Workday appoints Carl Eschenbach as co-CEO; Fernandez steps down; reaffirms guidance

Workday, Inc.

Carl Eschenbach appointed co-CEO effective Dec 20, 2022; expected to become sole CEO in Jan 2024.
Chano Fernandez resigns as co-CEO and board member; will remain through April 2023 transition.
Eschenbach receives $1M salary, 150% target bonus, and equity awards totaling $65M (RSUs and performance awards).
Reaffirms Q4 FY2023 guidance and preliminary FY2024 outlook provided Nov 29, 2022.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Luciano G. Fernandez

co-Chief Executive Officer

WDAY · Workday, Inc.

Effective: 2022-12-20
Filed: December 20, 2022, 6:59 PM ET

On December 14, 2022, Luciano G. Fernandez informed the Board of his intention to resign from his position as Workday’s co-CEO and a member of the Board, effective as of the Effective Date.

Appointed

Carl M. Eschenbach

co-Chief Executive Officer

WDAY · Workday, Inc.

Effective: 2022-12-20
Filed: December 20, 2022, 6:59 PM ET

On December 14, 2022, the Board of Directors (the “Board”) of Workday, Inc. (“Workday”) appointed Carl M. Eschenbach as co-Chief Executive Officer (“co-CEO”) of Workday, effective December 20, 2022 (the “Effective Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Luciano G. Fernandez resigned as co-Chief Executive Officer at Workday, Inc..

Action: resigned
Role: co-Chief Executive Officer

Exact text from the filing

On December 14, 2022, Luciano G. Fernandez informed the Board of his intention to resign from his position as Workday’s co-CEO and a member of the Board, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carl M. Eschenbach was appointed as co-Chief Executive Officer at Workday, Inc..

Action: appointed
Role: co-Chief Executive Officer

Exact text from the filing

On December 14, 2022, the Board of Directors (the “Board”) of Workday, Inc. (“Workday”) appointed Carl M. Eschenbach as co-Chief Executive Officer (“co-CEO”) of Workday, effective December 20, 2022 (the “Effective Date”).

View on SEC.gov

Workday, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-128643

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