UiPath Appoints Robert Enslin, Head of Google Cloud Sales, as Co-CEO

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UiPath Inc. today announcement that he named prominent enterprise technology executive Robert Enslin as co-CEO.

The executive joins the robotic process automation software provider after a three-year stint as president of cloud sales for Google LLC’s cloud business, during which time the company saw rapid revenue growth . Enslin (pictured, right) is set to step into the co-CEO role on May 16 and will work alongside UiPath co-founder and CEO Daniel Dines (left).

Announcement of Enslin as co-CEO comes weeks after UiPath latest earnings report. The company reported a net loss of $63.1 million on revenue of $289.7 million, up 39% from a year earlier, but its revenue forecast beat analysts’ expectations. UiPath’s share price plunged 19% in after-hours trading on the day of the earnings report.

“UiPath is trying to signal to Wall Street that it’s bringing new co-management while keeping the innovation engine going,” said Dave Vellante, co-founder and chief analyst at SiliconANGLE Media’s research firm Wikibon. “The stock has been absolutely hammered and that should help calm investors down. If they work as they should, they will be fine. Otherwise, someone might start licking their chops and trying to scoop up an undervalued asset.

The publicly traded UiPath is a leading provider of robotic process automation, or RPA, software. The enterprise RPA platform can observe how workers perform a given task in a business application and create software bots that can perform the task automatically. UiPath helps its enterprise customers reduce repetitive manual tasks for their employees and reduce the risk of human error.

Enslin tripled Google Cloud’s sales organization during his tenure and helped drive significant revenue growth. Alphabet Inc., parent company of Google. reported quarterly financial results on Tuesday, revealing that revenue from its cloud business jumped 44% to $5.8 billion in the first quarter.

Prior to his time at Google, Enslin spent 27 years at enterprise software giant SAP SE, where he held various leadership positions. Enslin’s most recent role at SAP was a board member and president of the Cloud Business Group. As Head of the Cloud Business Group, Enslin led the development and delivery of SAP’s entire cloud solutions portfolio.

Enslin’s responsibilities included overseeing the company’s Qualtrics business. The company, which makes software that helps companies collect employee and customer feedback, became part of SAP through an acquisition in 2019. Qualtrics grew rapidly while it was a subsidiary of SAP and became a listed company in January 2021, raise $1.5 billion through its IPO.

“I’m engaging Rob as a partner as we focus on growing at scale and building a company that reinvents the way business is done,” Dines said. “Rob brings the right balance of experience and skills to scale our operations, which allows me to focus on our product culture, vision and innovation, areas that I am passionate about – and that bring value considerable to our employees and customers.”

Image: UiPath

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