Ceridian Announces Departure of Co-CEO Leagh Turner as David Ossip Continues in Chair and CEO Roles
Ceridian, a global leader in human capital management (HCM) technology, has announced the departure of Leagh Turner, Co-CEO and member of the Board of Directors, effective November 10, 2023. Turner will be assuming the role of CEO at Coupa Software. David Ossip will continue to lead the company as Chair and sole CEO.
Recognition and Gratitude
David Ossip expressed his gratitude to Leagh Turner for her partnership in driving the company forward and solidifying its position as a global HCM leader. He acknowledged her contributions in positioning Ceridian to better serve customers and achieve both short- and long-term ambitions. The Executive Operating Committee, Board of Directors, and employees extend their best wishes to Turner as she embarks on her new path.
Achievements and Growth
During her tenure at Ceridian, Leagh Turner played a pivotal role in driving key metrics, including doubling revenue and paving the way to surpass $1.5 billion by the end of this year. She also contributed to the growth of the Dayforce customer base, which now includes over 6,300 live customers, including major global organizations. Additionally, Turner played a significant role in scaling cloud margins and expanding the company's bench of talented executives.
The company's third-quarter financial results call will address the leadership change and provide greater financial detail. Ceridian's leaders will also highlight the company's momentum, including plans to unify under the Dayforce brand in early 2024.
In conclusion, Ceridian's announcement of Leagh Turner's departure and David Ossip's continuation as Chair and CEO showcases the company's commitment to driving growth, innovation, and customer satisfaction in the HCM technology space.
Implications of Leadership Change at Ceridian for New Businesses
The announcement of Leagh Turner's departure from Ceridian and David Ossip's continuation as sole CEO presents an interesting dynamic for new businesses. Leadership transitions can be pivotal moments in a company's trajectory, and how they are managed can significantly impact the company's future.
Importance of Recognizing Contributions
David Ossip's recognition of Turner's contributions to Ceridian underscores the importance of acknowledging the efforts of team members. This can foster a culture of appreciation and mutual respect, which is crucial for new businesses looking to build a cohesive and motivated team.
Driving Growth and Innovation
Turner's role in driving key metrics at Ceridian, including doubling revenue and expanding the customer base, highlights the importance of strategic leadership in driving growth and innovation. New businesses can learn from this, focusing on strategic decision-making and innovation to drive their growth.
Managing Leadership Transitions
The way Ceridian is managing this leadership transition, including addressing it in their third-quarter financial results call, demonstrates transparency and proactive communication. These are key elements in managing change effectively, which new businesses should note.
In conclusion, the leadership transition at Ceridian provides valuable lessons for new businesses on recognizing contributions, driving growth, and managing change effectively.