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Posted 28 February, 2022

Workday, Inc. appointed Mr. Duffield as new CEO

Nasdaq:WDAY appointed new Chief Executive Officer Mr. Duffield in a 8-K filed on 28 February, 2022.


  Also as of the Effective Date, Mr. Duffield has been appointed to the newly formed role of CEO Emeritus of Workday, an honorary, non-officer role, and will serve as an advisor to the management of Workday and the Board.  

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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 February 24, 2022 (the "Effective Date"), the Board of Directors (the "Board") of Workday, Inc. ("Workday") accepted the resignation of David A. Duffield, Workday's co-founder and former Co-Chief Executive Officer, as a member of the Board and Chairman Emeritus. Mr. Duffield'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. Also as of the Effective Date, Mr. Duffield has been appointed to the newly formed role of CEO Emeritus of Workday, an honorary, non-officer role, and will serve as an advisor to the management of Workday and the Board. Workday and the Board are grateful and appreciative of the immense contributions that Mr. Duffield has made to Workday as its co-founder, former Co-Chief Executive Officer, Chairman, and Director, and look forward to his future contributions as CEO Emeritus.

(c) Election of Director

As of the Effective Date, the Board elected Thomas F. Bogan, who served as Vice Chairman, Corporate Development of Workday from August 2018 to February 2022, as a Class III director, which is the class of directors that will stand for election at Workday's 2024 Annual Meeting of Stockholders.

In connection with his election to the Board, Mr. Bogan will receive a one-time grant of restricted stock units in the amount of $750,000, one-fourth of which will vest on March 15, 2023, and the balance of which will vest in equal quarterly installments over the following twelve quarters, assuming continuous service through the applicable vesting dates. Mr. Bogan has entered into Workday's customary indemnification agreement for its directors. Mr. Bogan has not yet been named to serve on any committee of the Board, and there are no arrangements or understandings between Mr. Bogan and any other persons pursuant to which he was elected as a director. As Workday's former Vice Chairman, Corporate Development, Mr. Bogan received compensation of $400,000 during our fiscal year ended January 31, 2022.