• July 21, 2024
Enslin Resigns as UiPath CEO, Dines Steps Back into Role

UiPath announced CEO Rob Enslin stepped down from the position and resigned his seat on the company’s board effective June 1. The company’s founder and former CEO Daniel Dines returned to the post on the same day.

“After much reflection, I have made the difficult decision to resign as CEO of UiPath. It has been an honor to be a part of, to lead, and to learn from an immensely talented team,” said Enslin. “I’m incredibly proud of what we accomplished together. Daniel’s inspirational leadership and customer-obsessed mindset will be game-changing, and I am convinced that UiPath will continue to define what’s possible for our customers and partners in the AI and automation market.”

The New York City-based company helped pioneer the software automation space but has had uneven results since a successful IPO in 2021. On the day of the Enslin announcement, UiPath’s stock, which had reached a 52-week high of nearly $27 in February, plummeted 35 percent to less than $12. At the same time, first quarter revenue for its 2025 fiscal year slightly beat Wall Street estimates—the company reported revenue of $355 million for the quarter, up 16 percent from the previous year—while it posted a net loss of $28.7 million, which frustrated investors.

Dines, who led the April 30 earnings call, said Enslin left “for personal reasons.” Enslin did not participate in the call for investors, analysts and press.

One Wall Street firm, which shared its outlook on UiPath with Automation Today, said it had moved its rating on the company from “buy” to “neutral,” citing disappointing Q1 results, the difficulty UiPath had in securing multi-year licensing deals, and the abruptness of Enslin’s departure. Several other analysts have also downgraded the stock since the announcement.

In a recent interview with Automation Today, UiPath Chief Customer Officer Kelly Ducourty acknowledged some of the criticism coming from customers that are factoring into the licensing challenges—pricing complexity and a lack of transparency about changes.

“We have to make sure we are communicating ahead of time with customers, so they know what to expect,” Ducourty noted at the time. “If customers understand what’s coming ahead of time, they can plan for those changes, adapt more quickly to new features, etc. The post-sales experience is also a focus for me. Making sure they know exactly who to engage with and how. Being proactive about engaging with them.”

Enslin was hired in May of 2022 and served as co-CEO with Dines until he took over as the sole chief executive in January 2024. He was also named to the board at that time. Dines subsequently served as Chief Innovation Officer until Enslin’s resignation.