Sridhar Vembu Steps Down as CEO of Zoho Corp
Sridhar Vembu, who is known for his focus on sustainable development and rural economy, said he would be responsible for deep 'R&D' initiatives.
Sridhar Vembu, the founder of the Zoho Corp, has resigned as the CEO of the software firm. He wrote on X that he would focus on research and development as the 'Chief Scientist' of the company.
"A new chapter begins today. In light of the several challenges as well as opportunities that lie before us, including recent major developments in AI, it has been felt that it would be best if I were to focus full-time on R&D initiatives, along with pursuing my personal mission for rural development", he wrote on X.
Vembu, who is known for his focus on sustainable development and rural economy, said he would be responsible for deep 'R&D' initiatives.
Sridhar Vembu said the Group's Co-founder, Shailesh Kumar Davey, will be the new CEO.
"I will step down as CEO of Zoho Corp and take a new role as Chief Scientist, responsible for deep R&D initiatives. Our co-founder Shailesh Kumar Davey will serve as our new group CEO. Our Co-founder Tony Thomas will lead Zoho US. Rajesh Ganesan will lead our ManageEngine division and Mani Vembu will lead the https://Zoho.com division. The future of our company entirely depends on how well we navigate the R&D challenge and I am looking forward to my new assignment with energy and vigor. I am also very happy to get back to hands-on technical work", he added.
