Summary by Futu AI
Workday announced the appointment of Rhonda J. Morris, Chevron's Vice President and Chief Human Resources Officer, to its Board of Directors as a Class II director, effective February 14, 2025, following her retirement from Chevron. Morris brings over 31 years of global business experience and has been leading Chevron's HR transformation since 2016, including the implementation of Workday's solutions.As part of the standard compensation package, Morris will receive a one-time grant of RSUs worth $750,000, with one-fourth vesting after one year and the remainder vesting quarterly over the following twelve quarters. The Board has determined Morris meets Nasdaq's independence requirements, despite Chevron being a Workday customer with payments of $19.8 million in FY2024 and $900,000 in H1 2024.Morris has extensive experience in human capital management, having overseen Chevron's people and culture strategy, leadership succession, diversity and inclusion, and total rewards. She serves on several non-profit boards and is a fellow in the National Academy of Human Resources. Her appointment reinforces Workday's commitment to delivering transformative solutions to customers.