Workday Promotes Strategy Exec as It Chases $10B in Revenue

Workday has elevated Pete Schlampp, who had served as the finance and human resources cloud application provider EVP of Product Development, to Chief Strategy Officer.

In the wake of Schlampp’s promotion, EVP of Technology Sayan Chakraborty has added Product to his title and will absorb responsibility for Workday’s Product Development organization.

Both executives will continue to report to company Co-Founder and Co-CEO Aneel Bhusri.

Schlampp’s new c-suite role positions him as the head of the company’s awareness and strategy efforts. He will specifically lead Workday Ventures (its VC fund for enterprise technology) as well as the company’s Corporate Development and Strategy, Corporate and Solution Marketing, Experience Design and Development, and Mergers and Acquisitions Integration organizations.

“As we look at our growth opportunity, it’s important we invest in expanding the remit of proven leaders like Pete and Sayan to help accelerate our path to $10 billion and open opportunities for expansion and transformation,” Bhusri stated in the company’s announcement.

In late September 2021, Workday revealed that three years after launch nearly 1,000 organizations were using its Skills Cloud, which uses machine learning to identify core skills that enterprises should hire for and develop internally.

In its last fiscal quarter, Workday reported $1.11 billion in total revenues, up almost 20% year-over-year. The company expects to generate $4.5 billion in subscription revenue (the majority of its total revenue) in its 2022 fiscal year ended January 31, 2022.