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In a surprising announcement on Monday, Zoho's Sridhar Vembu revealed he has stepped down as CEO. Co-founder Shailesh Kumar Davey is now the new group CEO.
Vembu will take on the role of Chief Scientist, focusing on research and development.
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Vembu in a post on X, said, "A new chapter begins today. In view of the various challenges and opportunities facing us, including recent major developments in AI, it has been decided that it is best that I should focus full-time on R&D initiatives, along with pursuing my personal rural development mission. I will step down as CEO of Zoho Corp and take a new role as Chief Scientist, responsible for deep R&D initiatives."
About Shailesh Kumar Davey
Davey was the Vice President of Engineering at ManageEngine, Zoho Corporation's IT management division. He co-founded the company in the mid-1990s and helped create its Rapid Application Development tool for network management.
ManageEngine offers IT and security operations management solutions for organizations and service providers worldwide, available both on-premises and in the cloud. Its clients include nine Fortune 100 companies.
At Zoho, Davey led teams in building network management tools for device vendors and OEMs. He worked on large-scale data challenges and helped set up engineering processes across the company. Before joining Zoho, the new group CEO worked at Tata-IBM on networking projects for a year. He graduated from IIT Madras with an MTech in Industrial Management (1995) and a BTech in Metallurgy (1992).
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