Workday announced the election of Michael Speiser as an independent director to its Board of Directors on June 18, 2024. Speiser, a Managing Director at Sutter Hill Ventures, brings over 30 years of experience as a technology leader and venture capitalist. He has served as part-time CEO of Snowflake Inc. and held leadership positions at various tech companies.As part of his appointment, Speiser will receive a one-time grant of restricted stock units (RSUs) worth $750,000, vesting over three years, and additional annual RSU grants totaling $345,000 for his board and committee service. Workday's stockholders also voted on four proposals at the Annual Meeting, including the election of three Class III directors, ratification of Ernst & Young LLP as the independent auditor, approval...Show More

Workday announced the election of Michael Speiser as an independent director to its Board of Directors on June 18, 2024. Speiser, a Managing Director at Sutter Hill Ventures, brings over 30 years of experience as a technology leader and venture capitalist. He has served as part-time CEO of Snowflake Inc. and held leadership positions at various tech companies.As part of his appointment, Speiser will receive a one-time grant of restricted stock units (RSUs) worth $750,000, vesting over three years, and additional annual RSU grants totaling $345,000 for his board and committee service. Workday's stockholders also voted on four proposals at the Annual Meeting, including the election of three Class III directors, ratification of Ernst & Young LLP as the independent auditor, approval of executive compensation, and an amendment to the company's certificate of incorporation.Workday's CEO Carl Eschenbach and co-founder Aneel Bhusri praised Speiser's expertise in AI, operations, and leadership, viewing his appointment as crucial for the company's AI innovation and global expansion efforts. Speiser expressed enthusiasm for supporting Workday's growth, particularly in AI transformation.