C-Suite Transitions – Co-CEO Of Workday Resigns Suddenly

Welcome to edition 20 of  C-Suite Transitions, a weekly series on InsideArbitrage that tracks appointments and departures at publicly traded companies during the prior week. We highlight five appointments and departures each week by picking the largest companies from the full list of management changes.

1. ​OptiNose (OPTN): On December 9, 2022, Victor Clavelli, Chief Commercial Officer, agreed to step down from his position effective December 22, 2022
2. Sysco Corp. (SYY): On December 10, 2022, Aaron E. Alt.  Chief Financial Officer, resigned from his position effective January 6, 2023.
3. ShiftPixy (PIXY): On December 13, 2022, Manuel Rivera advised ShiftPixy of his decision to resign from his position as Treasurer and Acting Chief Financial Officer effective December 16, 2022.

Co-CEO Chano Fernandez Leaves Workday

In an article discussing the battle for Twitter earlier this year, I wrote the following about another company that went through a hostile takeover,

This situation reminds me of Oracle’s (ORCL) contentious battle to acquire Peoplesoft back in 2003. Oracle offered Peoplesoft $5.1 billion to acquire the company. In an attempt to ward off Oracle, Peoplesoft not only adopted a poison pill provision but went one step further by offering their customers up to 5 times the cost of their software licenses if the company was acquired within the next two years and support for their software was turned off within four years.

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