Workday said Carl Eschenbach will become CEO of the company Feb. 1. Eschenbach had been co-CEO with Aneel Bhusri since 2022.

Bhusri will become executive chair of Workday's Board of Directors and be a strategic advisor with a focus on innovation and Workday's technology platform.

In a statement, Eschenbach said "working alongside Aneel for the last year has been a highlight of my career, and has solidified my belief in the opportunities ahead for Workday."

Eschenbach is taking over Workday as sole CEO in a strong spot. The company has been integrating AI and generative AI into its platform without going the add-on charge route. Workday has more than 65 million users under contract and more than 10,000 global customers.