x

Posted 01 April, 2021

Workday, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:WDAY in a 8-K filed on 01 April, 2021.


  Also, as of the Effective Date, David A. Duffield, Workday's co-founder and former Chief Executive Officer, resigned as Chairman of the Board.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Workday, Inc.
Technology • Software
Workday, Inc. engages in the provision of development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions, and government agencies. The company was founded by David A. Duffield and Aneel Bhusri in 2005 and is headquartered in Pleasanton, CA.
Market Cap
$69.1B
View Company Details
Workday, 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) Departure of Director 


On and effective April 1, 2021 (the "Effective Date"), the Board of Directors (the "Board") of Workday, Inc. ("Workday") accepted the resignation of Michael A. Stankey as a member of the Board. Mr. Stankey's decision to resign was not the result of any disagreement with management or the Board, or related to Workday's operations, policies, or practices. Mr. Stankey remains an employee of Workday in the role of Vice Chairman. Workday and its Board appreciate the support and guidance Mr. Stankey has provided as a member of the Board since 2015.


(c) Election of Director 


As of the Effective Date, the Board elected Luciano "Chano" Fernandez, Workday's Co-Chief Executive Officer, as a Class II director, which is the class of directors that will stand for election at Workday's 2023 Annual Meeting of Stockholders. Mr. Fernandez will not receive any additional compensation or equity awards for his service as a director. Mr. Fernandez has not been named to serve on any committee of the Board. There are no arrangements or understandings between Mr. Fernandez and any other persons pursuant to which he was elected as a director. Mr. Fernandez does not have a material interest in any transaction that is required to be disclosed under Item 404(a) of Regulation S-K, and there is no family relationship between Mr. Fernandez and any of Workday's other directors or executive officers.


Also, as of the Effective Date, David A. Duffield, Workday's co-founder and former Chief Executive Officer, resigned as Chairman of the Board. Mr. Duffield was appointed Chairman Emeritus by the Board as of the Effective Date and will also continue as a voting member of the Board. Further, as of the Effective Date, the Board appointed Aneel Bhusri, Workday's Co-Chief Executive Officer and a member of the Board, as Chairman of the Board. Mr. Bhusri will not receive any additional compensation or equity awards for his service as Chairman.