---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-128643"
form_type: "8-K"
ticker: "WDAY"
cik: "0001327811"
company_name: "Workday, Inc."
filed_at: "2022-12-20T23:59:59+00:00"
generated_at: "2026-06-21T01:32:47.503722+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-128643
- form_type: 8-K
- ticker: WDAY
- cik: 0001327811
- company_name: Workday, Inc.
- filed_at: 2022-12-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/0001104659-22-128643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/tm2233055d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-128643
- JSON: https://secwatch.observer/filing/0001104659-22-128643.json
- Plain text: https://secwatch.observer/filing/0001104659-22-128643.txt

## Key facts
- Executive change
  Luciano G. Fernandez resigned as co-Chief Executive Officer at Workday, Inc..
  - Action: resigned
  - Role: co-Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/0001104659-22-128643-index.htm
- Executive change
  Carl M. Eschenbach was appointed as co-Chief Executive Officer at Workday, Inc..
  - Action: appointed
  - Role: co-Chief Executive Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1327811/000110465922128643/0001104659-22-128643-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.