PeopleSoft's Brain Drain - InformationWeek

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PeopleSoft's Brain Drain

Enterprise software vendor PeopleSoft Inc. is experiencing ashake-up in its senior management ranks. In addition toseveral recent executive changes, CEO and founder DaveDuffield may be looking to step down after guiding thecompany from zero to more than $1 billion in revenue in just12 years.

In an internal memo to PeopleSoft employees several weeksago, Duffield said he was looking for a new president tohelp lead the company, but that he would stay on as CEO.However, according to a source close to the company,Duffield is looking to leave PeopleSoft and has beguninvestigating "transition possibilities" to be replaced asCEO. A PeopleSoft spokesman says Duffield has no plans toleave and will "continue on as CEO for the foreseeablefuture."

If he leaves, Duffield would be the latest in what's turninginto a growing list of departing senior executives. AneelBhusri, considered Duffield's right-hand man, has alreadyremoved himself from the daily operations of the company,according to sources. Bhusri, who served as senior VP ofproduct strategy, will instead be a vice chairman atPeopleSoft, and will serve largely in an advisory role.Earlier this month, CIO Stephen Zarate left to joinE-commerce start-up Digital Insight Corp. in Calabasas,Calif. Also earlier this month, Al Duffield, the company'shead of sales and Dave Duffield's brother, said he wouldretire later this year.

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