Workday Names Sequoia’s Eschenbach as Co-CEO, Sets Transition

  • Co-founder Aneel Bhusri to remain co-CEO until January 2024
  • Fernandez departs top post after eight-year career at Workday

Carl Eschenbach

Photographer: Noah Berger/AP

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Workday Inc., a maker of software for business tasks such as human resources, named board member Carl Eschenbach co-chief executive officer and said he will become sole CEO after Aneel Bhusri steps down from the post to become executive chairman in January 2024.

Eschenbach, 52, a partner at Sequoia Capital, replaces Chano Fernandez as co-CEO effective immediately, Workday said Tuesday in a statementBloomberg Terminal. Fernandez was promotedBloomberg Terminal to the post alongside co-founder Bhusri in August 2020 after six years with the Pleasanton, California-based company.