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    Carl M. Eschenbach

    Chief Executive Officer at Workday Inc
    Board
    Since February 1, 2024
    Age
    57 years
    Education
    Earned an electronics technician diploma from DeVry University.
    Tenure
    Joined Workday as a Director in February 2018, was promoted to Co-Chief Executive Officer in December 2022, and assumed the role of Chief Executive Officer on February 1, 2024.

    Also at Workday Inc

    DS
    David Somers
    Chief Product Officer
    EC
    Emma Chalwin
    Chief Marketing Officer

    About

    Carl M. Eschenbach is 57 years old and holds an electronics technician diploma from DeVry University, reflecting a strong technical foundation for his career in the technology industry.

    He has built an impressive career spanning over 30 years with leadership roles at major companies such as VMware, where he served as President and Chief Operating Officer, as well as his work as a general partner and venture partner at Sequoia Capital Operations. His experience is further highlighted by board memberships at notable technology firms.

    At Workday, he began his association as a Director in February 2018, was elevated to Co-Chief Executive Officer in December 2022, and officially became the Chief Executive Officer on February 1, 2024, marking a significant milestone in his career. His extensive background in operational and sales management and his proven leadership have positioned him well to steer the company’s strategic direction and growth.

    $WDAY Performance Under Carl M. Eschenbach

    Past Roles

    OrganizationRoleDate RangeDetails
    Workday (WDAY) Co-Chief Executive Officer Dec 2022 – Feb 2024 Previous WDAY position prior to current CEO role
    Sequoia Capital Operations, LLC General Partner 2016 – Dec 2022 Past role before transition to Venture Partner
    VMware, Inc. President and Chief Operating Officer 2012 – 2016 Held multiple leadership positions; total duration of 14 years
    Inktomi Corporation Sales Management Positions N/A N/A
    3Com Corporation Sales Management Positions N/A N/A
    Lucent Technologies, Inc. Sales Management Positions N/A N/A
    EMC Corporation Sales Management Positions N/A N/A
    Aurora Innovation, Inc. Board Member N/A Past board role
    UiPath, Inc. Board Member N/A Past board role
    Zoom Video Communications, Inc. Board Member N/A Past board role
    Snowflake Inc. Board Member N/A Past board role

    External Roles

    OrganizationRoleDate RangeDetails
    Sequoia Capital Operations, LLC Venture Partner Present N/A
    Palo Alto Networks, Inc. Director 2013–Present N/A

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,000,000AnnualFixed annual salary as per employment agreement
    New Hire RSU Award$50,000,000Vests quarterly over 4 yearsGranted in December 2022; target grant value; no additional RSUs in 2024
    Special RSU Award$10,000,000Vests quarterly over 1 yearGranted in December 2022; part of initial compensation package
    Additional Special RSU Award$5,000,000Vests quarterly over 1 yearContingent on a $2,000,000 stock purchase within 12 months; part of the initial package
    All Other Compensation$21,664Lump sumIncludes wellness reimbursements, company gifts, and other benefits

    Performance Compensation

    Data from  FY 2024

    Annual Bonus

    MetricValueDetails
    Target Bonus Opportunity$1,500,000150% of base salary of $1,000,000
    Financial Weight80%Financial performance component
    Individual Weight20%Individual performance component
    Threshold56%Minimum performance payout threshold
    Target100%Full target payout level
    Maximum (Cap)150%Maximum payout with a 150% individual multiplier
    Evaluation PeriodsH1 & Full Year 2024H1: 40% payout at 50% funding; Full Year: 100% payout after achieving revenue and customer satisfaction targets
    Payout MethodCashPaid as a cash bonus in fiscal 2024

    Performance-Based Vesting Units (PVUs)

    MetricValueDetails
    Grant DateDec 28, 2022Award granted on this date
    Grant Date Fair Value$37,895,520Calculated using a Monte Carlo simulation
    Grant Date Stock Price$155.84Baseline price used for performance metrics
    Tranche 1 Price Hurdle$194.8025% increase from baseline; achieved on June 20, 2023 at $196.91
    Tranche 2 Price Hurdle$233.7650% increase from baseline; achieved on Jan 20, 2024 at $265.22
    Tranche 3 Price Hurdle$272.7275% increase from baseline; performance period begins Dec 28, 2024
    Vesting ScheduleMonthly (1/60th)Vesting starts on Dec 5, 2022; each tranche vests monthly with a one-year post-vesting holding period
    Unrecognized Compensation Cost$11,000,000As of Jan 31, 2024; cost to be recognized over approximately three years

    Non-Equity Incentive Plan Compensation

    MetricValueDetails
    Threshold Payout$840,000Minimum performance payout level
    Target Payout$1,500,000Target level payout for achieving performance goals
    Maximum Payout$2,700,000Maximum payout with a 150% individual multiplier
    Performance MetricsFinancial & IndividualBased on adjusted subscription revenue and individual performance goals
    Evaluation DetailsN/ANo specific vesting schedule, grant date, or stock price applies as this is cash-based