- After less than five months in the position
- Praise and thanks for Enslin
- Daniel Dines taking over
- Enslin said 75 words
(exechange) — New York, May 29, 2024 — Rob Enslin, chief executive of UiPath, leaves his position. As announced by UiPath Inc. in a news release and in a regulatory filing published on Wednesday, May 29, 2024, Robert (Rob) Enslin leaves his post as chief executive officer at the automation-software company, after less than five months in the role, effective June 1, 2024.
Generally speaking, it raises questions when a CEO leaves his post at short notice and after a short tenure.
Rob Enslin’s duties as CEO will be taken over by Daniel Dines, a former Chief Executive Officer of UiPath Inc.
“Difficult decision”
UiPath did not give an explicit reason for Rob Enslin’s departure from the CEO post. Enslin stated: “After much reflection, I have made the difficult decision to resign as CEO of UiPath.”
Precise information regarding Rob Enslin’s future plans was not immediately available.
“Resigning”
UiPath said: “Rob Enslin is resigning as Chief Executive Officer and member of the UiPath Board of Directors effective June 1, 2024.”
UiPath further said: “On May 23, 2024, Robert Enslin informed UiPath, Inc. … of his resignation from the Board of Directors of the Company … and from his position as Chief Executive Officer … of the Company, effective June 1, 2024.”
“Not the result of any disagreement”
UiPath stated, regarding the change: “Mr. Enslin’s resignation is not the result of any disagreement with the Company.”
Share price decline since February 2024
The announcement follows a decline in UiPath Inc.’s share price of 19% since February 2024. February 2024 is the month in which Enslin’s tenure as CEO began.
In the position of CEO since 2024
Rob Enslin became CEO of the Company in 2024.
Enslin will stay engaged with UiPath as an advisor during the transition.
Enslin is the Company’s Chief Executive Officer and Director as of February 1, 2024.
Prior to that, Enslin served as the Company’s Co-Chief Executive Officer from May 2022 through January 31, 2024.
Prior to joining the Company, Enslin most recently served as President, Cloud Sales at Google.
Enslin Joined Google in April 2019.
Prior to that, he spent 27 years at SAP, most recently as President of its Cloud Business Group and as an executive board member.
75 words by Rob Enslin
In the release announcing his departure as CEO of UiPath Inc., Rob Enslin received praise and thanks.
In the release announcing his departure as CEO, Rob Enslin said 75 words.
“Game-changing”
Rob Enslin stated: “After much reflection, I have made the difficult decision to resign as CEO of UiPath. It has been an honor to be a part of, to lead, and to learn from an immensely talented team. I’m incredibly proud of what we accomplished together. Daniel’s inspirational leadership and customer-obsessed mindset will be game-changing, and I am convinced that UiPath will continue to define what’s possible for our customers and partners in the AI and automation market.”
The above text is an excerpt from the exechange report 23.2024 ($), publication date June 3, 2024.