UiPath shares tank 30% right after corporation announces CEO shakeup

UiPath shares tank 30% right after corporation announces CEO shakeup


UiPath co-founder & CEO Daniel Dines

Courtesy: UiPath

UiPath shares plunged far more than 30% on Wednesday soon after the program firm reported CEO Rob Enslin is resigning successful June 1, and becoming replaced by co-founder Daniel Dines, who stepped down as co-CEO on Jan. 31.

The shakeup arrives much less than five months after UiPath ended a co-CEO arrangement amongst Enslin and Dines.

This is breaking news. Be sure to check back again for updates.



Supply

Spotify founder Daniel Ek stepping down as CEO, company names co-CEOs to replace him
Technology

Spotify founder Daniel Ek stepping down as CEO, company names co-CEOs to replace him

Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France.  Antoine Antoniol | Getty Images Spotify CEO Daniel Ek will step down from his position and move to the role of executive chairman, the company said Tuesday. Spotify shares dipped 6% following the announcement. […]

Read More
Ring founder ‘backs the blue,’ says AI is helping Amazon-owned doorbell unit fight crime
Technology

Ring founder ‘backs the blue,’ says AI is helping Amazon-owned doorbell unit fight crime

Ring CEO Jamie Siminoff Courtesy of Ring | Brandon Friend-Solis In 2023, Jamie Siminoff called up Amazon‘s former devices boss, Dave Limp, to say he was stepping down from leading the video doorbell company he sold to the e-commerce giant for $839 million in 2018. Siminoff, who started Ring in 2013, said Limp and Amazon […]

Read More
Amazon’s new Echo devices designed for Alexa+ start at
Technology

Amazon’s new Echo devices designed for Alexa+ start at $99

Amazon Devices & Services Senior Vice President Panos Panay speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025.  Brendan McDermid | Reuters Amazon on Tuesday unveiled a slew of new smart speakers and voice-activated displays that are revamped with Alexa+, its personal assistant that’s powered by generative artificial intelligence. […]

Read More