Aneel Bhusri, who has been serving as Workday's (WDAY -3.4%) co-CEO with fellow co-founder David Duffield, is now the company's sole CEO. At the same time, Duffield is replacing Bhusri as chairman. (8-K)
Baird's Steven Ashley doesn't see the shakeup as a big deal. "Everyone at Workday is doing what they did last week. The day-to-day hasn't really changed."
Shares are joining many other high-beta tech names in selling off.