Today we announced a few leadership changes that will serve to strengthen our company and prepare us for our next wave of growth. Mike Stankey has been appointed Vice Chairman and will join our board of directors. Additionally, Phil Wilmington and Mark Peek have each been promoted to Co-President, responsible for our sales and services operations and global business operations, respectively.
Going forward, Mike will work closely with me and the management team on areas including expansion into new markets, key customer relationships, external communications, and field leadership development. On a personal note, Mike and I have worked together for over 20 years, and I am excited to work with him for many years to come as he takes on these new challenges.
Phil joined Workday a few months ago as our head of worldwide sales. Though Phil is new to the company, he is someone that Dave, Mike, and I have known and worked with for over 20 years. In fact, Phil served as Co-President at PeopleSoft, a position very similar to his new role at Workday. He is one of the most seasoned and respected sales leaders in the software industry, and we are very fortunate to have him lead our next wave of customer growth. With his transition to Co-President, he will continue to oversee worldwide sales at Workday, and he will now oversee customer services as well.
While many of you know Mark as our CFO, he also has been leading most aspects of the company’s business operations including finance, legal, IT, and facilities. Mark joined us three years ago (just in time to lead us through our IPO) and has been an integral part of our growth and success. Prior to joining Workday, Mark was Co-President and CFO of VMware and Chief Accounting Officer at Amazon.com. Those experiences will serve Workday well as we continue to rapidly scale our business operations in the years ahead.
I’d like to congratulate Mike, Phil, and Mark on their new roles.
These leadership changes are just another step in our journey that began 10 years ago. In this past quarter, we reached a $1 billion revenue run rate, and are now focused on our next target of $3 billion in revenues. We are the leader in cloud HCM, our financial management applications are ready to support large global organizations, and we continue to expand around the world. We have a very talented and engaged team of employees who build great products and take care of our customers. I couldn’t be more excited about the opportunities in front of us.
And now, back to work. 🙂