Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) On February 13, 2023, Mr. Carl Eschenbach, a director of UiPath, Inc. (the
"Company") informed the Company that he would be stepping down from the
Company's Board of Directors following his appointment as Co-Chief Executive
Officer of Workday, Inc. Mr. Eschenbach's departure will be effective as of
March 7, 2023. Mr. Eschenbach is not resigning due to any disagreements with the
Company.
On February 10, 2023, Mr. Ted Kummert, Chief Product Development Officer of the
Company, informed the Company of his decision to resign effective as of April
14, 2023. Mr. Kummert has agreed to provide the Company with transition support
for up to six months after April 14th, on such terms and conditions to be agreed
to closer in time to April 14th.
Effective upon Mr. Kummert's resignation, Mr. Daniel Dines, the Company's
co-founder and Co-Chief Executive Officer, will lead the Company's Product and
Engineering teams. Mr. Dines has served as Co-Chief Executive Officer since May
2022 and Chief Executive Officer since the Company's founding in 2015. He has
also served as Chairman of the Company's Board of Directors since 2015. Mr.
Dines was a software development engineer at Microsoft Corporation and holds an
M.S. from the University of Bucharest.
There is no arrangement or understanding between Mr. Dines and any other persons
pursuant to which Mr. Dines was appointed as our lead of Product and
Engineering. There are no family relationships between Mr. Dines and any
director or executive officer of the Company, and he has no direct or indirect
material interest in any transaction required to be disclosed pursuant to Item
404(a) of Regulation S-K other than as previously disclosed in the Company's
filings with the Securities and Exchange Commission.
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