Sridhar Vembu resigns as CEO of Zoho Corp, takes on new role as ‘Chief Scientist’ | Company Business News

Sridhar Vembu has stepped down as the CEO of Zoho Corp to take over on his new role as ‘Chief Scientist’, he shared on a post on X.

He 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. 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 http://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.”

This is a breaking news report, more details are awaited