Workday, a prominent cloud software company, has adopted a co-CEO model as part of its leadership transition strategy. Carl Eschenbach, formerly a partner at Sequoia Capital, assumed the role of sole CEO in February 2024 after jointly serving with Workday founder Aneel Bhusri for over a year. This innovative approach contrasts with the trend of companies like Salesforce and Oracle abandoning the co-CEO structure, or those like Netflix and KKR employing it sparingly, despite cautionary advice from corporate governance experts.
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Eschenbach emphasizes the success of Workday’s co-CEO …
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