- After less than two years in the position
- Accolades, praise, thanks and good wishes for Turner
- Elimination of dual chief executive officer role
- David Ossip becomes sole chief executive officer
- Turner said 102 words
(exechange) — Minneapolis, Minnesota, November 1, 2023 — Leagh Turner, co-chief executive of Ceridian, leaves. As announced by Ceridian HCM Holding Inc. in a news release and in a regulatory filing published on Wednesday, November 1, 2023, Leagh E. Turner, co-chief executive officer, leaves the human capital management software company, after less than two years in the role, effective November 10, 2023.
Generally speaking, it raises questions when a co-CEO leaves her post at short notice and after a short tenure.
Ceridian eliminates the dual chief executive officer role. David D. Ossip will be sole chief executive officer.
The management change is explained as follows. Ceridian stated: “Leagh Turner, Co-CEO and member of the Board of Directors, will depart the company on November 10, 2023 to become CEO of Coupa Software. David Ossip will continue to lead the company as Chair and sole CEO.”
Turner will be CEO at Coupa
On November 1, 2023, Coupa announced Leagh Turner will join Coupa as its new CEO, effective November 13, 2023. Turner also joins Coupa’s Board of Directors.
Coupa is a cloud based business spend management platform.
Ceridian said: “Leagh Turner, Co-CEO and member of the Board of Directors, will depart the company on November 10, 2023.”
Ceridian further said: “On October 27, 2023, Leagh E. Turner, co-Chief Executive Officer of Ceridian HCM Holding Inc. (the “Company”) notified the Company of her intent to resign as co-Chief Executive Officer and as a member of the Board of Directors of the Company effective on November 10, 2023.”
“Not the result of a disagreement”
Ceridian stated, regarding the change: “Ms. Turner’s decision to resign is not the result of a disagreement with the Company on any matter related to the Company’s operations, policies, or practices.”
Share price decline since February 2022
The announcement follows a decline in Ceridian HCM Holding Inc.’s share price of 18% since February 2022. February 2022 is the month in which Turner’s tenure as co-CEO began.
In the position of CEO since 2022
Leagh Turner became CEO of the Company in 2022.
Turner has served as Co-Chief Executive Officer of Ceridian HCM Holding Inc. since February 2022, and has served as a director since February 2022.
Turner joined Ceridian in 2018, serving as President from August 2018 until February 2022 and Chief Operating Officer from February 2020 until February 2022.
Prior to joining Ceridian, Turner held the position of global chief operating officer, strategic customer program of SAP, an enterprise software and programming company, from October 2016 to August 2018.
Turner is a member of the board of directors for Manulife Financial Corporation, a NYSE and Toronto Stock Exchange (“TSX”) listed company.
At the time of Leagh Turner’s appointment as co-Chief Executive Officer at Ceridian, David Ossip had stated: “Leagh is an incredible leader who has made a profound impact helping our customers transform their organizations, while successfully driving execution throughout our company. I believe that this modern structure will make Ceridian even more relevant for our customers. Together, Leagh and I will lead Ceridian into the next wave of growth.”
At the time of Leagh Turner’s appointment as co-Chief Executive Officer at Ceridian, Leagh Turner had stated: “Ceridian is a truly special organization with a clear purpose, core values that guide our actions every day, and a deep commitment to our customers. I’m honored to join David as Co-CEO and continue our ambitious goal helping organizations and millions of people around the world navigate the new world of work.”
102 words by Leagh Turner
In the release announcing her departure as CEO of Ceridian HCM Holding Inc., Leagh Turner received accolades, praise, thanks and good wishes.
In announcing her departure, Leagh Turner said 102 words.
“The right time for me to pursue a new challenge”
Leagh Turner stated: “Ceridian is a company that is fully focused on furthering its promise – to make work life better, and I am humbled and honored to have been part of advancing that the last five years. From the expanded customer and partner community, to the incredible talent, to the powerful innovation delivered – I’m so proud of what we’ve accomplished, underscoring both the readiness of the brand for its next phase of growth and the right time for me to pursue a new challenge. I want to thank David, our employees, partners, and customers for all the joy and success we experienced together.”
Push-out Score for Leagh Turner’s move determined
The Push-out Score indicates on a scale of 0 to 10 how likely it is that Leagh Turner was pushed out or felt pressure to leave her position.
exechange reached out to Ceridian and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 45.2023 ($).