On February 13, 2023, Mr. Carl Eschenbach, a director of UiPath, Inc. (the "Company") informed the Company that he would be stepping down from the Company's Board of Directors following his appointment as Co-Chief Executive Officer of Workday, Inc. Mr. Eschenbach's departure will be effective as of March 7, 2023. Mr. Eschenbach is not resigning due to any disagreements with the Company.


On February 10, 2023, Mr. Ted Kummert, Chief Product Development Officer of the Company, informed the Company of his decision to resign effective as of April 14, 2023. Mr. Kummert has agreed to provide the Company with transition support for up to six months after April 14th, on such terms and conditions to be agreed to closer in time to April 14th.


Effective upon Mr. Kummert's resignation, Mr. Daniel Dines, the Company's co-founder and Co-Chief Executive Officer, will lead the Company's Product and Engineering teams. Mr. Dines has served as Co-Chief Executive Officer since May 2022 and Chief Executive Officer since the Company's founding in 2015. He has also served as Chairman of the Company's Board of Directors since 2015. Mr. Dines was a software development engineer at Microsoft Corporation and holds an M.S. from the University of Bucharest.


There is no arrangement or understanding between Mr. Dines and any other persons pursuant to which Mr. Dines was appointed as our lead of Product and Engineering. There are no family relationships between Mr. Dines and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K other than as previously disclosed in the Company's filings with the Securities and Exchange Commission.