Workday said that Aneel Bhusri will be sole CEO of the company and Dave Duffield will become Chairman. The two had been co-CEOs.
Employees were told at an all hands meeting this week, the company said.
Bhusri and Duffield, co-founders of the company, have new titles, but the day-to-day responsibilities remain the same. Bhusri remains focused on strategy, product and execution. Duffield is focused on Workday's education and government verticals as well as culture.
The Workday move is a warm up for the other CEO move in enterprise software. SAP is widely expected to make Bill McDermott sole CEO and the executive ranks have been reshaped ahead of the expected announcement on May 20.
Overall, the move to make Bhusri sole CEO isn't surprising. The two execs remain close friends and have Workday set up so it would be extremely difficult for the company to be acquired by Oracle. Both Duffield and Bhusri have scars from the PeopleSoft acquisition by Oracle.