'Quick read' news summary

Workday Inc. WDAY, +1.21% said late Tuesday it appointed Carl Eschenbach to serve as co-chief executive along with co-founder and chairman Aneel Bhusri effective immediately. Eschenbach is a partner at private equity firm Sequoia Capital, and will stay with the firm in a “venture partner capacity.” Workday expects the co-CEO arrangement to last until January 2024, when it is expected Eschenbach  will become sole CEO. The appointment comes as Chano Fernandez steps down as co-CEO and a board member effective immediately, the company said.

Workday Inc. WDAY, +1.21% said late Tuesday it appointed Carl Eschenbach to serve as co-chief executive along with co-founder and chairman Aneel Bhusri effective immediately. Eschenbach is a partner at private equity firm Sequoia Capital, and will stay with the firm in a “venture partner capacity.” The appointment comes as Chano Fernandez steps down as co-CEO and a board member effective immediately, the company said.